Bank Statement Loan Program for Self-Employed Borrowers
Qualify using 12 months of bank statements — no tax returns required.
Get Pre-Qualified for a Bank Statement Loan Today
Flexible underwriting. Investment options available. Get pre-qualified today.
What Is a Bank Statement Loan?
A bank statement loan is a Non-QM mortgage program that allows borrowers to qualify using business or personal bank statements instead of traditional tax returns.
Lenders review deposits over a 12-month period and apply an expense factor based on business type to determine qualifying income.
This program is ideal for self-employed borrowers whose income is reduced on tax returns due to deductions.
Bank Statement Loan Features
- 12-month bank statement qualification
- Primary residence & second home allowed
- Investment properties allowed
- Flexible documentation
- Available for self-employed borrowers
Bank Statement Loan Requirements
To qualify for a conventional loan, most lenders evaluate:
Occupancy
Primary residence Second home Investment property
Credit & Down Payment
10% down – 740 credit score 15% down – 700 credit score 20% down – 640 credit score
ITIN Borrowers
15% down – 700 minimum score 20% down – 660 minimum score
Investment Properties
20% minimum down payment
Why Work With USA Loans?
We specialize in helping self-employed borrowers get approved.
- Experience in Non-QM programs
- Personalized structuring guidance
- Clear documentation checklist
- Fast underwriting review
- Transparent communication
Bank Statement Loan FAQs
Common questions about Bank Statement Loan
Do I need tax returns?
No. Qualification is based on bank statements instead of tax returns.
How many months of bank statements are required?
Typically 12 months of business or personal bank statements.
Can I use this program for an investment property?
Yes. Investment properties are allowed with qualifying down payment.
Is this considered a Non-QM loan?
Yes. Bank statement loans fall under Non-QM mortgage programs.
