Quick highlights
- No tax returns required
- 12 or 24 months of bank statements
- Personal or business statements accepted
- Available for primary, second, and investment
- Up to 90% LTV available
- Credit scores from 620+
How is income calculated?
The lender adds up deposits across 12 or 24 months of statements, applies an 'expense factor' (usually 50% for personal statements, varies for business), and divides to arrive at qualifying income. Stable, consistent deposits work best — large one-time deposits typically don't count.
Who should consider this?
If you're self-employed and your tax returns show $40K in net income but your business actually generates $150K in deposits, conventional financing will only qualify you on the $40K. A bank statement loan can qualify you on the actual cash flow your business generates.
What documents do I need?
12-24 months of bank statements, a profit and loss statement (sometimes), proof of business ownership for at least 2 years, and the standard credit and asset documentation. No tax returns, no W2s, no K-1s.
Ready to see what you qualify for?
Every situation is different. Let's talk through your specific scenario and shop it across our lender network for the best terms.