Bank Statement Loans

Bank Statement Loans are designed for self employed borrowers, business owners, and independent contractors who want to qualify using their actual bank deposits instead of traditional W2s or tax returns. This flexible approach makes home financing more accessible and reflects your true cash flow.

How Bank Statement Loans Work

Instead of relying on personal income reported on tax returns, Bank Statement Loans calculate qualifying income from 12 or 24 months of verified bank deposits. This method provides a clear picture of your financial capacity and simplifies the approval process.

Key Highlights:

• Qualification based on 12 or 24 months of personal or business bank statements

• Competitive loan amounts and terms for purchase, rate and term refinance, and cash out refinance

• Simple, common sense underwriting that evaluates deposits and expense patterns

• Faster pre qualification and review process

Who Benefits from Bank Statement Loans

These loans are ideal for:

• Self employed borrowers, freelancers, and independent contractors

• Business owners with strong cash flow but lower taxable income

• Clients who want an easier, faster approval process without reconstructing income