Bank Statement Loans
A bank statement loan qualifies self-employed borrowers using 12–24 months of personal or business bank statement deposits instead of tax returns. Typical requirements include a credit score of 620 or higher, 10–20% down, and about two years of self-employment history. Rates run modestly higher than fully documented conventional loans.
Qualify based on your actual cash flow — not your tax returns. Designed for self-employed borrowers, business owners, freelancers, and entrepreneurs whose reported income doesn't reflect their true earning power.
The Self-Employed Mortgage Solution
If you're self-employed, you already know the challenge: your tax returns show the lowest possible income after deductions, but your bank account tells a completely different story. Traditional lenders look at the tax return — and often say no.
A bank statement loan solves this problem by using 12 or 24 months of personal or business bank statements to calculate your qualifying income. Deposits are averaged and an expense factor is applied, resulting in an income figure that more accurately reflects how your business actually performs.
This is one of the most impactful programs in our portfolio. We've helped hundreds of self-employed borrowers who were turned away by banks finally get into the home they deserve — using the income they actually earn.
Who This Program Is For
- Business owners and entrepreneurs
- Freelancers and independent contractors
- Consultants and gig economy workers
- Real estate investors with complex returns
- Professionals with significant write-offs
- Anyone self-employed for 2+ years
How Income Is Calculated
- Personal bank statements: 100% of deposits counted
- Business bank statements: expense factor applied (typically 50%)
- 12-month or 24-month average available
- Multiple accounts can be combined
- Seasonal income patterns are accommodated
Bank Statement Loan Guidelines
Eligibility Basics
- Self-employed for a minimum of 2 years
- Business license or CPA letter required
- Credit score typically 620 or higher
- 12 or 24 months of bank statements
- Consistent deposit history preferred
Loan Parameters
- Loan amounts up to $3M+ (lender dependent)
- LTV up to 90% on primary residences
- Fixed and adjustable rate options
- Primary, second home, and investment property
- Purchase and cash-out refinance available
Documentation Needed
- 12 or 24 months bank statements
- Business license or entity documents
- CPA letter confirming self-employment
- Profit & loss statement (some lenders)
- Standard ID and asset documentation
Your Tax Returns Shouldn't Define Your Mortgage
Let us show you what you actually qualify for based on your real cash flow.
No credit pull required. NMLS #2697124
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