Bank Statement Loans in North Carolina
Qualify for a home loan in North Carolina using bank statements instead of traditional income documentation. Bank statement loans in North Carolina 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 North Carolina
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Areas We Serve
Griffin Funding provides bank statement loans in North Carolina, including the following areas:
- Charlotte
- Greensboro
- Winston-Salem
- Cary
- High Point
- Pinehurst
- Raleigh
- Durham
- Fayetteville
- Wilmington
- Concord
Self-Employed Mortgages in North Carolina
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 North Carolina. Contact Griffin Funding or get started online to secure a bank statement loan in North Carolina and embark on your homeownership journey.
Frequently Asked Questions
A bank statement loan is ideal for individuals with non-traditional income sources, such as self-employed professionals, freelancers, gig workers, or business owners. If you have difficulty qualifying for a traditional mortgage because of a lack of W-2s or tax returns but you still maintain a steady cash flow, which can be shown through your personal or business bank statements, a bank statement loan could be a great fit.
Yes! You can refinance your mortgage using bank statements through a self-employed refinance. This option allows you to access better loan terms, lower interest rates, or tap into your home’s equity without the need for traditional income documentation.
Learn more about refinancing with bank statements and explore how it can benefit you on our self-employed refinance page.
Yes, bank statement loans can be used to finance investment properties in North Carolina, in addition to primary residences, second homes, and vacation properties. There is no limit on the number of investment properties you can finance with bank statement loans.
We calculate income for a bank statement loan by reviewing 12 or 24 months of your bank statements and adding up eligible deposits to determine your average monthly deposits. You can qualify for a bank statement loan in North Carolina using either personal or business bank statements:
- Personal bank statements: 100% of deposits into a personal account are counted as eligible income.
- Business bank statements: 50% of deposits into a business account are counted as eligible income.
At Griffin Funding, we’re proud to offer non-traditional mortgage solutions, including bank statement loans, that are specifically designed to meet the needs of borrowers with unique financial scenarios. We understand that there’s not a “one size fits all” when it comes to finances, so we do our best to find a financing solution that works best for you.
As a leading bank statement mortgage lender in North Carolina, our experienced team is committed to simplifying the loan process, offering personalized support, competitive rates, and innovative tools like the Griffin Gold app to make your journey as smooth as possible.
Whether you’re looking to get a bank statement loan in Charlotte or refinancing your current home in Raleigh, we’re here to make the process as easy and clear as possible.