Bank Statement Loans
Self-employed? Qualify for a mortgage using your bank statements — no tax returns required.
What is a Bank Statement Loan?
A bank statement loan is a mortgage designed specifically for self-employed borrowers, business owners, freelancers, and independent contractors who have strong income but can't easily document it through traditional W-2s and tax returns. Instead of tax returns, lenders use 12 to 24 months of personal or business bank statements to verify your income.
Many self-employed borrowers write off significant business expenses on their taxes — which is smart tax strategy, but it can make qualifying for a conventional mortgage difficult. Bank statement loans solve this problem by looking at your actual cash flow rather than your taxable income.
Key Benefits
- No tax returns or W-2s required
- Qualify using 12 or 24 months of bank statements
- Personal or business bank statements accepted
- Available for purchase and refinance
- Ideal for self-employed, business owners, and freelancers
- Loan amounts up to jumbo limits available
Who Qualifies for a Bank Statement Loan?
Bank statement loans are built for self-employed borrowers who have been in business for at least two years and can demonstrate consistent cash deposits. This includes sole proprietors, LLC owners, S-corp owners, 1099 contractors, real estate investors, and gig economy workers.
You'll typically need a credit score of 620 or higher, a down payment of 10–20%, and 12–24 months of bank statements showing regular income deposits. Our team will review your statements and calculate your qualifying income to find the best program for your situation.
Self-Employed? You Can Still Get a Great Mortgage.
Don't let your tax write-offs hold you back. Get pre-approved using your bank statements.