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Bank Statement Loan
Self‑employed mortgages qualified by deposits, not tax returns.
Min down payment
10%
Min credit score
660
Statements
12 or 24 months
Max loan
Up to $3M
Overview
About the Bank Statement loan
Bank statement loans qualify self‑employed borrowers using 12 or 24 months of personal or business bank statements instead of W‑2s and tax returns. Perfect for business owners with strong cash flow but write‑offs that hurt taxable income.
Best for
Who this fits
- Self‑employed business owners
- 1099 contractors
- Real estate professionals
Pros
- No tax returns required
- Use real cash flow, not taxable income
- Available for primary, second home, or investment
- Higher loan amounts available
Things to consider
- Higher rates than conventional
- Larger down payment
- Detailed bank statement review
Requirements
What you'll need
- Self‑employed for 2+ years
- 12 or 24 months of bank statements
- Credit score 660+
- 10–20% down payment
FAQ
Common questions
How is income calculated?
We use your deposits over 12 or 24 months and apply an expense factor to determine qualifying income.
Can I use business and personal statements?
Yes — we can use either or a combination depending on the program and which paints the strongest picture.
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