Bank Statement Loans for Self-Employed Borrowers
You built the business.
Let’s build your path home.
Your tax returns may not tell the whole story of your business income. Eligible self-employed borrowers may qualify using personal or business bank statements. We compare available lender options and help you understand which path fits your goals.
Explore My Bank Statement Options
Available options and qualifying requirements vary by lender and program.
Your deposits tell part of the story.
A bank statement mortgage uses eligible bank deposits to help document income instead of relying on tax returns for that income calculation. It may fit business owners, freelancers, contractors and other eligible self-employed borrowers.
Lenders review where deposits come from, income trends and applicable business expenses. Transfers between your own accounts and other non-income deposits are not automatically counted.
Credit, debts, the property and your ability to repay still matter. The lender determines the final qualifying income.
From deposits to qualifying income
Illustrative business-statement example
- Average eligible monthly deposits
- $20,000
- Assumed business expenses: 50%
- −$10,000
- Illustrative monthly income
- $10,000
Assumes 100% business ownership. Actual expense methods, ownership adjustments and income calculations vary. This example is not an approval or an estimate of your borrowing amount.
Personal statements. Business statements.
We help identify which available approach fits how you receive and manage your income.
Personal bank statements
Used to evaluate eligible deposits into personal accounts and their sources. If a personal account is used for business activity, the lender may apply business-expense adjustments.
Business bank statements
Used to evaluate eligible business deposits, expenses and your ownership share. Some programs allow supporting expense documentation from an eligible tax professional.
The statement period depends on the available program and your situation. A longer period is not automatically better; we help compare the options.
What lenders review
| Business history | Length of self-employment, business ownership and income stability. |
|---|---|
| Credit and debts | Your credit profile, existing obligations and proposed mortgage payment. |
| Cash needed | Down payment or equity, closing costs and reserves when required. |
| The property | Property eligibility, intended occupancy and appraisal requirements. |
Start with these documents
- Complete statements for the requested accounts and months, including every page.
- Proof of your business, ownership and self-employment history.
- Information about debts, available funds and your homebuying or refinance goals.
- Expense support or explanations of deposits, if the lender requests them.
Your broker will confirm the program-specific checklist and secure submission method.
One business.
More than one lending approach.
We have access to multiple lender options. That gives us more ways to evaluate your situation and help you compare the choices.
Understand the way you earn
Review how your income flows, your business history and the documentation available.
Compare the full picture
Consider qualifying income, rate, APR, fees, cash needed and program requirements together.
Choose a path that fits
Being self-employed does not automatically mean you need a bank statement loan. We can evaluate conventional financing too.
Your questions, answered.
Clear answers to the details that can make a difference.
Do I need tax returns?
Bank statement programs may allow eligible self-employed income to be documented without tax returns. Other documentation is still required, and requirements can differ for additional income sources, co-borrowers and specific programs.
Does every deposit count as income?
No. Lenders evaluate the source and eligibility of deposits and applicable business expenses. Transfers, borrowed funds and other non-income deposits are not automatically qualifying income. Ownership and income trends may also affect the calculation.
How long do I need to be self-employed?
Required history varies by lender and program. Your business experience, ownership and available documentation matter. We review your situation rather than assume one rule applies to every option.
What down payment or credit score is required?
Requirements vary with the program, credit profile, property, occupancy and loan purpose. Your broker can explain available options and compare the down payment or equity, closing costs and reserves needed.
Can I buy a home or refinance?
Available programs may support a home purchase, a rate-and-term refinance or a cash-out refinance. Property and occupancy eligibility, equity requirements and other terms vary by lender.
Could conventional financing be a better fit?
Yes. Many self-employed borrowers qualify for conventional financing. We can compare available documentation approaches, costs and requirements before recommending a path for your situation.
Let’s look at the way you earn.
Tell us about your business and your home financing goals.
Loan availability is subject to lender guidelines, credit and property approval. Requirements, rates and fees vary by program and may change. Your broker will explain the options available for your situation.