Los Angeles, CA -- (SBWIRE) -- 08/31/2016 -- Getting a loan for a home purchase can be extremely difficult for a self-employed person.  Owning a resident home is no longer an impossible goal with the bank statement loan program. All that is required from any borrower is to provide 12 months of bank statements to verify income and determine the max loan limit for borrowers. The low doc loans or bank statement loans at QKmortgage.com are only available for California property purchases.

First Time Buyers Are Welcome

Most of Qkmortgage.com programs are geared toward investors with the stated income loan program. The bank statement loan program is the only loan program that welcomes a variety of buyers, including first time homeowners. All that's required for the loan eligibility is to have a 12 months bank statement showing recurring monthly income. The max loan limit will be determined based on the average cash flow per month.

Eligible Properties

A senior agent at Qkmortgage.com disclosed, "We only offer bank statement loan to investors or homeowners who wish to purchase properties in California." Funding will be based on a proven cash flow per month into borrower bank accounts. Loans are available to business owners who are trying to find a resident property.

Other Requirements for Bank Statement Loan

Beside the basic requirement, 12 months bank statement verification; borrowers must have credit history and be clear from bankruptcy probation.

What About Borrowers Who Do Not Have 12 Months Bank Statement?

Borrowers who do not have a proven 12 months bank statement income can apply for "stated income home loans". Stated income home loans allow investors to qualify for a mortgage loan without the need of providing income tax.

Stated income loan program is only available to investors or home buyers who are purchasing properties for rental income or not going to occupy the property. First time buyers are not welcome for the stated loan program. Other requirement for the stated income loan is borrowers must afford a minimum of 30% down payment and have a minimum credit score of 650.

Qkmortgage.com offers stated income loans to many states such as California, Nevada, Florida, Texas, and many other states.

For more information about the loan bank statement loans eligibility and requirement, visit http://qkmortgage.com/stated-income-home-loans/

About QK Mortgage
QKMortgage.com is part of Maxim Real Estate Group Inc., which is a CA BRE licensed Real Estate Broker. QKMortgage.com specializes in stated income loans where borrowers can get quick loan approvals without the need to submit income verification documents. With a minimum credit score of 600, individuals can now be eligible for a home loan with an affordable interest rate.

For Media Enquiry:
Contact Person: Darryl Bledsoe
Telephone: 818-741-3640
Email: lance@qkmortgage.com
Website: http://qkmortgage.com