Bank Statement Loans
Mortgage financing for self-employed borrowers using bank deposits.
Bank statement loans use 12–24 months of business or personal bank statements to document income instead of tax returns. They're built for self-employed borrowers whose tax returns understate their true cash flow.
What a Bank Statement Loan Looks Like
A quick read on who this program fits, what it takes to qualify, and where the money goes - so nothing feels like a surprise.
Who It’s For
Mortgage financing for self-employed borrowers using bank deposits.
- Self-employed borrowers
- Business owners with heavy write-offs
- 1099 contractors
How You Qualify
Underwriting reviews credit, income, and the property together to build the loan.
- 12–24 months of consecutive bank statements
- Two years self-employed history
- Minimum Score 640+
What It Costs
10%–20% down is typical, depending on credit and property type. - Standard 2%–5% range plus any program-specific pricing.
- No tax returns required
- Income based on real deposits
- Purchase, refinance, and cash-out available
What You’ll Need to Qualify
- 12–24 months of consecutive bank statements
- Two years self-employed history
- Minimum Score 640+
- 10%–20% down typical
Have These Ready
- 12–24 months bank statements
- Business license or CPA letter
- Photo ID
- Property insurance
- Existing mortgage statement (refi)
Not Sure If You Qualify Yet?
A licensed loan advisor will walk your numbers with you - no credit pull, no obligation. You’ll leave the call knowing exactly what to fix first.
The Upside - and What to Weigh
Every program has trade-offs. Here’s the honest picture side by side, without the marketing gloss.
Benefits
- No tax returns required
- Income based on real deposits
- Purchase, refinance, and cash-out available
- Primary, second home, and investment options
Considerations
- Higher rates than conventional
- Larger down payment
- More documentation of business existence (license, CPA letter)
- W-2 borrowers whose tax returns already show full income
- Borrowers whose deposits don't consistently support qualifying income
- Buyers seeking the lowest rate (bank-statement pricing is a premium)
Run the Numbers on a Bank Statement Loan
Adjust the price, down payment, and rate to see an estimated monthly payment. Great for narrowing the search before you formally apply - a quick preapproval confirms your real numbers.
Estimate only. Taxes, insurance, and PMI vary by location and loan program.
Get Preapproved
From Application to Keys in Plan for 30–45 days from application to close.
- 01Apply
Quick online form or a 10-minute call.
- 02Verify
Income, assets, and credit reviewed together.
- 03Appraisal
Property value confirmed for the loan amount.
- 04Close
Sign, fund, and get your keys.
More for Bank Statement Loans Shoppers
Compare Similar Programs
Run the Numbers
Read up Before You Apply
- Bank Statement Loans: the Self-Employed Playbook
How bank statement underwriting reads your business, what to prepare, and where these loans win over conventional.
Open - Debt-to-Income Ratio: How Lenders Read Yours
Front-end vs back-end DTI, what actually counts as debt, and how each program treats the ratio.
Open
Questions We Hear About Bank Statement Loans
Can’t find yours here? A licensed advisor can walk through your specific situation in under 15 minutes.
Straight answers, no pressure - email or call directly.
See if a Bank Statement Loan Fits Your Situation.
A 10-minute preapproval gives you real numbers and a licensed advisor to answer questions - no pressure, no obligation.
