Bank Statement Mortgage Loans
Made Easy!

Who Uses Bank Statement Mortgage Loans and Why?

Bank statement mortgage loans are a game-changer for self-employed professionals, freelancers, and small business owners who don't fit the mold of traditional W-2 wage earners. These loans allow you to qualify based on your business bank statements—typically 12-24 months of deposits—rather than tax returns or pay stubs, making home financing accessible even if your taxable income looks low due to legitimate business write-offs.

Ideal Candidates:

Self-Employed Service Professionals   (e.g., consultants, lawyers, real estate agents, therapists): If your business revolves around services with minimal overhead, you'll likely benefit from a lower expense factor (as low as 15%), which means more of your deposits count as qualifying income. Why? Service-based businesses often have higher profit margins and fewer inventory costs, so lenders can conservatively estimate your expenses without undervaluing your earning power.

Product-Based Business Owners  (e.g., retailers, e-commerce sellers, contractors): For those dealing in goods with higher variable costs like inventory or supplies (like a grocer), expense factors may range higher (up to 30-50%), but it's still far more flexible than traditional underwriting. These loans shine if your cash flow is strong but tax returns show deductions for stock, shipping, or materials.

Freelancers and Gig Economy Workers  (e.g., rideshare drivers, content creators, app developers): Variable income from platforms like Uber or Upwork? Bank statements capture your true deposits, bypassing the hassle of inconsistent 1099 forms.

High-Net-Worth Individuals with Asset-Heavy Portfolios:  Even if your business income fluctuates, we can combine bank statements with asset utilization (also known as asset depletion) to boost your qualifying income—tapping into savings, investments, or retirement accounts for a more complete financial picture. 

New Alt Doc 1-Year Self-Employed Option: 

Fast-Track for New Business Owners

Even if you've just launched your venture, our Alt Doc 1-Year Self-Employed Bank Statement Program bridges the gap. Designed for borrowers transitioning to self-employment in the same professional field (e.g., a corporate consultant going independent), this option qualifies you with just one year of self-employment history using your most recent 12 months of business bank statements. No full two-year track record? No problem—prove your cash flow, and you're in.

Who Qualifies and Why It's a Game-Changer:

• Recent Field Switchers or Startups: Ideal for professionals like marketers, contractors, or therapists who've been self-employed for 12+ months but in the same line of work. Your deposits tell the story, with expense factors starting as low as 15% (service-based) or adjusted for products.
• All Occupancy Types Welcome: Finance your primary residence, second home, or investment property—versatile for personal moves or portfolio growth.
• Robust Financing Limits: Up to 80% LTV for purchases, rate/term refinances, and cash-out refinances. Pull equity for business needs or upgrades without limits holding you back.
• Accessible Entry: Minimum credit score of 660, with the option to combine with asset utilization for even stronger qualifying income.

This program slashes barriers for ambitious newcomers, often closing very fast provided we can get appraisal and title done quickly along with needed items from borrower to kickstart the pre-approval process. Why wait for year two when your momentum deserves funding now? Pair it with our standard bank statement loans for a customized path—contact our team for a quick pre-qual.