TriStar Finance offers stated income loans, a financing option designed for self-employed individuals or those with non-traditional income sources. With stated income loans, borrowers can provide alternative forms of documentation to verify their income, making it easier to qualify for a mortgage. This program allows borrowers to state their income without extensive documentation, streamlining the loan process and enabling self-employed individuals to pursue homeownership.
Stated income loans provide flexibility and convenience for borrowers who may have difficulty meeting the strict income verification requirements of traditional mortgage programs. These loans consider the borrower's stated income and rely on other factors, such as creditworthiness and assets, to determine loan eligibility. Whether you have fluctuating income or non-traditional employment, our team of experts at TriStar Finance can help you explore stated income loan options and guide you through the application process.
TriStar Finance also offers bank statement loans, an alternative financing option that caters to individuals who may not qualify for traditional mortgages due to their unique income and employment situations. Bank statement loans rely on the borrower's bank statements to verify income, allowing self-employed individuals and business owners to secure a mortgage based on their cash flow. These loans provide a simplified and accessible path to homeownership, accommodating those with non-standard income documentation.
Bank statement loans eliminate the need for traditional income verification methods, such as tax returns or pay stubs. Instead, lenders review bank statements over a specific period to assess the borrower's financial stability and repayment capacity. This alternative approach enables borrowers with non-traditional income sources, irregular income streams, or recent business ventures to qualify for a mortgage. Our experienced team at TriStar Finance can guide you through the bank statement loan process, helping you find the right financing solution that aligns with your unique financial circumstances.