Las Vegas-based mortgage company Dara Capital recently announced that they are now offering a new bank statement loan program. Bank statement programs are ideal for self-employed or seasonally-employed workers who may not have the proof of consistent income that other borrowers might have to qualify for a traditional loan. An increasing number of people are making the decision to work for themselves, so there is a demand for programs that will help new homeowners secure home loans.
“We have an opportunity to help new homeowners with lower credit scores and challenged credit.” said Kamran Khosravi, CEO of Dara Capital Group.
These programs are perfect for self employed buyers as well as buyers with recent impacts on their credit like bankruptcy or foreclosure.
The bank statement program allows borrowers to present their personal or business bank statements as proof of their ability to make enough income to make mortgage payments.
Dara Capital is headed by Kamran Khosravi, a mortgage industry veteran. Formerly the CEO of American Guardian Home Loans and having been active in the mortgage banking industry for over twenty one years, Khosravi has proven himself to be an expert in both mortgages and real estate. Dara Capital offers many loan programs like FHA, VA, and USDA loans along with other programs such as multi-family and commercial loan programs in California, Texas, Florida, and Nevada.
