Schedule a time with a Loan Officer
Apply Now

Mortgage Lenders in Raleigh NC

  • Buy A Home
  • Refinance
  • Learning Center
  • About
  • Contact
(919) 238-4934
CALL US TODAY! (919) 238-4934
  • Buy a Home
  • Refinance
  • Learning Center
  • About
  • Contact
  • Buy a Home
  • Refinance
  • Learning Center
  • About
  • Contact

Bank Statement Loans with Martini Mortgage Group: Alternative Mortgage Solutions

September 22, 2023 by Kevin Martini

Certified Mortgage Advisor Kevin Martini and trusted Raleigh Mortgage Broker Logan Martini, have not only assisted countless families in achieving the dream of homeownership through conventional, government, and jumbo loans but are also leaders in the non-qualified mortgage (non-QM) sector. Are you looking for a Raleigh home loan option that’s a bit unconventional? You’re in the right place.

Non-QM: Catering to Unique Borrowing Needs

Traditional mortgages aren’t for everyone. This is where the expertise of Martini Mortgage Group shines. With various non-QM offerings, this article zooms in on the benefits and workings of bank statement loans – a favored choice for many Raleigh mortgage seekers.

Diving Deep: What Are Bank Statement Loans?

In a constantly shifting financial environment, bank statement loans by Martini Mortgage Group emerge as a beacon for those who find the conventional mortgage criteria a tad restrictive. Unlike the norm, here, your bank statements do the talking, ensuring that your financial prowess is correctly represented.

It’s not about the common income proofs that other mortgages obsess over. Instead, a bank statement loan evaluates a borrower’s repayment potential through their deposits on thier bank statements. It’s an innovative approach that shifts the lens from mere numbers to a person’s genuine financial health.

Raleigh Mortgage Broker Logan Martini

Eligibility for Bank Statement Loans: Is It for You?

If you’re any of the following, then yes!

  • Business Owners
  • Consultants
  • Contract Workers
  • Entrepreneurs
  • ‘Gig’ Workers
  • Independent Contractors
  • Real Estate Professionals
  • Sole Proprietors

Why Choose a Bank Statement Loan?

  • Empowerment for the Self-Employed: Tailored mainly for freelancers, entrepreneurs, and the self-employed lot, these loans understand your unique financial footprint.
  • Overcoming Traditional Barriers: Traditional Raleigh home loans, which rely heavily on W-2 forms or pay stubs, may not do justice to every applicant. Bank statement loans welcome a broader clientele.
  • Cash Flow Matters: Rather than just annual income, emphasis is placed on cash flow – a vital metric, especially for business enthusiasts and the self-reliant workforce.
Realize Your Raleigh Real Estate Dreams with Bank Statement Loans

The mortgage landscape is ever-changing, but with the Martini Mortgage Group, you’re always ahead. With the insight of Raleigh Mortgage Broker Logan Martini and the expertise of Certified Mortgage Advisor Kevin Martini, bank statement loans are more than just an alternative; they’re a testament to an evolving realty landscape. For those eyeing Raleigh home loans and finding themselves a bit unconventional, bank statement loans are your ticket to homeownership. Dive in deeper or get your queries resolved – the Martini Mortgage Group is just a call away.

Frequently Asked Questions (FAQs) About Bank Statement Loans

What are bank statement loans?

Bank statement loans are a subset of non-qualified mortgages that cater to those who might not fit the traditional loan criteria. Instead of conventional income proof, lenders like the Martini Mortgage Group evaluate a potential borrower’s repayment capability based on their bank statements.

Who can benefit from bank statement loans?

These loans are tailored for self-employed individuals, including business owners, consultants, independent contractors, ‘gig’ workers, entrepreneurs, real estate professionals, and sole proprietors.

How does a bank statement loan differ from a traditional mortgage?

While traditional mortgages typically assess eligibility based on W-2 forms or pay stubs, bank statement loans prioritize the analysis of bank statements to understand a borrower’s cash flow and financial health.

Why choose the Martini Mortgage Group for a bank statement loan in Raleigh?

Certified Mortgage Advisor Kevin Martini and Raleigh Mortgage Broker Logan Martini have carved a niche in offering bank statement loans. Their deep understanding of Raleigh’s dynamic real estate market ensures borrowers receive tailored solutions that align with their unique needs.

Are bank statement loans a viable solution for first-time homebuyers in Raleigh?

Absolutely. Especially for first-time homebuyers in Raleigh who have robust cash flow but may not have conventional income documentation, bank statement loans present an efficient and flexible mortgage option.

How do bank statement loans enhance financial flexibility for the self-employed?

These loans are designed to accommodate the fluctuating incomes typical of entrepreneurs, freelancers, and other self-employed professionals. By focusing on cash flow rather than yearly income, they offer a more accurate representation of a borrower’s financial status.

What are non-QM loans, and how do they relate to bank statement loans?

Non-QM (non-qualified mortgage) loans cater to borrowers who don’t fit the traditional lending mold. Bank statement loans are a type of non-QM loan offered by the Martini Mortgage Group among other solutions.

Is the Martini Mortgage Group the best mortgage lender in Raleigh for unconventional loans?

The Martini Mortgage Group has distinguished itself as a leading player in the Raleigh mortgage scene, especially for unconventional loan solutions like bank statement loans. Their tailored approach ensures that borrowers receive optimal solutions for their unique scenarios.

Can business owners with fluctuating incomes benefit from Raleigh home loans like the bank statement loan?

Yes, bank statement loans prioritize a borrower’s cash flow over annual income, making them ideal for business owners and self-employed individuals with varying incomes.

How can one connect with the Martini Mortgage Group for more information?

For comprehensive insights into bank statement loans or any other mortgage options in Raleigh, one can directly connect with the Martini Mortgage Group tby calling: (919) 238-4934

Raleigh Mortgage Broker Logan Martini

raleigh mortgage broker logan martini

Certified Mortgage Advisor Kevin Martini

Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini

Filed Under: Bank Statement Loans, Bank Statement Mortgage, Uncategorized

Frequently Asked Questions About Bank Statement Loans

July 18, 2022 by Kevin Martini

If you do not have a W-2 form or not all of your income is shown on your W-2, you can purchase a home or refinance by applying for a bank statement loan. If you have never before applied for a bank statement loan, you may have many questions about them. Below, we answer some of the most frequently asked questions we receive about bank statement loans.

Bank Statement Loans FAQ’s

Q: Can I get a loan with a bank statement?

A: Yes. It is possible to apply for a mortgage using a bank statement and no W-2 form. This lending product is called a “bank statement loan,” “self-employed loan,” or “self-employed borrower loan.”

Q: How do bank statement loans work?

A: You provide us with your bank statements. The lender assesses your income using the information in your bank statements to determine whether you are a suitable mortgage candidate.

Q; What is required for a bank statement loan?

A:When you apply for a bank statement loan, you will need to provide between 12 and 24 months of statements. These need to span the most recent consecutive period. While the bank statements will answer questions about your income, you will also need to demonstrate that you have been self-employed over the past two years (or the past year, with relevant employment for the year prior). Lenders will also look at your credit score, debt-to-income ratio, and assets. You also may need to provide some additional documentation, such as your business license and a letter from your tax preparer.

Q: Who should get a bank statement loan?

A: You should get a bank statement loan if you work for yourself and do not have a W-2. You might call yourself an entrepreneur, self-employed individual, business owner or freelancer. Investors may also benefit from applying for bank statement loans since much of their income may not be documented on a W-2 form.

Q: What banks offer bank statement loans?

A: Not all banks or lenders offer bank statement loans. Big box companies often do not specialize in this type of lending product. Smaller local companies that take a personalized approach to lending are more likely to offer bank statement loans.

Q: How long do bank statement loans take?

A: It takes around the same amount of time to process a bank statement loan as it does a traditional loan. In some cases, they might even be faster since there is a streamlined process in place for the paperwork.

Q: Can I buy a second home with a bank statement loan?

A: Yes, you can use a bank statement loan to purchase a primary residence, second home, vacation home, or investment property.The purpose of bank statement loans is to make it possible for people who are self-employed to purchase a home. Not having a W-2 should not prohibit you from purchasing a second home anymore than it does from buying a primary residence. And thanks to the bank statement loan process, it does not have to stand in your way.

Q: Can I refinance with a bank statement loan?

A: Yes, you can refinance with a bank statement loan. Again, not having a W-2 in no way makes you an unsuitable candidate for refinancing your mortgage. Once you provide your bank statements during the refinancing process, lenders can make a determination about the rates for which you qualify.

Get Answers to All Your Bank Statement Loan Questions

Do you have additional questions about bank statement loans we did not answer here? Martini Mortgage Group is here to give you the detailed answers you need to move forward with the lending process as a self-employed individual. To ask us your questions, please schedule a consultation by giving us a call at (919) 238-4934. We work with self-employed homebuyers and homeowners in Raleigh and throughout North Carolina, as well as Florida, South Carolina, Georgia, Illinois, Tennessee and Virginia.

Filed Under: Bank Statement Mortgage Tagged With: Mortgage Tips, North Carolina, Raleigh

A Guide to Bank Statements When Applying for a Mortgage

May 17, 2022 by Kevin Martini

When you are purchasing a home, you will need to provide your bank statements to your mortgage company as part of the application process. You may have a lot of questions about why you need to do this, what mortgage companies are interested in when reviewing your statements, and how you can be sure you are providing your lender with what you need for rapid and easy approval. In this post, we will answer these questions so you have a better understanding of the role bank statements play in the application process.

Why Does Your Mortgage Company Ask for Bank Statements?

There are a few reasons your lender may ask you to provide bank statements:

  • You have no W-2. One common reason to provide bank statements to your lender during the application process is simply to verify your income if you are not able to do so using a W-2 form. This would be the case if you are self-employed.
  • Your W-2 does not tell the full story. Another reason to show bank statements during the application process is to document income that does not show up on a W-2 form, even if you have one.
  • Fraud prevention. Lenders look for suspicious transactions in your bank statements. They want to make sure you are using legitimate sources of funding to purchase a home.
  • Checking your financial viability. Depending on the type of mortgage you are applying for, there may be strict rules about sources of funds for down payments. For example, you may not be able to use a loan to cover the down payment. Examining your transaction history in your bank statements gives lenders a chance to look out for issues like this.
  • Closing costs. You will need enough money in your bank account to cover the down payment as well as the closing costs. By looking at your bank statements, lenders can verify if you have sufficient funds to complete the transaction.

Bank Statement Red Flags When Applying for a Home Loan

There are a few things lenders do not want to see when they check your bank statements. For example:

  • Inexplicable rises and falls in income. It is not unusual if you are self-employed to have fluctuations in how much money you bring in from month to month. Nevertheless, you want to try to present a picture of financial stability. That means in some situations, you may need to cover a more extensive time period with your bank statements and offer a detailed explanation for your uneven income. You should put this explanation in writing and turn it in with the bank statements.
  • Lack of an emergency fund. You should have enough liquidity in your assets to pay emergency repair bills, medical bills, and so forth without having to siphon money away from your monthly mortgage payments. If lenders do not see evidence of an emergency fund in your bank account, that is a cause for concern.
  • You should not be overdrawing from your bank account for any reason if you are financially stable. Of course, sometimes overdrafts happen because of mistakes or carelessness. During the timeframe leading up to your loan application, try and avoid these incidents.
  • Large, unexplained deposits. If there is a significant transfer into your bank account that is not part of your regular income, your lender is going to ask you about it. You will need to document the source of the deposit so they can confirm it is not a loan.

How Do You Provide Your Bank Statements During the Loan Process?

Obtaining your bank statements for the mortgage application process is as simple as logging into your online banking portal. Once you have signed in, there should be a section in your account that allows you to download bank statements. How many months of bank statements you need depends on your exact scenario. In the majority of cases, you just need two months. As mentioned previously, if you earn your income unevenly throughout the year, it may be more helpful to provide six months or more.

Before emailing statements to your lender, double check their file names. So that your lender can instantly identify them or find them again if they need to do so later, rename them to something both you and your lender will understand..

Learn More About Buying a Home With a Bank Statement Loan

If you have more questions about bank statements and the mortgage process, Martini Mortgage Group is here to answer them for you! We offer bank statement loans as an alternative to the traditional loan process. That way, self-employed borrowers can apply without a W-2. To get started now, please call us today at (919) 238-4934. We work with homebuyers and homeowners throughout North Carolina, Florida, Georgia, Illinois, Tennessee and Virginia.

Filed Under: Bank Statement Mortgage Tagged With: Mortgage Tips, North Carolina, Raleigh

  • 1
  • 2
  • Next Page »

    Contact Form


    to Terms of Use | Privacy Policy | TCPA Consent * By submitting you agree to our Privacy Policy, Online Policy, TCPA Disclosure & Consent for SMS/Texting. Msg/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. By checking this box, you expressly consent that Martini Mortgage Group may call, text and email you about your inquiry. This may involve the use of automated means and prerecorded/artificial voices. This consent is not a condition to purchase any products or services. You are providing express written consent under the Telephone Consumer Protection Act (TCPA) to be contacted by Martini Mortgage Group. You may revoke this consent at any time by replying 'STOP' to any text message you receive or by contacting us at +1(919) 238-4934.

    Quick Links
    • Buy A Home
    • Refinance
    • Learning Center
    • Contact
    • About
    • Blog
    • Apply Now
    Loan Options
    • Conventional
    • FHA
    • VA
    • Jumbo
    • Reverse Mortgages
    • Cash-out Refinance
    • First Time Home Buyers
    • Bank Statement Loans
    • USDA
    • DSCR
    Resources
    • Home Purchase Qualifier
    • Refinance Analysis
    • Search Homes For Sale
    • Home Value Estimate
    • Mortgage Calculator
    • Mortgage Process
    • FAQs
    • Living in Raleigh
    • Podcast
    Contact
    • Martini Mortgage Group
      507 N Blount St
      Raleigh, NC 27604
    • Find us on Google

    • Phone: (919) 238-4934
    • NMLS# 143962
    Martini Mortgage Group at Gold Star Mortgage Financial Group

    Copyright © Martini Mortgage Group | All Rights Reserved.
    Terms of Use | Privacy Policy

    FacebookTwitterLinkedinYoutubeInstagram
    Equal Housing Lender

    Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | For licensing information go to: www.nmlsConsumerAccess.org and/or www.GoldStarFinancial.com Please review our Disclosures & Licensing information | Gold Star Mortgage Financial Group Corporation has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. Equal Housing Lender. For further information about Gold Star Mortgage Financial Group, Corporation, please visit our website at www.GoldStarFinancial.com. Receipt of application does not represent an approval for financing or interest rate guarantee. Applicant subject to credit, acceptable appraisal, title, and underwriting approval. Not all applicants will be approved. Other terms and conditions apply. Contact Gold Star Mortgage Financial Group, Corporation for more information and up-to-date rates.

      Contact Form


      to Terms of Use | Privacy Policy | TCPA Consent * By submitting you agree to our Privacy Policy, Online Policy, TCPA Disclosure & Consent for SMS/Texting. Msg/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. By checking this box, you expressly consent that Martini Mortgage Group may call, text and email you about your inquiry. This may involve the use of automated means and prerecorded/artificial voices. This consent is not a condition to purchase any products or services. You are providing express written consent under the Telephone Consumer Protection Act (TCPA) to be contacted by Martini Mortgage Group. You may revoke this consent at any time by replying 'STOP' to any text message you receive or by contacting us at +1(919) 238-4934.

      Copyright © 2025 · Martini Mortgage Group on Genesis Framework · WordPress · Log in