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Bank Statement Loans
Bank statement loans offer a flexible financing solution for self-employed borrowers who may not qualify through traditional income documentation. By using your bank statements to verify income—instead of tax returns—these loans provide a clear path to homeownership based on your actual cash flow.
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Bank Statement Loan Information
Bank statement loans are a flexible mortgage solution designed for self-employed individuals, business owners, and retirees who don’t fit the mold of traditional income verification. Instead of relying on W-2s or tax returns, these non-qualified mortgage (Non-QM) loans allow you to qualify based on consistent deposits shown in your bank statements. This approach makes home financing more accessible for those with complex or non-traditional income streams—without compromising on loan options or competitive terms.
• Provide 12 to 24 months of personal and/or business bank statements to verify income.
• Lenders average your monthly deposits and assess business stability, factoring in industry, expenses, and structure.
• If using both personal and business accounts, statements from each are required.
• A minimum credit score of 620 is typically needed, with better rates and terms available to those with scores of 700+.
• Minimum Requirement: Most lenders require at least 12 months of statements. Submitting 24 months can help improve your terms.
• Business vs. Personal Statements: Lenders may prefer business statements. If only personal statements are used, they may only consider a portion of your deposits.
• Additional Documentation: Some programs require a Profit & Loss statement (P&L) prepared by a CPA to support your application.
If you’re self-employed and looking for a mortgage that aligns with how you earn, a bank statement loan may be the perfect fit.
It puts your real income front and center—without the burden of tax return documentation.
At Bravo Mortgage, our experts are ready to walk you through your options and help you find a custom mortgage that supports your goals.
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We understand that every dream is unique and personal. If you're ready to take the next step or simply have questions.
