Bank Statement Loans

Bank Statement Mortgages: The Home Loan for Self-Employed Buyers

Buying or refinancing a home comes with a lot of questions—and we’re here to help you feel more prepared. Use the tools and resources below to explore your mortgage options, crunch the numbers, and get helpful tips from our team.

What is a Bank Statement Loan?
A bank statement loan is a mortgage designed for self-employed individuals and business owners that uses 12 to 24 months of personal or business bank statement deposits to calculate income, rather than standard W-2 forms or tax returns.
How This Helps the Qualified Borrower (The Big Benefits)
  • Keep Your Legal Tax Write-Offs: Small business owners often use legal deductions to lower their net taxable income. Standard loans look at that lower tax number and say "no." A bank statement loan will consider the actual bank deposits to see the true power of the business.
  • No Tax Returns Required: You don't have to print out hundreds of pages of complex business tax filings or corporate schedules.
  • True Income Recognition: Your hard work is measured by the money coming into your business every month, giving you the same buying power as a traditional employee.
How Does a Bank Statement Loan Work?
Instead of looking at the bottom line of your tax returns, we look at the history of your deposits. We take your bank statements from the past year or two, add up your steady business deposits, and use an average to determine your qualifying monthly income. This gives a realistic, fair picture of what you can comfortably afford.
Quick Qualification Checklist for Borrowers
  • Proof that you have been self-employed or owning your business for a steady period.
  • 12 to 24 months of consecutive bank statements (either personal or business accounts).
  • A basic business license or a letter from your accountant verifying your business type.
Is a Bank Statement Loan Right for You?
This option may be a good fit if: You are a business owner, freelancer, consultant, or independent contractor who makes great money but has a complex financial profile that traditional mortgage lenders may not understand.

Loan Program FAQs

Here are answers to common questions about choosing the right mortgage solution.

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