Bank Statement Loans

Bank Statement Loans for the Self-Employed Borrower!

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The Lowdown on Bank Statement Loans...

The Lowdown on Bank Statement Loans...

What are Bank Statement Loans

Bank statement loans are an ideal solution for borrowers who may not qualify for traditional mortgage loans (conventional mortgage, FHA loans, etc) such as self-employed borrowers (business owners and 1099 workers). With bank statement loans also know as Self-Employed Loans, we evaluate your eligibility based on your bank account deposits rather than tax returns or pay stubs.

Typically as a business owner you take all of the tax deductions you can on your tax returns which lowers your gross monthly income and it disqualifies you from traditional mortgages. With bank statement loans we can drastically increase your gross monthly income since they average out your business related deposits over a 12 or 24 month period (in some cases 3 months) on your bank statements, then determine your average deposits and subtract your expense ratio to determine your gross monthly income.  


What Do You Need To Qualify for a Bank Statement Loan

  • Minimum 620 Credit Score
  • Down payments as low as 10%
  • Must be in business for at least 2 years
  • Must have 12 or 24 Months of Personal or Business Bank Statements 
  • Must be at least a 25% owner of your business
  • No history of foreclosure or bankruptcy over past 12 months


Who Are Bank Statement Loans for?

Bank Statement Loans are for any borrower who does not qualify for a Conventional Mortgage, FHA Loan, VA, USDA Loan, Jumbo Loan, etc and you are one of the following:

  • Business Owners
  • Freelancers
  • Independent Contractors
  • Sole Proprietors
  • Gig Economy Workers
  • Consultants
  • Contract Worker
  • Retirees
  • Realtors
  • Entrepreneurs


The Bank Statement Loan Process

Applying for a bank statement loan with us is simple. Either complete our Bank Statement Loan Qualifier online or schedule a fast consultation with me.. We work hard to provide pre-approvals within 24 business hours and can typically close loans within 21 days once approved. To begin the pre-approval process, you will need to submit your bank statements, and ID. Feel free to reach out with any questions!

Do I Qualify?

Qualify for your mortgage faster by avoiding the tax return amendment process. Bank statement loans allow you to leverage consistent deposits and transaction history to get approved, with only slightly higher interest rates. Take our quick pre-qualifier to see if this faster, more flexible option is right for your financing needs.

Do I Qualify?

Your Home Loan Could Be Fully Funded 21 Days From Now

  • Fixed Rates

    Fixed Rates

  • Adjustable Rates Mortgage (ARM)

    Adjustable Rates
    Mortgage (ARM)

  • Conforming Loans


  • Jumbo & Super Jumbo Loans

    Jumbo & Super
    Jumbo Loans

  • FHA, VA, &  USDA  Loans

    FHA, VA, & USDA

  • Terms from 5 to 30 Years

    Terms from 5 to
    30 Years

I Want My FREE Bank Statement Loan Rate Quote!

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:

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