Bank Statement Mortgage
A Smarter Mortgage Solution for the Self-Employed
Traditional mortgage guidelines can make life difficult for self-employed borrowers, small business owners, or independent contractors. If you don’t have W-2s or traditional paystubs, proving your income might seem impossible.
That’s where our Bank Statement Loan program steps in. Instead of tax returns, you can use 12 or 24 months of business or personal bank statements to qualify. It’s flexible, powerful, and built for entrepreneurs.
Who’s It For?
- 📌 Self-employed borrowers
- 📌 Small business owners
- 📌 Independent contractors
- 📌 1099 earners
- 📌 Borrowers with at least 25% ownership in a business
You don’t need to own the whole business. And yes, P&L statements are also accepted.
Program Highlights
| Feature | Details |
| Max Loan Amount | Up to $4 million |
| Minimum Loan Amount | $150,000 |
| LTV / Credit Score Requirements | Up to 75% LTV – 640+ FICO Up to 90% LTV – 720+ FICO |
| Property Types | Primary, second homes, investment |
| Loan Types | Purchase, Cash-Out, or Rate-Term Refi |
| Documentation | 12 or 24 months’ bank statements |
| Credit Event Seasoning | 2 years (BK, short sale, foreclosure) |
| Residency | Permanent and non-permanent residents allowed |
| Verification Method | 50% default expense factor (or CPA-certified alternate) |
| 1099 Option | ✅ Available |
| P&L Statements | ✅ Accepted |
*Our Bank Statement Loan is your gateway to flexible, responsible financing—without the red tape. Contact us today to get started or learn more: Schedule A Call. Or begin your pre-approval process for this loan option.
Underwriting Notes
- Borrowers can own as little as 25% of the business
- Businesses in high-expense industries (like restaurants) may require a 70% expense factor
- Lower expense factors must be supported by a CPA, tax preparer, or bookkeeping service
- Expense factor is used to estimate income when underwriting without tax returns
Gift Money Rules
- For Primary Residence and Second home loans, the borrower must have 5% down payment of their own funds + 3 months of the total monthly payment in cash reserves of their own funds. Then the rest can be gift money.
- Investment properties require borrower to have 10% down payment of their own funds + 3 months of the total monthly payment in cash reserves of their own funds. Then the rest can be gift money.
Why Choose a Bank Statement Loan?
✅ No tax returns required
✅ Tailored to the realities of self-employment
✅ More flexible than traditional agency guidelines
✅ Great for borrowers with strong cash flow but non-traditional income reporting
Action Steps
📝 Gather 12–24 months of bank statements
📊 Request a P&L statement (optional but helpful)
💬 Schedule a consultation with a mortgage advisor to confirm your best path forward
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Let’s Get You Qualified
Whether you’re a full-time freelancer, startup founder, or contractor, we’re here to help you unlock homeownership on your terms. Our Bank Statement Loan is your gateway to flexible, responsible financing—without the red tape. Contact us today to get started or learn more: Schedule A Call. Or begin your pre-approval process for this loan option.