Self-Employed & Buying a Home? No Tax Returns Required.

Your business is successful, even if your tax returns don’t show it. Get a FREE quote on a Bank Statement Loan and qualify using your real cash flow.

Talk to a Self-Employed Specialist
OVERVIEW

The Lowdown on Bank Statement Loans…

If you are self-employed, a freelancer, or a small business owner, you know that your tax returns often tell a different story than your bank account. To minimize your tax liability, you likely take advantage of legal deductions—but those same deductions can make it impossible to qualify for a traditional “Full-Doc” mortgage.

Bank Statement Loans are designed to solve this exact problem. Instead of looking at the “net income” on your tax returns, we look at the gross deposits into your personal or business bank accounts over the last 12 to 24 months.

We understand that “cash flow” is the true measure of your ability to pay. By using your bank statements as your primary income document, we can offer you competitive rates and high loan amounts without the headache of tax transcripts.

Benefits

Why Choose a Bank Statement Loan?

No Tax Returns Necessary

We don’t ask for your 1040s. We qualify you based on your average monthly deposits, allowing you to keep your hard-earned deductions.

Personal or Business Statements

Whether you keep your money in a dedicated business account or a personal account, we can use either to calculate your qualifying income.

Higher Loan Limits

Standard loans often cap your buying power. Our Bank Statement programs offer loan amounts up to $3M or $5M, making them perfect for luxury homes.

Fixed & Adjustable Options

Choose the stability of a 30-year fixed rate or the lower initial payment of an ARM—whatever fits your financial strategy.

Fast & Flexible Underwriting

Our specialists are trained to read profit and loss scenarios, meaning we can often clear your income for approval faster than a traditional bank.

Eligibility

Bank Statement Loan Standards

Because we are moving away from traditional documentation, we look for a “strong” borrower profile in other areas:

Requirement Standard Notes
Self-Employment 2 Years Must have owned your business for at least 24 months.
Statements Required 12 or 24 Months 24 months usually yields a better interest rate.
Credit Score 620+ Higher scores (720+) allow for lower down payments.
Down Payment Up to 50% Most borrowers opt for 10% to 20% down.
Debt-to-Income 1 to 5 years We calculate DTI based on your average bank deposits.
Ownership 25%+ You must own at least 25% of the business being used.
IS THIS RIGHT FOR YOU?

Bank Statement Loans Are Ideal For…

Scenario 1: The Small Business Owner
You own a successful local shop. After deductions for equipment, rent, and supplies, your tax return shows very little “profit,” but your bank account shows consistent $20k monthly deposits.
Scenario 2: The 1099 Consultant
You’re a high-earning consultant with multiple clients. A traditional bank sees your 1099s as “unstable,” but we see your 12-month deposit history as proof of a thriving career.
Scenario 3: The Realtor or Broker
Your income is commission-based and fluctuates. By averaging your bank statements over 24 months, we get a fair and accurate picture of your true buying power.
Scenario 4: The Luxury Home Buyer
You need a $2M mortgage. Traditional “Jumbo” loans are notoriously strict about tax returns. Our Bank Statement Jumbo program allows you to secure high-end real estate with ease.

HOW IT WORKS

Calculating Your Income

When you submit your statements, we apply an Expense Factor to determine your qualifying income:

The Deposit Total

usually 12 or 24 months

We add up all your business-related deposits for the period

The Expense Factor

50%

We subtract a standard percentage for business expenses (often 50%, though this can be lower if you have a service-based business with low overhead).

The Result

N/A

The remaining amount is divided by the number of months to get your Monthly Qualifying Income.

Pro Tip: If your business has very low overhead (like a consultant or software developer), providing a P&L statement from a CPA can help us lower your expense factor and increase your buying power!

Bank Statement FAQs

Frequently Asked Questions

Ready to Prove Your Income Differently?

Stop letting tax returns hold you back from the home you deserve. Let us run the numbers on your bank statements.