Qualify with 12 to 24 months of bank deposits instead of tax returns that understate your income.
Typical requirements across our lenders. Apply if you're close and we'll find a fit.
Most programs start at a 660 credit score. Higher scores earn better pricing.
Built for business owners, freelancers, and 1099 earners. We'll confirm how long you've been self-employed.
Debt-to-income limits are usually up to 50%.
Loan amounts from $75,000 up to $3 million.
Expect to show several months of payments in reserves, depending on loan size.
Usually 10% to 20% down. A larger down payment gets better pricing.
Bank statement loans have no mortgage insurance.
Qualify on deposits
Instead of tax returns, the lender averages 12 to 24 months of bank deposits to calculate your income. It's built for business owners whose write-offs lower their taxable income.
Expense factor
With business statements, lenders apply an expense factor to your deposits to estimate profit. We shop lenders for the lowest expense factor, so more of your income counts toward qualifying.
Flexible documentation
Use personal or business statements, or qualify with a profit and loss statement. Some programs need only 12 months of history.
Flexible structure
Lower your monthly payment with interest-only or 40-year amortization options, and close in an LLC if you prefer.
Larger loans
Loan amounts run from $75,000 to $3 million, for primary homes, second homes, and investment properties.
Pull 12 to 24 months of statements and estimate your income with our bank statement calculator.
We calculate your income from your deposits and compare lenders for the best expense factor.
Shop with a pre-approval based on what your business actually earns.
We'll guide you from contract to closing day.
Keep Accounts Separate
Separate business and personal accounts make your income easier to calculate.
Budget for Closing Costs
Expect to pay around 2-3% of the home’s price in closing costs.
Compare Lenders
Expense factors and rates vary by lender. We compare them for you.
Open New Credit Accounts
Taking on new debt can impact your credit score and loan approval.
Make Large Unverified Deposits
Lenders ask you to explain large one-time deposits that aren't business income.
Restructure Your Business
Big changes to your business before closing can complicate your income calculation.
How qualifying on deposits compares with other options.
Bank Statement
Conventional
DSCR
Credit Score
660+
620+
660+
Down Payment
10–20%
3%+ (primary home)
20–25%
Income documents
12–24 months of statements
Tax returns and W-2s
None (rent only)
Best for
Self-employed buyers
W-2 earners
Rental investors
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Qualify with your deposits, not your tax returns.
Guides for self-employed buyers.
You’ve got questions, we’ve got answers
A mortgage that uses 12 to 24 months of bank deposits to calculate your income instead of tax returns. It's designed for self-employed borrowers.
Either. With business statements, lenders apply an expense factor to estimate your profit. You may also be able to qualify with a profit and loss statement.
Usually somewhat higher than conventional loans, because they're non-QM loans. Your credit score, down payment, and loan size drive the rate.
Yes. Bank statement loans work for primary homes, second homes, and rentals. For rentals, a DSCR loan that qualifies on rent may be simpler.
