Bank Statement Mortgage Loan Requirements
What Is a Bank Statement Mortgage Loan?
Non-QM Bank Statement Mortgage Loan Requirements Examples
Bank Statement Mortgage Loan Requirements
What Is a Bank Statement Mortgage Loan?
A Bank Statement Loan is a Non-QM mortgage designed for self-employed borrowers, entrepreneurs, and business owners who cannot provide W-2s or tax returns for income verification. Instead, lenders review 12 or 24 months of personal and business bank statements to determine eligibility.
This loan is ideal for independent contractors, freelancers, and small business owners who maximize tax deductions but maintain strong cash flow.
? Learn More About Self-Employed Mortgage Loans
Loan Requirements for Bank Statement Mortgages
Income Verification
- 12 or 24 months of bank statements required
- Personal and business bank statements must be separate
- CPA-prepared Profit & Loss (P&L) Statement may be required
Minimum Credit Score
- Typically 620-680 depending on loan amount and lender
Loan Amounts
- Up to $4M
Property Types Allowed
- Primary, second homes, and investment properties
? See Profit & Loss Mortgage Loans
Apply for a Bank Statement Mortgage Loan Today
If you need a mortgage without tax returns, apply now for a Bank Statement Loan.
Non-QM Loan Program Terms:
- Up to 90% LTV Purchase with No MI
- Up to 80% LTV Cash Out
- 599 Min FICO
- Self Employed Programs: 1099, Bank Statements, P&L
- 30 Year Fixed & 40 Year Interest Only Available
- Up to $3M Loan Amount
- 1-4 Units, Condos, Manufactured Homes, Rural
- Up to 55% DTI
