Bank Statement Loans
For self-employed borrowers who qualify using 12‑24 months of personal or business bank deposits. No tax returns required. Perfect for business owners, freelancers, and independent contractors.
Bank Statement Loan Guidelines
Loan Parameters
- Min Loan Amount$150,000
- Max Loan Amount$3,000,000
- Loan Terms30 year fixed / ARM
- Statement Period12 or 24 months
- Max LTV (Purchase)75%
- Max LTV (Cash-Out)70%
Borrower Requirements
- Min Credit Score640
- Self-Employed Min2 years in business
- Tax ReturnsNot required
- Entity VestingLLC / Corp OK
- Reserves Required3–6 months PITIA
Income Calculation
- Personal Statements100% of deposits counted
- Business Statements50% expense factor applied
- Non-Income DepositsExcluded (transfers, gifts)
- CPA LetterMay be required
- OccupancyPrimary, Second Home, Investment
Why Choose a Bank Statement Loan?
No Tax Returns
Qualify using bank deposits – no tax returns, W-2s, or pay stubs required.
Personal or Business Statements
Use 12 or 24 months of personal or business bank statements to qualify.
Self-Employed Friendly
Designed specifically for business owners, freelancers, and independent contractors.
Competitive Rates
Rates comparable to conventional loans for qualified borrowers.