bank statement loans
Bank Statement Loans for Self-Employed
Bank statement loans help self-employed borrowers qualify for a mortgage using personal or business bank statements instead of tax returns. These loans are ideal for business owners, freelancers, entrepreneurs, and 1099 income earners.
loan snapshot
Rates updated daily
30-yr. fixed
6.576%
6.592% APR
6.592% APR
15-yr. fixed
6.016%
6.045% APR
6.045% APR
7-yr. ARM
6.542%
6.564% APR
6.564% APR
30-yr. fixed VA
5.973%
6.103% APR
6.103% APR
Bank statement LOAN HIGHLIGHTS
bank statement loans are perfect for self-employed borrowers
Built for business owners who need more flexible mortgage qualification
Bank statement loans are designed for business owners, freelancers, entrepreneurs, and 1099 income earners who may not qualify using traditional tax returnsNo tax returns or W2s required
Qualify using 12–24 months of personal or business bank statements instead of traditional income documentation.
Flexible income documentation
Perfect for self-employed borrowers with strong cash flow, business write-offs, or variable monthly income.
Flexible Property Types
Finance primary homes, second homes, and investment properties.
Loan Amounts Up To $3M+
Our bank statement loan programs offer higher loan limits than traditional conforming mortgages.
minimum requirents for a bank statement loan
credit score
620+
minimum down payment
10% with ≥ 700 FICO
20% with ≥ 620 FICO
Debt-to-income ratio
Up to 49.9%
Mortgage insurance
Not Required
Occcupancy
Primary, vacation and investment
Loan limits
Up to $3 Million
Bank statement loans may be a good fit for you if...
You are self-employed, 1099 or freelancer
Your income on tax returns is too weak to qualify for a conventional mortgage or jumbo loan
You need to qualify based on your true business income
You have strong cash flow but significant business write-offs
Bank statement LOAN FAQ
Frequently Asked Questions
Get answers to some of the most common questions about bank statement mortgage loans for self-employed borrowers.
What is a bank statement loan?
A bank statement loan is a type of non-QM mortgage that allows self-employed borrowers to qualify using personal or business bank statements instead of tax returns.
How many months of bank statements are required for a bank statement loan?
Most lenders require either 12 or 24 months of bank statements depending on the loan program and borrower profile.
How many months of bank statements are required for a bank statement loan?
Most lenders require either 12 or 24 months of bank statements depending on the loan program and borrower profile.
Can I qualify for a bank statement loan without tax returns?
Yes. Bank statement loans are specifically designed for borrowers who may not qualify using traditional tax return income documentation.
Do bank statement loans require 20% down?
No. The minimimum bank statement loan down payment is 10% when you have a credit score of at least 700.
ready to explore your Bank Statement loan options?
Let’s walk through your numbers, monthly payment, and available conventional loan options so you can understand the best path forward.
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