Bank Statement Loans
Mortgage solutions for self-employed borrowers and business owners
GET PRE-APPROVEDBank Statement Loans are specifically designed for self-employed individuals, business owners, freelancers, and entrepreneurs who have difficulty documenting their income through traditional tax returns and W-2 forms. Instead of requiring two years of tax returns, these loans use your personal or business bank statements to verify income and qualify for a mortgage.
If you write off significant business expenses that reduce your taxable income, traditional mortgage programs may underestimate your true earning capacity. Bank Statement Loans solve this problem by looking at your actual cash flow rather than your adjusted gross income on tax returns. With access to 260+ lenders, we can find the perfect bank statement loan program for your unique financial situation.
Key Benefits
No Tax Returns Required
Qualify using 12 or 24 months of personal or business bank statements instead of tax returns
Higher Qualifying Income
Your actual cash flow is used, not your tax-adjusted income, often resulting in higher loan amounts
Flexible Documentation
Choose between personal bank statements, business bank statements, or a combination of both
Multiple Property Types
Available for primary residences, second homes, and investment properties
Competitive Rates
Access to competitive interest rates through our network of 260+ specialized lenders
Fast Approval Process
Streamlined underwriting with fewer documentation requirements means faster closings
Who Benefits from Bank Statement Loans?
Self-Employed Professionals
- Independent contractors and consultants
- Freelancers and gig economy workers
- Real estate agents and brokers
- Commission-based sales professionals
Business Owners
- Small business owners with significant write-offs
- Entrepreneurs and startup founders
- Restaurant and retail owners
- Professional practice owners (doctors, lawyers, dentists)
How Income is Calculated
Personal Bank Statements
Lenders review 12 or 24 months of personal bank statements and calculate your average monthly deposits. A percentage (typically 50-75%) of your total deposits is used as qualifying income, accounting for business expenses.
Example: $20,000 average monthly deposits × 50% = $10,000 qualifying income
Business Bank Statements
For business accounts, lenders analyze revenue and expenses to determine net cash flow. This method often provides higher qualifying income for businesses with strong cash flow but significant deductible expenses.
Example: $50,000 monthly revenue - $30,000 expenses = $20,000 qualifying income
Combination Approach
Some lenders allow you to use both personal and business bank statements together to maximize your qualifying income and loan amount.
Typical Requirements
Ready to Get Started?
Contact us today to learn more about Bank Statement Loans and discover how much you can qualify for. Our team specializes in helping self-employed borrowers navigate the mortgage process.