Self-employed? Your bank statements can qualify you.
If your tax returns don't tell the full story, a bank statement loan may be the path to homeownership or your next investment.
See If You QualifyWho it's for
- Business owners and entrepreneurs
- 1099 contractors and freelancers
- Gig economy workers (rideshare, delivery, etc.)
- Borrowers with significant write-offs on tax returns
- Anyone with strong deposits but "low" reported income
How it works
Instead of tax returns and W-2s, lenders review 12–24 months of bank statements to calculate your qualifying income based on deposits. This gives a more accurate picture of your actual cash flow.
Programs vary — some use personal statements, others business statements with an expense factor. I'll find the right fit for your situation.
Documents you'll need
- ✓ 12–24 months personal or business bank statements
- ✓ Government-issued ID
- ✓ Proof of business ownership (if applicable)
- ✓ Credit report authorization
- ✓ Purchase contract or property details (if under contract)
Bank statement loan FAQ
Who qualifies for a bank statement loan?
Self-employed borrowers, business owners, freelancers, 1099 contractors, and gig workers who have strong bank deposits but may not show high income on tax returns.
How many months of statements are needed?
Most programs require 12–24 months of personal or business bank statements. I'll match you with the right program based on your deposit history.
What deposit percentage is used?
Lenders typically use a percentage of total deposits (often 50–100% depending on the program) to calculate qualifying income.
Are rates higher than conventional?
Bank statement loans may have slightly higher rates than conventional loans, but they open the door for borrowers who otherwise wouldn't qualify. I'll show you the full picture.
Can I use business or personal statements?
Both options exist depending on your business structure. Some programs use personal statements only; others use business statements with an expense factor.
Ready to get started? Let's make your move simple.
Schedule a free consultation or start your application today.