A bank statement loan is a type of mortgage that’s designed for self-employed individuals or business owners who might not have traditional income documentation like W-2s or pay stubs. Instead of using tax returns, lenders use bank statements—usually from the last 12 to 24 months—to verify your income and ability to repay the loan.
A bank statement loan is a type of mortgage that’s designed for self-employed individuals or business owners who might not have traditional income documentation like W-2s or pay stubs. Instead of using tax returns, lenders use bank statements—usually from the last 12 to 24 months—to verify your income and ability to repay the loan.
Flexible income verification – Qualify using 12 to 24 months of bank statements instead of tax returns or W-2s.
Perfect for self-employed borrowers – Ideal for entrepreneurs, freelancers, and business owners with non-traditional income.
Use for home purchase or refinance – Great for buying a new home, refinancing an existing mortgage, or pulling cash out of equity.
Flexible income verification – Qualify using 12 to 24 months of bank statements instead of tax returns or W-2s.
Flexible income verification – Qualify using 12 to 24 months of bank statements instead of tax returns or W-2s.
Use for home purchase or refinance – Great for buying a new home, refinancing an existing mortgage, or pulling cash out of equity.
Bank statement loans are tailored for entrepreneurs, freelancers, and small business owners whose true income is often hidden by tax strategies. Instead of relying solely on tax returns, lenders review your 12–24 months of bank statements to gauge your business’s real cash flow, giving you credit for the revenue you’re actually earning. Whether you’re buying property, refinancing debt, or accessing capital, this approach helps you qualify based on what your business makes, not just what’s on paper.
Ideal for contractors, consultants, and high-earning business owners, bank statement loans unlock financing when traditional options fall short. If your deposits show strong revenue but your tax returns don’t tell the full story, this solution bridges the gap: helping you secure funding at competitive terms.
Lenders will review 24 months of personal and/or business bank statements to verify income stability. This helps assess cash flow instead of relying solely on tax returns.
A current P&L statement demonstrates your business’s revenue, expenses, and profitability. This provides lenders with a clear snapshot of your financial health.
A 10% down payment reduces lender risk and shows your commitment to the investment. Some programs may allow lower down payments with stronger qualifications.
Reserves (typically 3-6 months of mortgage payments) prove you can handle unexpected expenses. This requirement varies based on loan type and property.
A 620 FICO score is the baseline for most bank statement loans. Higher scores can secure better rates and terms
A debt-to-income ratio under 45% ensures you can manage monthly payments. Some lenders may accept higher DTIs with compensating factors.
Licenses, LLC/incorporation papers, and tax IDs validate your business’s legitimacy. These documents help streamline the underwriting process.
A valid driver’s license, passport, or state ID is required for identity verification.
Submit legal documents (e.g., EIN letter, LLC filing) confirming your business ownership.
Recent utility bills, lease agreements, or mortgage statements to confirm your current address.
Provide personal or business bank statements to verify income and cash flow, usually for 12–24 months
A credit report showing a minimum 620 FICO score for loan eligibility.
Skip the tax returns—qualify with bank statements instead!
If you’re self-employed or a business owner, our bank statement loans use your cash flow to secure financing. Fill out the form below to unlock a faster, simpler path to your real estate goals!
A DSCR loan (Debt Service Coverage Ratio loan) is financing based on a property’s income, not your personal earnings. Lenders check if the property’s cash flow (NOI) can cover the loan payments by calculating the DSCR ratio. A ratio of 1.0 or higher means it’s a good fit. Perfect for investors relying on rental income
Read More >
A fix & flip loan is short-term financing that lets real estate investors quickly buy a property, fund renovations, and sell it for profit. Unlike traditional mortgages, these loans are all about speed; you get fast approval and funding, but typically pay higher interest rates (often 8-12%).
Read More >
ITIN loans provide a path to homeownership for non-U.S. citizens and residents who don’t have a Social Security number (SSN) but have an Individual Taxpayer Identification Number (ITIN). These loans allow borrowers to purchase, refinance, or renovate properties using their ITIN instead of an SSN, making homeownership accessible to immigrants, foreign nationals, and undocumented individuals who pay U.S. taxes.
Read More >
Rental property financing that evaluates the property's income potential rather than the borrower's personal earnings. Uses the Debt Service Coverage Ratio. Ideal for building long-term rental portfolios.
Read More >
