Bank Statement Loans

Get the financing you need as a self-employed business owner without having to provide tax returns for income. 

Instead, we only use your personal or business bank statements over 12 or 24 months as an income verification alternative.

Bank Statement Loan Requirements

This is what you’ll need to get started.

Minimum 640 Credit Score

10% Down Payment​

No Mortgage Insurance

2+ Years Self-Employed

Why do you need a self-employed Bank Statement Loan?

Let’s face it, when you are self-employed, getting a traditional mortgage can be tricky.

With traditional mortgages such as conventional, or FHA loans, self-employed and entrepreneur borrowers have to show two years of tax returns for income. 

Unfortunately, this is where it gets complicated. 

We understand that business owners, entrepreneurs and contractors have expenses and should not be penalized for operating a business when it comes to buying or refinancing a home! This is where the bank statement loan comes into play. 

We analyze other alternatives to calculate your income. Our Bank Statement loan program is the perfect solution for self-employed borrowers who have a significant amount of deposits from business activities in their bank account. This program allows to calculate your income by using the deposits without the need of personal or business tax returns. 

Bank Statement Loan Highlights

No tax returns needed

Bank Statement loans allow self-employed and business owners qualify with only 12 or 24 months of bank statements. 

Higher debt-to-income requirements

With a Bank Statement loan, you can qualify with up to a 50% debt-to-income ratio

Higher loan amounts

Bank statement loans allow you to get financing up to $3 million, higher than conventional or even some jumbo loans.

Short seasoning requirements from credit events

Our Bank Statement loans require only two years’ seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu.

No mortgage insurance required

Even if your down payment is less than 20%, our Bank Statement loans do not require mortgage insurance.

We make it easy to find out how you can qualify for the best loan for your unique situation