Bank Statement program is a loan option for eligible self-employed borrowers to purchase or refinance a home. This program allows personal or business bank statements to calculate income without requiring tax returns. The loan can be closed with 2, 3, 6, 12,or 24 months bank statements.
Bank Statement
Bank Statement Loan FAQs
What is a bank statement loan?
A bank statement loan lets self-employed borrowers qualify using bank deposits instead of tax returns and W-2s.
How many months of statements are required?
Lenders typically review 12 to 24 months of personal or business bank statements.
Who is a bank statement loan for?
Self-employed individuals, business owners, and freelancers whose tax returns do not fully reflect their income.
Do I need a down payment?
Yes. Down payment requirements vary by lender and borrower profile.