Bank Statement Loans
Built for business owners the banks misunderstand.
Built for self-employed borrowers whose tax returns don't reflect their true cash flow. Instead of W-2s and tax transcripts, qualifying income is calculated from 12 or 24 months of personal or business bank statement deposits. Average monthly deposits are totaled over 12 or 24 months and an expense factor is applied (a standard percentage, or your CPA's documented expense ratio) to arrive at qualifying income — no tax returns required.
Sample Starting Rate
rates starting around 7.625%
APR: Request a personalized quote.
*Sample rate for a well-qualified borrower (740+ credit score, 75% LTV); your actual rate depends on credit, loan amount, property type, and documentation. Request a personalized quote.
Program Highlights
- 12-month or 24-month personal or business bank statement options
- No tax returns, no W-2s, no 4506-C income verification
- LTVs up to roughly 80–90% depending on program tier, credit score, and documentation type
- Loan amounts from conforming-size up through jumbo
- Available for primary residence, second home, and investment property
- Purchase, rate-and-term refinance, and cash-out refinance all eligible
- Self-employed for as little as 2 years considered
- Gift funds and down payment assistance may be combinable depending on loan parameters
Best For
- Business owners, freelancers, and gig workers
- 1099 contractors whose write-offs hide their real income
- Self-employed borrowers with strong deposits but low taxable income
What You'll Need to Qualify
- 12 or 24 months of personal or business bank statements
- Self-employed for as little as 2 years
- LTVs up to roughly 80–90% depending on tier and credit
- No tax returns, W-2s, or 4506-C required
Guidelines vary by lender and borrower profile. All loans subject to underwriting approval. Not a commitment to lend.
Good to Know
24-month bank statement programs generally price better than 12-month, and business statements paired with a CPA letter can improve your qualifying income versus the standard expense ratio — ask what documentation path gets you the best rate.
Common Questions
Do you look at my tax returns at all?
No — qualification is based entirely on bank statement deposits, not tax returns.
Personal or business statements — which is better?
Either can work; business statements with a CPA-prepared expense letter often qualify for a higher income figure.
How long do I need to have been self-employed?
Typically a minimum of 2 years, though stronger files may have flexibility.
Can I do a cash-out refinance with this program?
Yes, cash-out is available subject to LTV and credit guidelines.