Qualify on what lands in your account, not your tax return.
A bank statement loan can help self-employed borrowers qualify for a mortgage using bank deposits to document income, instead of the traditional paperwork a bank usually asks for. This works well for anyone whose real earnings do not show up clearly on a tax return.
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One simple application gives us what we need to explore the right mortgage options for your unique situation.
1
Submit the documents
Upload the required documents so we can review your application and move your loan forward.
3
You Choose. We Close
Pick the option that works for you. We handle everything from underwriting to closing.
What a bank statement file needs
Business or personal bank statements
Usually 12 or 24 months of bank statements, depending on the lender and deposit consistency.
Deposits that make sense
Consistency matters more than size. Steady, predictable deposits are preferred, and swings can be explained.
Evidence you own the business
Proof of ownership, such as a business license or CPA letter, depending on the lender.
A credit history the lender can price
Non-QM flexes documentation, not credit. Lenders review your credit closely to set final pricing terms.
A deposit
Generally more than an agency loan requires, since lenders keep these loans on their books.
An explanation for large one-offs
A single unusual deposit is fine. It just needs a sentence explaining what it was.
No rates or figures here on purpose. Yours depend on your credit, the county and the program. A licensed loan officer gives you real numbers on the call.
What to watch for, and we will not bury it
Not every deposit counts
Transfers between your own accounts, loans, and one-off items are usually stripped out before anything is calculated. The qualifying figure ends up lower than the raw total sitting in your account.
Lenders calculate this differently
One lender will use a fixed expense assumption; another will want your accountant to state it directly. The same set of statements can produce very different qualifying numbers depending on who is reading them.
Pricing is higher than agency lending
You are paying a bit more for a lender that will actually take the time to read your income properly. It is worth comparing against simply waiting a year and filing your taxes differently.
Nadeem Bhatti
Where we place bank statement loans
Maryland
Virginia
Washington DC
North Carolina
Texas
We are a mortgage company serving these areas. We do not keep a branch in each one. Every mortgage loan is worked from 8115 Maple Lawn Blvd, Suite 350, Fulton, Maryland.
What business owners ask first
Do I need tax returns?
No. That is really the entire point of this product. Your deposits are used instead, which is why so many self-employed borrowers turn to self-employed bank statement loans when their tax returns understate their real income.
How many months of statements?
Usually twelve or twenty-four months, though this depends on the lender and how steady your deposits look. Some lenders offering bank statement loans for self-employed borrowers may accept a shorter window if your income pattern is especially consistent.
Can I use personal statements?
Yes, depending on how your business is structured. Some bank statement home loans accept either personal or business statements, while others want to see both to get a full picture of your income.
Is the rate higher?
Generally yes. A bank statement loan typically carries a slightly higher rate than a conventional mortgage, since the lender is taking on more documentation risk to approve your file this way.
How long do I need to have been self-employed?
Most lenders want to see at least two years of self-employment history, though some bank statement loan program options may work with less if your deposits are strong and consistent.
What counts as income on my bank statements?
Not every deposit counts. Transfers, loans, and unusual one-time deposits are typically excluded from your bank statement loan calculation for self-employed borrowers, so the qualifying number often ends up lower than your total deposits.
Is a bank statement loan the same as a mortgage loan with bank statements alone?
Yes, a mortgage loan with bank statements and a bank statement loan refer to the same basic product. The name simply describes how the lender verifies your income, using your actual deposit history instead of tax returns or pay stubs.
Find out what your deposits qualify
Send us twelve months of statements. We will tell you roughly where you land, free, with no credit pull.