Loan programs · Bank Statement
Bank Statement & Asset-Based Loans
Qualify using bank deposits or liquid assets instead of tax returns. A practical path for self-employed borrowers to show the true cash flow of their business.
Takes about 2 minutes. A quick inquiry, not a loan application.
Who it's for
Often a fit for self-employed borrowers and those with non-traditional income.
Many self-employed professionals, business owners and independent contractors have strong financial positions but show lower taxable income because of business deductions.
Business owners
Use business or personal bank statements to demonstrate income. You do not have to own 100% of the business.
Freelancers and contractors
Lenders review deposits over a set period to determine qualifying income, which helps when income varies from month to month.
Real estate buyers of all kinds
Programs can be used for owner-occupied homes, second homes and non-owner-occupied properties.
The details
How bank statement loans work
Bank statement loans are designed for borrowers who may not qualify for traditional mortgages because of the way their income is documented. Instead of tax returns, lenders review your personal or business bank deposits to determine qualifying income. Self-employed borrowers are often underserved by traditional programs; this one provides a path to homeownership or refinancing for credit-worthy borrowers who might not otherwise qualify.
Typical program guidelines (these vary by lender and can change):
- Loan amounts from $150,000 up to $3 million
- 12 or 24 months of business or personal bank statements
- Two years of self-employment
- Two years seasoning after a foreclosure, short sale, bankruptcy or deed-in-lieu
- Business ownership of as little as 50% for business bank statements, or 25% for personal bank statements
- Purchase, cash-out or rate-and-term refinance
- 40 year fixed interest only available
- Non-warrantable condos allowed
Why borrowers choose bank statement loans
- Qualify with bank statements instead of tax returns
- Built for self-employed and non-traditional income
- Flexible credit and income requirements
- For primary, second-home or investment properties
How it works
One conversation. Many lenders. Your choice.
As a broker, we don’t have one loan to sell you. We compare programs across lenders and walk you through the trade-offs in plain language.
Tell us your goal
A short inquiry: what you want to do, and how to reach you.
We review your options
A licensed loan officer looks at programs across our lender network.
You choose
Compare the trade-offs side by side. No pressure to move forward.
We guide you to closing
Application, processing and underwriting, with one team keeping you updated.
I'm self-employed. Can I still qualify?
Often, yes. Bank statement and asset-based programs can use deposits or assets instead of tax returns. Eligibility depends on each program’s guidelines.
What statements do lenders review?
Typically 12 or 24 months of business or personal bank statements, depending on the program and lender.
Do I have to own the whole business?
No. Programs commonly allow partial ownership, with requirements that vary by lender and statement type.
How much do I need for a down payment?
It depends on the program, the property and your situation. We’ll walk you through what each option requires.
What is the difference between pre-approval and pre-qualification?
Pre-qualification gives a general estimate based on the financial information you share. Pre-approval involves a detailed review of your income, assets and credit, which gives you a stronger position when making an offer.
How long does the mortgage process take?
It varies with the loan program and your application. Once we review your situation, a licensed loan officer will walk you through what to expect.
Compare programs
Explore other loan programs
Program availability, eligibility and guidelines vary by lender and may change without notice. All loans are subject to credit approval, underwriting guidelines and property eligibility. This is not a commitment to lend.
See what's possible for your next move.
Two minutes to tell us your goal. A licensed loan officer follows up personally.