Bank Statement Loans

Bank Statement Loans: A Simple Option for Self-Employed Buyers

Do you dream of buying a home, but you don't get a regular W-2 paycheck? If you run your own business, do contract work, or earn money from a few places, a bank statement loan may be a good fit.

Watch on Instagram: how self-employed and 1099 buyers may qualify.

Watch on Instagram: why big write-offs can make it harder to qualify.

This loan is built for people whose income doesn't fit the usual boxes. If you have good credit and steady deposits, it may help you buy a home.

How Bank Statement Loans Work

The big difference is how we look at your income. Instead of tax returns, W-2s, or pay stubs, we look at your business or personal bank statements.

Looking at your income: We usually review 12 to 24 months of bank statements. This shows us how steady your deposits and cash flow are.
Figuring your income: We count a set share of your total deposits as your monthly income. That share often runs from 50% to 100%, depending on the type of statements and your kind of business. This gives a clear picture of what payment may fit your budget.
Clear and quick: This approach may make the process faster and simpler for self-employed buyers.

Who Gets the Most Out of a Bank Statement Loan?

These loans are made for people who earn good money but have a hard time proving it the usual way. That includes:

Self-employed people: Business owners, freelancers, and contractors whose tax write-offs make their income look lower on paper.
Small business owners (sole owners, LLCs, S-Corps): People whose income goes up and down or gets paid through their business.
Gig workers: People who earn from several sources, or from one contract with no regular paycheck.
Entrepreneurs: People with complex finances, where bank deposits show their income best.

Why People Choose a Bank Statement Loan

Skip the tax return problem: You may qualify using your total deposits, so big write-offs don't have to hold you back.
Built for your situation: We'll walk you through the costs and terms up front, so you can compare this loan with other options.
More ways to use it: It may work for a main home, a second home, or a rental property.

Ready to Explore Your Options?

Your money story is real, even if your tax returns don't show all of it. If you're self-employed and ready to buy, we're here to guide you through every step.

Ready to start? We'll look at your situation and see if a bank statement loan may help you reach your homeownership goals.

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Who May Be a Good Fit?

If your tax returns do not tell the whole story of what you earn, you are not alone. A bank statement loan may be worth a look if you are:

A small business owner
A freelancer, gig worker or 1099 contractor
Someone with income from a few different sources
Self-employed and writing off a lot of business expenses

What to Have Ready

The big one here is your bank statements, usually covering several months in a row, either personal or business. It also helps to have a photo ID, info on your business, and a list of your monthly debts. We will look at your full situation and let you know what may be needed.

Self-employed and also thinking about a rental? Take a look at our Investor DSCR loans too.

Other Loan Options to Explore

Not sure this is the one? That is totally normal. Here are a few other programs that may be a better match, or you can see them all on our Loan Options page.

Let's Talk It Through

Every situation is a little different, and the details really do matter. Reach out to our team on the Contact page and we will walk you through your options, answer your questions, and help you figure out what may work best for you. No pressure, just straight answers.

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