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If I am Self Employed can I buy a house to rehab with a Bank Statement only loan?

SELF EMPLOYED MORTGAGE LENDERS QUESTIONS AND ANSWERSCategory: Bank StatementsIf I am Self Employed can I buy a house to rehab with a Bank Statement only loan?
shaamrock Staff asked 1 year ago

At the time of this question we do NOT have any lenders that offer rehab loans for a bank statment only mortgage. All the lender want the home to be fully habitable move in ready and do Not offer additional funds to make repairs or upgrades. If repairs need to be completed you will need the seller to complete the repairs before closing.

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