Bank Statement Loans in Colorado
Qualify for a home loan in Colorado using bank statements instead of traditional income documentation. Bank statement loans in Colorado are designed for self-employed borrowers, business owners, and freelancers whose full income isn’t represented on their tax returns. Access a flexible path to home financing as a self-employed borrower without needing to submit tax returns, pay stubs, or W-2s.
- Access home financing using bank statements
- No tax returns or pay stubs required
- Purchase, refinance, or cash-out options available
- Enjoy high loan amounts and flexible terms
- Competitive bank statement loan rates in Colorado
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Areas We Serve
Griffin Funding provides bank statement loans in Colorado, including the following areas:
- Denver
- Colorado Springs
- Aurora
- Fort Collins
- Lakewood
- Thornton
- Arvada
- Westminster
- Pueblo
- Centennial
- Boulder
Self-Employed Mortgages in Colorado
Bank statement loans allow self-employed borrowers to qualify for home financing using 12-24 months of bank statements rather than undergoing traditional income verification methods. This is ideal for business owners, freelancers, investors, and anyone else who may have fluctuating income or claim significant tax deductions.
As a non-qualified mortgage (non-QM) product, bank statement loans offer a greater degree of flexibility compared to conventional mortgages. Borrowers can capitalize on more lenient qualification requirements, flexible terms, and higher loan amounts.
Bank statement loans can be used to buy or refinance a primary residence, vacation home, or investment property. Griffin Funding also offers bank statement home equity loans and home equity lines of credit.
Visit our bank statement loan page to learn more about this type of financing and see today’s self-employed mortgage rates in Colorado. Contact Griffin Funding or get started online to secure a bank statement loan in Colorado and embark on your homeownership journey.
Frequently Asked Questions
It is possible to get both personal loans and business loans with bank statements and we currently offer both types of bank statement mortgages in Colorado. When applying for a personal bank statement loan, your credit score, outstanding debts, and other factors can also impact your eligibility, but the main factor of eligibility will be your bank statements. These bank statements should show you make regular deposits and maintain a balance that proves you can handle monthly mortgage payments.
Colorado bank statement mortgage loans are ideal for people who have strong incomes but don’t fit the traditional lending mold. You might be a perfect candidate if you’re:
- A freelancer juggling multiple clients and projects
- A small business owner who takes advantage of tax deductions
- A gig worker with steady income from various platforms
- A contractor who gets paid by the project
- An entrepreneur with a growing business
- A retiree living off investment income
- A commission-based sales professional
- Someone transitioning from W-2 employment to self-employment with experience in your field
Your minimum down payment for a bank statement loan in Colorado depends on your credit score. Here’s the breakdown:
- With a 720+ credit score, you can put down as little as 10%
- With a 680+ credit score, you’ll need at least 15% down
- With a 660+ credit score, plan for 20% down
- With a 620+ credit score, you’ll need 30% down