Bank Statement Loans

Mortgage Solutions for Self-Employed Borrowers

If you're self-employed, a business owner, freelancer, contractor, or entrepreneur, qualifying for a traditional mortgage can sometimes feel frustrating. Many successful borrowers write off expenses to reduce taxable income — which can make it harder to qualify using standard tax return documentation.

A Bank Statement Loan is a non-QM (non-qualified mortgage) loan designed specifically for self-employed borrowers. Instead of using tax returns to verify income, lenders review your personal or business bank statements to determine your cash flow.

How It Works:

• Typically 12–24 months of bank statements are reviewed
• Income is calculated based on deposits
• No tax returns required in most cases
• Flexible income qualification methods

This option helps show the true strength of your business — even if your taxable income looks lower on paper.

Who Is a Good Fit for a Bank Statement Loan?

• Self-employed professionals
• Small business owners
• Independent contractors (1099 income)
• Real estate agents
• Gig economy workers
• Entrepreneurs with strong cash flow

Benefits of Bank Statement Loans:

• Flexible income documentation
• Loan amounts comparable to traditional financing
• Available for primary homes, second homes, and investment properties
• Competitive fixed and adjustable-rate options
• Down payments starting as low as 10% (depending on qualifications)

What to Expect

While rates may be slightly higher than conventional loans, many borrowers find the flexibility well worth it. Approval is based on:

• Consistent bank deposits
• Credit profile
• Down payment amount
• Overall financial strength

If you’re self-employed and wondering how much home you qualify for, let’s review your bank statements and explore your options.