Qualify for a mortgage without tax returns or W-2s.

If you’re self-employed, you know how frustrating it can be to prove your income to a traditional mortgage lender.

You might make great money — but after tax write-offs and deductions, it can look like you earn far less than you actually do on paper.

👉 That’s where bank statement loans come in.

They’re built for business owners, freelancers, and 1099 earners who want to qualify based on their real cash flow — not just what shows up on a tax return.

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✅ What Is a Bank Statement Loan?

A bank statement loan is a type of non-QM mortgage that allows you to qualify using 12–24 months of personal or business bank statements instead of W-2s or tax returns.

Lenders use those statements to calculate your average monthly deposits — giving a clearer picture of your actual income.

🧠 No tax transcripts. No explanation letters. Just your real deposits and spending habits.

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🧠 Who Are Bank Statement Loans Best For?

This type of loan is ideal for:

• Self-employed business owners
• Independent contractors or 1099 earners
• Gig economy workers and freelancers
• Entrepreneurs and startup founders
• Anyone with large deductions or variable income

Even if your tax return shows a low net income, you may still qualify based on gross deposits.

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📊 How It Works

You’ll Typically Need:

• 12 or 24 months of consecutive bank statements
• Proof of business ownership or 1099 status
• A credit score of 600–680+ (varies by lender)
• A down payment of 10–20%
• Stable deposits and cash flow

We’ll help calculate qualifying income using lender-approved formulas — and help position you for approval.

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💳 Credit & Reserve Requirements

Most bank statement loans require:

• Minimum credit score around 620
• 12 months of reserves (savings or liquid assets) in some cases
• No recent bankruptcies, foreclosures, or major credit issues

That said — flexibility is the name of the game.
Many lenders make exceptions based on the strength of your bank deposits and business performance.

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🧮 What Kind of Income Can Count?

We’ll help you qualify using:

• Personal account deposits (if business income flows through)
• Business accounts (adjusted to account for expenses)
• Multiple accounts, if needed
• Seasonal or fluctuating income, averaged over 12–24 months

💬 The goal is to tell the full story of your income — not just the line item on a tax return.

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🏢 Why PRMI?

At PRMI, we specialize in helping self-employed borrowers get approved without frustration.

We offer:

• Flexible bank statement loan programs (12- or 24-month options)
• Fast underwriting from teams who understand entrepreneurship
• Side-by-side comparisons to see if non-QM or traditional fits better

You run a business — we’ll help you run the numbers.

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👇 Want to Qualify With Bank Statements Instead of Tax Returns?

Let’s review your deposits and credit — and show you what kind of loan you actually qualify for based on your real income.