Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker

Bank Statement Mortgage Loans in Ohio

Are you looking for a bank statement mortgage loan in Ohio?

I can help!

I am a full service mortgage broker with access to 110 mortgage lenders. Several of these mortgage companies have bank statement programs.

Bank statement loans (also called bank statement mortgage loans or bank statement programs) are one of the most popular Non QM mortgage programs available to self employed home buyers in Ohio.

These programs offer the opportunities for home ownership to self employed borrowers in Ohio who do not qualify for a regular mortgage due to having too many deductions on their tax returns.

About Bank Statement Loans In Ohio

Minimum Down Payment: Varies per lender but 10% down is the lowest that I am aware of

Minimum Credit Score: Non officially but it’s very hard to get approved if your score is below 620

Take the 30 second mortgage quiz to see if you qualify

Frequently Asked Questions About Bank Statement Loans In Ohio

What is a bank statement loan?

A bank statement loan is a Non QM mortgage loan that uses bank statements instead of pay stubs and W2’s to qualify the borrower.

Does someone need to be self employed to get a bank statement loan?

Yes, bank statement loans are only for self employed borrowers.

How Is Income Determined On A Bank Statement Loan In Ohio?

On an Ohio bank statement loan, the underwriter uses the deposit history to determine the qualifying income. 

How Long Does Someone Need To Be Self Employed To Qualify For A Bank Statement Loan?

This varies by lender but we have lenders that can qualify someone for a bank statement loan with as little as 12 months of self employment history.

What Is The Minimum Credit Score For A Bank Statement Loan In Ohio?

This varies per lender but the lowest that I’m aware of is a 620 score.

What Is The Minimum Down Payment For A Bank Statement Loan In Ohio?

This varies per lender but the lowest down payment that I’m aware of is 10% down.

Where In Ohio Are You Licensed To Lend?

I’m licensed to lend anywhere in Ohio including Dayton, Cincinnati, Columbus, Cleveland, Toledo and Youngstown and everywhere in between.

Are You Approved In Any Other States?

Yes, I’m currently approved to offer bank statement mortgage loans in 40 states.

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