Built for Self-Employed Borrowers
No Tax Returns Required
Many bank statement programs allow borrowers to qualify using 12–24 months of bank deposits, eliminating the need for traditional tax return income calculations.
Self-Employed Friendly
Bank statement loans are designed for business owners, freelancers, contractors, and entrepreneurs whose tax returns may not reflect their true earning power.
Income Based on Cash Flow
Rather than focusing solely on taxable income, lenders review consistent deposits and cash flow patterns to estimate qualifying income.
Flexible Financing Options
Bank statement loans offer purchase, refinance, and cash-out options, with fixed-rate, adjustable-rate, and interest-only programs available.
frequently asked questions
Because they use alternative income documentation, bank statement loans often have higher rates and qualification costs than conventional financing, but can provide access to financing when traditional loans are not an option.
Yes. Bank statement loans may be used for rate-and-term refinances, cash-out refinances, and home purchases, depending on program guidelines.
Many programs require a minimum credit score of 620, though higher scores often qualify for better rates and terms.
A bank statement loan allows borrowers to qualify for a mortgage using bank deposits instead of tax returns, making it a popular option for self-employed individuals.
These loans are often ideal for business owners, freelancers, independent contractors, and self-employed borrowers whose tax returns show significant write-offs.
Most programs require 12 to 24 months of personal or business bank statements to establish qualifying income.
