Have big box lenders turned you away because you could not provide a W-2 when applying for a mortgage?
At MidAmerica Bancorp, Inc., you do not need a W-2 to apply for a home loan.
We offer a bank statement loan program to help self-employed borrowers and others to purchase a home with an alternative documentation process that is fast and easy.
No W-2? You Can Still Get a Mortgage in
You can apply for a bank statement loan if you are any of the following:
- A business owner
- An entrepreneur
- A freelancer
- An investor
We also offer a special program for No Income Verification Investor Loans that you may want to check into.
Benefits of Chicago Bank Statement Loans
By verifying your income with bank statements, you can enjoy the following advantages over the traditional loan process:
- For one thing, you can complete the process! It is impossible to jump through the hoop of W-2 income verification if you do not have a W-2. But no matter who you are or how you earn your income, you should be able to provide bank statements to prove your income.
- You can move rapidly through the application process without any hitches. The paperwork is minimal, making this a more streamlined option than the traditional loan application process. That may help you close more quickly on a home or investment property.
- We have worked with many borrowers with circumstances similar to yours. We will adjust our process as needed to work around your constraints and help you buy the home of your dreams.
Apply for a Bank Statement Loan in IL Now
Have questions about bank statement loans, or ready to apply? Please call MidAmerica Bancorp, Inc. today at (708) 237-4050 to schedule your free consultation. We work with borrowers in Illinois, Indiana and Florida.