Self employed bank statement loan

[CreditLoser]

Where do I start? Been self employed for 2 years building homes. Have plenty of money in deposits going into my business and personal account for two years. I have a down payment. Credit score 720-750 depending on credit reporting agency. My home is paid off. Worth 650k+. 

who is best to apply for a bank statement mortgage loan? What will be required to qualify? 

[ShanetheMortgageMan]

A mortgage broker will likely be your best bet at finding competitive bank statement loan terms. 

You'll need 12 to 24 months of bank statements for the account the business income is being deposited into, if it's a business bank account usually lenders will give you 50% of the deposits over that time period to calculate your qualifying income.  You'll also need evidence of your % of ownership in the business, whether it be a letter from your CPA or other filed documentation.  You'll also need evidence your business is actively operating, such as a business license and client invoices within the past 30 days.  Tax returns are not needed. 

These loans take about the same amount of time as a conventional loan, roughly 30 days.  There are pre-approval processes you can go through just the same.  I'd say the most annoying part is that underwriters will ask about confirming certain deposits are business income, so you have to provide client invoices to match, so make sure you keep onto those or can generate them again from your invoicing software.