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.
Related Reading
Bank Statement Loans in Florida: A Mortgage Option for Self-Employed Borrowers
How bank statement programs evaluate deposit history instead of tax returns for qualifying income.
Read moreMortgage Options for Self-Employed Borrowers in Florida
A full overview of conventional and Non-QM options available to Florida business owners.
Read moreDSCR Loans in Florida: Financing Rental Properties Without Personal Income
If you own investment properties, compare bank statement loans with DSCR financing.
Read moreSelf-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.