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.
This is what you’ll need to get started.
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.
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.
Andes Mortgage, LLC. NMLS ID# 2187991
| NMLS Consumer Access.
| Not available in all states. Offer of credit is subject to credit approval. Not an offer of credit. Equal Housing Lender
Copyright © 2025 Andes Mortgage
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