Let your cash flow tell the story.
For self-employed borrowers, a tax return does not always tell the whole story. Explore mortgage programs that review eligible deposits in personal or business bank statements.
Could this fit your plans?
- You earn income through a business or self-employment.
- Your bank statements may better reflect your ongoing cash flow.
- You want to compare purchase or refinance options with a loan officer.
What to have ready
Your exact checklist depends on the lender and your situation. A helpful starting point:
- Personal or business bank statements for the period the lender requests.
- Information about your business, ownership, and operating expenses.
- Property details and evidence of funds for your down payment or closing costs.
How lenders review this loan
These lender-specific examples show details that can shape your options. Your loan team will help you compare the requirements for your situation.
A statement history
The example program considers 12 or 24 months of personal or business bank statements.
Business verification
Be ready to document your business ownership, its existence, and your self-employment history.
Qualifying deposits
Transfers and business expenses affect the calculation. Total deposits are not automatically the income used to qualify.
A clear path forward.
Tell us what you have in mind
Start with your goal, property plans, and how you document income. Your loan team will help identify the relevant programs.
Review options with your loan officer
Compare the documentation, estimated costs, and payment structure. Understand what the lender needs before you move forward.
Build your application together
Your team guides you through the requested documents, lender review, and remaining steps toward closing.
Questions about bank statement loans?
Can I use business or personal statements?
Some programs accept personal statements and others accept business statements. The lender’s method for calculating qualifying income and reviewing expenses can differ.
Is a bank statement loan the same as a P&L-only loan?
No. Bank statement programs review eligible deposits; P&L-only programs use a profit and loss statement under different lender requirements. Our investor-purpose P&L-only offering is available through RatePricer.
Do I still need a credit and property review?
Yes. Alternative income documentation does not remove credit, asset, or property requirements. Your loan team will provide a checklist for the program you choose.
Let’s find the right next step.
Start with a few details, then work with our loan team to compare your options.
Programs are subject to lender availability, borrower and property eligibility, and underwriting approval. This information is not a commitment to lend.