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Bank Statement Loans

Bank Statement Loans

If you’re self-employed, a freelancer, or a business owner, qualifying for a mortgage with traditional income documentation can be a challenge. That’s why we offer Bank Statement Loans—a flexible mortgage solution where income is verified through 12 to 24 months of personal or business bank statements instead of W-2s or tax returns.

These loans are ideal for borrowers with strong cash flow who need a non-traditional income mortgage solution to buy a home or invest in real estate. If you’d like to know how we work with self-employed clients, visit our About Us page.

Min FICO: 620 Max LTV: 90%

Why Choose Our Bank Statement Loan Program?

This program is designed specifically for non-traditional earners who may not show full income on paper due to tax write-offs or business deductions. Benefits include:

  • No tax returns or transcripts required
  • Use the higher mid-FICO when two borrowers own the business equally
  • No limits on NSF (non-sufficient funds) entries
  • Free income calculation available before you apply

If you’re ready to discuss your options, you can contact us directly and speak with one of our mortgage experts.

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Program Highlights

  • Max loan amount: $4 million (larger by exception)

  • Use for: purchase, rate-term refinance, or cash-out refinance

  • Eligible property types: primary residences, second homes, investment properties

  • Accepts 12 or 24 months of business or personal bank statements

  • Business ownership as low as 25%

  • Expense factor down to 10% with CPA confirmation

  • 1–2 years seasoning for foreclosure, short sale, or deed-in-lieu

  • Chapter 13 bankruptcy filing date accepted (if not dismissed)

  • Eligible borrowers include U.S. Citizens, Permanent Residents, Non-Permanent Residents, and ITIN holder

  • The loan can be issued to Individuals, LLCs, or Corporations

  • DTI up to 55% (primary residences only

  • Accepts up to 3 months of rolling 30-day lates

  • Gift funds and supplemental income allowed

Frequently Asked Questions (FAQs)

1. How is income calculated?

Income is averaged based on deposits shown in 12 or 24 months of bank statements. Business accounts typically apply a 50% expense factor unless your CPA verifies a lower rate. We can go as low as 20% without a letter.

2. Who qualifies for a Bank Statement loan?

These loans are ideal for self-employed borrowers, freelancers, and small business owners who have reliable cash flow but limited reportable income on tax returns.

3. Can personal and business statements be combined?

Generally, you must choose one—either personal or business bank statements. Borrowers need to show consistent deposits and business ownership documentation.

4. What other documents are required?

In addition to bank statements, you may need a business license, a CPA or accountant letter, and proof of at least two years of business ownership.

5. Can this loan be used for investment properties?

Yes! These loans work for primary homes, second homes, and investment properties, making them perfect for self-employed real estate investors.

Ready to Apply?

Our Bank Statement Loans help self-employed borrowers access financing without the hassle of tax returns. Whether you’re buying your dream home or refinancing an investment, we’re here to help.

Get in touch with us today to speak with a licensed mortgage advisor.