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Bank Statement Program

Are You Self-Employed?

Although being self-employed comes with many benefits, when looking to Purchase a home or Refinance can be difficult to get approved, if you have an aggressive CPA and write off a lot of expenses. In order to make your process as smooth and streamlined as possible, Bank of England Mortgage has implemented a program to help counteract these issues. We offer a Bank Statement Program for self-employed borrowers as well as those whose employment histories and tax returns may not reflect their viability for a mortgage.

Program Details

  • Personal bank statements (12-24 months) or Business bank statements (12-24 months)
  • No tax returns required
  • Borrow up to 90% of the value of the home
  • Debt-to-income ratio up to 50%
  • Loans up to $3 million
  • For primary and secondary homes and investment properties
  • Non-warrantable condominiums
  • 5/1 Arm, 7/1 Arm, 10/1 Arm, 30-Year fixed rate — no pre-payment penalty and Interest Only Arms up to 40 years
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