Self-Employed
Bank statement loans — built for how you really earn.
Use 12 or 24 months of bank deposits to qualify, instead of two years of tax returns that don't tell the whole story.
10%
Min down
12 / 24 mo
Statements
660
Min FICO
Up to $3M
Loan size
Best fit for
- Business owners with strong cash flow but heavy write-offs
- 1099 contractors with two-plus years of consistent deposits
- Real estate agents and commission-based earners
Worth knowing
- Rates run above conventional — usually a defensible trade
- We need clean, consistent deposit patterns
- Reserves (a few months of PITI in the bank) often improve pricing
Questions we hear
- Who is this loan really for?
- Self-employed borrowers whose tax returns don't reflect their true income — business owners writing off heavily, 1099 contractors, real estate professionals, freelancers.
- Personal or business accounts?
- Both work. Business accounts typically apply a 50% expense factor; personal accounts use the deposits more directly. We'll model both to see which qualifies you for more.
- Does the rate hurt?
- Bank statement loans price above conventional. For most borrowers, the math still works because they wouldn't qualify on returns alone — and they can refinance to conventional later.