Purchase Loans

Bank Statement Loans

If you're self-employed, your tax returns may show far less income than you actually bring in — because you're writing things off the way you should. Bank statement loans let you qualify using your actual bank deposits instead, giving lenders a more accurate picture of your real cash flow.

Depositsused to calculate income

Self-employedborrowers primary audience

No tax returnsrequired to qualify

Purchaseand refinance options available

Bank Statement Loans Options

Bank Statement Purchase

Buy a home using your deposit history instead of tax returns
Available for primary residences, second homes, and some investment properties
A practical alternative for self-employed buyers who write off a lot

Great for

Self-employed buyers with strong cash flow but modest taxable income
Business owners who rely on write-offs

Bank Statement Refinance

Refinance your existing mortgage using bank statements for income
Rate-term and cash-out options available
No need to use tax returns that don't reflect your actual income

Great for

Self-employed homeowners looking to lower their rate or access equity
Borrowers restructuring their loan without traditional income documentation

Business Bank Statement Path

Use deposits from your business operating accounts
A business expense factor is applied to estimate net income
Works well when your business income flows clearly through one or two accounts

Great for

Business owners with a clean operating account
Borrowers whose income runs through their LLC or S-corp

Personal Bank Statement Path

Use personal checking or savings deposits to qualify
Income is calculated from the deposit pattern in your personal accounts
A good fit when business and personal finances are kept separate

Great for

Self-employed individuals paid directly to personal accounts
Contractors and sole proprietors with clear personal deposit history

How Bank Statement Loans Work

Lenders review your bank statements — typically 12 to 24 months — and calculate your qualifying income based on your average deposits.

Business account statements and personal account statements may be treated differently, depending on the program.

The consistency and cleanliness of your deposit history matters. Regular, recurring deposits tell a stronger story.

Bank Statement Loans FAQ

Why can't I just use my tax returns?

Many self-employed borrowers write off significant business expenses, which lowers their taxable income on paper — but doesn't reflect what they actually earn and spend. Bank statement loans use your real deposit activity instead.

How many months of bank statements will I need?

Most programs require 12 to 24 months of statements. Providing more history and showing consistent deposits will generally work in your favor.

Can I use this loan for an investment property?

Some bank statement programs extend to investment properties, though the requirements are typically more involved. We can walk through the options that fit your situation.