Being self-employed shouldn't make it harder to buy a home, but traditional mortgage underwriting can be tough on business owners, freelancers, and 1099 contractors whose tax returns show a lot of write-offs. Bank statement loans solve that by qualifying you based on actual bank deposits rather than net taxable income.
If your tax returns don't tell the full story of what your business actually brings in, this is often the more realistic path to qualifying for the loan amount you actually need.
Key Benefits
No Tax Returns Required
Qualify using 12-24 months of personal or business bank statements instead.
Built for Write-Offs
Business deductions that lower your taxable income don't have to work against you.
Flexible for Multiple Income Types
Works for sole proprietors, 1099 contractors, freelancers, and business owners.
Range of Property Types
Can typically be used for primary residences, second homes, and investment properties.
Eligibility at a Glance
- Typically requires 12-24 months of consistent bank statements from personal or business accounts.
- A minimum time in business (often two years) is generally required.
- Down payment requirements are typically higher than for conventional loans.
- Credit and reserves are evaluated as part of underwriting, subject to qualification.
How It Works
A Quick Conversation
We'll talk through your goals, income, and timeline to see how a bank statement loan fits your plans.
Pre-Approval
Once we've gathered your documents, you'll get a clear picture of what you can qualify for — so you can shop with confidence.
From Offer to Closing
I'll guide you through underwriting, appraisal, and closing, keeping you informed at every step.
Frequently Asked Questions
Do I need two years of tax returns for a bank statement loan?
No — that's the point of this program. Qualification is generally based on bank deposits rather than tax returns.
What if my business shows a loss on paper?
That's exactly the situation bank statement loans are designed for — deposits into your account tell a different story than net taxable income after write-offs.
Can I use personal bank statements instead of business?
Often yes, depending on how your business income flows through your accounts — we'll look at what makes the strongest case for your specific situation.
How many months of bank statements are required?
Most programs ask for 12 to 24 months of personal or business bank statements, though exact requirements vary by lender and loan program.
Will I pay a higher interest rate than a conventional loan?
Bank statement loans often carry somewhat higher rates than conventional financing to offset the alternative documentation, though the difference varies by lender and borrower profile.