Purchase loans
Bank Statement Loan
Qualification based on your bank deposits rather than tax returns — built for self-employed borrowers whose cash flow is the real story.
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Bank Statement Loan at a glance
Deposit-based qualification
Eligible bank deposits are used to estimate qualifying income.
12 or 24 months
Statement options depending on structure.
Self-employed friendly
Built for business owners.
Non-QM
Part of the flexible documentation suite.
What is a bank statement loan?
A bank statement loan is designed for self-employed borrowers whose tax returns don’t tell the whole story. Deductions and write-offs can make documented income look smaller than the cash a business actually generates.
Instead of tax returns, qualification centers on eligible deposits from business or personal bank statements over 12 or 24 months, which are reviewed to estimate a qualifying monthly income.
01
Bank statements
02
Eligible deposits reviewed
03
Qualifying income
When a bank statement loan may make sense
For business owners whose real cash flow outshines their tax returns.
01Self-employed borrowers
Business owners with strong, consistent deposits.
02Tax-return friction
Borrowers whose returns understate real cash flow.
03Growing businesses
Owners reinvesting earnings back into the business.
04Complex income
Borrowers who need an alternative to traditional documentation.
Example scenario
See how it could work
The borrower
A self-employed business owner.
The documents
12 months of business bank statements.
The review
Eligible deposits reviewed to estimate qualifying income.
The result
Qualification based on actual cash flow.
Illustrative example only. Actual financing structure, terms, eligibility, and availability vary.
A closer look
How bank statement income is reviewed
A lender reviews eligible deposits across the statement period, setting aside transfers, refunds, and other non-income items. The result is an estimated monthly qualifying income — a picture of real cash flow rather than taxable income.
Business or personal statements may be used depending on how the business is structured.
Frequently asked questions
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Build your scenario and see whether Bank Statement Loan or another mortgage solution may be worth exploring.
Program recommendations are informational until reviewed by an appropriately licensed mortgage professional. All loans are subject to credit and property approval; terms, eligibility, and availability vary.