Alternative-Documentation Options
Putting off buying a home because you don't think you'll qualify for a loan? Is it too challenging and time-consuming to locate the paperwork that's normally needed to verify your income? If you're self-employed or paid on commission, we know that it's not always easy or convenient to document your income and assets to qualify for a loan. Relax. At Axis Capital Group, we offer several programs that can help you qualify without all the financial documentation required for most loans.
Special Documentation Solutions
With our enhanced Bank Statement Program, we'll calculate your income based on your bank statements instead of your pay stubs. You can submit either personal bank statements or Business and DBA (Doing Business As) statements, depending on your professional situation.
- Available to wage-earning and self-employed customers
- Income calculated on average monthly deposits
- Two convenient options: provide either six or 12 consecutive months of your most recent bank statements
- Available to sole proprietors or self-employed customers
- Requires 100% ownership of business bank account
- Income is calculated with 75% of gross deposits
- Provide 12 consecutive months of your most recent bank statements
There are other options, including Axis Streamline Refinance, for customers who lack the time or desire to produce the paperwork that's normally needed to document income. In many cases, we can provide home financing without income, asset or employment documentation requirements. These financing options can minimize your paperwork and save you time and effort. Depending on your credit, you may be able to:
- Get cash by financing up to 95% of your home's value
- Qualify for a loan amount up to $650,000
- Receive an immediate decision on your home financing application
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