Your income is real. Your loan should reflect it.
Bank statement loans for self-employed borrowers, business owners, and freelancers. Qualify on your actual cash flow, not your tax return.
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NMLS #2620605
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Self-employed, owners, and freelancers
Write-offs hide real cash flow
Is this loan right for you?
A bank statement loan is a non-QM mortgage that allows self-employed borrowers to qualify using bank deposits instead of tax returns. Because many self-employed borrowers write off significant business expenses, their taxable income on paper may not reflect their actual cash flow. Bank statement loans solve this by analyzing 12 to 24 months of personal or business bank deposits to determine qualifying income.
- Direct access to your officer
- Self-employed, owners, and freelancers
- Write-offs hide real cash flow
- Consistent deposits on bank statements
- Credit score 620 or higher
- Two years self-employment documented
- Qualify without tax returns or W-2s
Key benefits.
Works for self-employed, business owners, freelancers, and gig workers
Personal or business bank statements accepted depending on structure
Available for purchase and refinance including cash-out
Loan amounts up to $3 million depending on borrower profile
Tradeoffs to understand.
- Higher interest rates than conventional or government-backed loans due to non-QM status
- Larger down payment typically required, often 10% to 20% depending on loan amount
- Two years of self-employment history typically required
- Not all lenders offer bank statement loans, availability depends on wholesale channel relationships
- More documentation required than a standard loan, including business license, CPA letter, or business bank statements
Compare your options.
| Feature | Bank Statement | Conventional |
|---|---|---|
| Income documentation | 12-24 months bank statements | Tax returns and W-2s |
| Best for | Self-employed borrowers | W-2 employees |
| Credit score | 620+ typical | 620+ typical |
| Down payment | Typically 10-20% | As low as 3% |
| Interest rate | Higher than conventional | Market rate |
| Loan amounts | Up to $3 million | Up to $832,550 conforming |
| Property types | Primary, second home, investment | Broad |
Income documentation
- Bank Statement
- 12-24 months bank statements
- Conventional
- Tax returns and W-2s
Best for
- Bank Statement
- Self-employed borrowers
- Conventional
- W-2 employees
Credit score
- Bank Statement
- 620+ typical
- Conventional
- 620+ typical
Down payment
- Bank Statement
- Typically 10-20%
- Conventional
- As low as 3%
Interest rate
- Bank Statement
- Higher than conventional
- Conventional
- Market rate
Loan amounts
- Bank Statement
- Up to $3 million
- Conventional
- Up to $832,550 conforming
Property types
- Bank Statement
- Primary, second home, investment
- Conventional
- Broad
What happens next
Once your income is established through bank statements, a conventional refinance may be available later if your tax return income improves.
Cash-out refinance is available on bank statement loans to access equity for business or personal needs.
If you purchase an investment property, DSCR financing may also be worth exploring alongside bank statement options.
Work with your CPA to understand how your income documentation affects both your tax strategy and your mortgage options.
Keep exploring
Explore related paths
All home loan options
Compare purchase programs and find the path that fits your situation.
Browse home loans →Loan type questions
Plain answers on how conventional, FHA, VA, and other programs compare.
Browse loan FAQ →Common questions, plain answers.
Most lenders require 12 to 24 months of consecutive bank statements. A longer history generally strengthens your application and may result in better terms.
Questions about rates or payment?
Self-employed? See your options without a tax return.
No credit pull to get started. We compare your options and explain the tradeoffs.
5.0 Google Rating
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NMLS #2620605
Equal Housing Lender
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