Bank Statement Loans
Bank Statement Loans
Self-employed? Qualify using 12–24 months of bank statements — no tax returns required.
What It Is
Bank statement loans are designed for self-employed borrowers whose tax returns don't reflect their true income due to business deductions. Instead of W-2s or tax returns, we use 12 or 24 months of personal or business bank statements to calculate qualifying income.
Who Qualifies
Self-employed borrowers, business owners, freelancers, and 1099 contractors who have been self-employed for at least 2 years and have consistent bank deposits. Personal or business accounts accepted.
Basic Requirements
—Minimum 2 years self-employment history
—Minimum 660 credit score
—12 or 24 months of bank statements
—Down payment of 10–20%
—Reserves required
—CPA letter or business license may be required
Key Benefits
No tax returns or W-2s required
12 or 24 month bank statement options
Personal or business bank statements accepted
Loan amounts up to $3 million+
Primary, second home, and investment property
Competitive rates for well-qualified borrowers
Ready to Get Started?
Talk to a loan officer today. We'll review your situation and find the best program for you — no obligation.