🧾 Bank Statement Mortgage Loans
“No tax returns. No W-2s. Just your bank deposits.”
📘 What Is a Bank Statement Loan?
A Bank Statement Loan is a type of non-QM mortgage that lets you qualify using personal or business bank statements instead of tax returns. These loans are ideal for self-employed borrowers, freelancers, contractors, or business owners who may write off a large portion of their income — but still earn plenty to afford a mortgage.
✅ Why Use a Bank Statement Loan?
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📄 No tax returns or W-2s required
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✅ Qualify using 12–24 months of personal or business deposits
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🏠 Available for primary, second home, or investment property
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💼 Perfect for self-employed, 1099 workers, and entrepreneurs
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🔒 Fixed or adjustable-rate options available
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💰 Loans often go up to $3M+, depending on lender
🧾 How It Works
Instead of using your adjusted gross income, lenders review your monthly deposits to determine your qualifying income. You may use:
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12 or 24 months of business bank statements
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12 or 24 months of personal bank statements (if income is deposited directly)
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CPA letter, P&L, or expense factor may be required for business accounts
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No need to provide pay stubs, tax returns, or traditional income docs
🧑💼 Who Qualifies?
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✅ Self-employed or 1099 earners (at least 2 years in business)
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✅ Credit score typically 620–660+ depending on LTV
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✅ Minimum down payment 10%–20%
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✅ Must show consistent income via bank deposits
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✅ Some lenders accept co-signers, gifts, or multiple accounts
📊 Bank Statement Loan vs Traditional Mortgage
| Feature | Bank Statement Loan | Traditional Mortgage |
|---|---|---|
| Income Verified By | Bank statements | Tax returns, W-2s, pay stubs |
| Best For | Self-employed, business owners | Salaried/W-2 employees |
| Credit Score | 620+ (varies) | 620+ (FHA), 680+ (Conventional) |
| Down Payment | 10%–20% | 3%–20% |
| Max Loan Amount | Up to $3M+ | Conforming loan limits |
| Interest Rates | Slightly higher | Lower for full-doc borrowers |
🧠 Common Questions
How many months of bank statements do I need?
Most lenders require 12–24 months of consistent deposits.
Can I use personal or business accounts?
Yes — either can work. Business accounts may require a CPA-prepared P&L or expense factor.
Can I use this loan for an investment property?
Yes! Many lenders allow bank statement loans for primary, second homes, and rental properties.
Can I refinance with a bank statement loan?
Absolutely. You can do rate/term or cash-out refinances using bank statements.
🔗 Related Pages
📞 Flexible Lending for Self-Made Buyers
Whether you’re a freelancer, LLC owner, or high-performing 1099 contractor — we’ll help you qualify using income that actually reflects your success.
🔵 [Start My Application]
📞 [Talk to a Loan Advisor]
🔒 Disclosure
This is not a commitment to lend. All loans are subject to credit approval, lender guidelines, and verification of income through bank statements. Not all applicants will qualify. Additional terms, documentation, and reserves may be required.