Bank Statement Loans for Self-Employed Homebuyers

Not every borrower fits neatly into the box of tax returns and W-2s. If you’re self-employed, a freelancer, or a business owner, Bank Statement Loans offer a flexible alternative. These loans let you use 12–24 months of bank statements instead of traditional income documentation—making homeownership more accessible for hardworking entrepreneurs. Get started now with a lender who understands the self-employed journey.

What are Bank Statement Loans?

A Bank Statement Loan is a type of non-QM (non-qualified mortgage) loan designed for borrowers who don’t have consistent pay stubs or tax returns to prove income. Instead, lenders evaluate your monthly deposits from personal or business bank accounts to determine qualifying income. This method works especially well for business owners whose adjusted gross income on tax returns doesn’t reflect their true earning power. Explore more flexible non-QM solutions here.

Who Qualifies for a Bank Statement Mortgage?

Bank Statement Loans are built for self-employed individuals, contractors, gig workers, and small business owners. You may qualify if:

• You’ve been self-employed for at least 2 years
• You can provide 12–24 months of consistent deposits
• You have a strong credit history or compensating factors
• You’re looking to avoid the tax return route

If you’ve been told “no” because your write-offs lowered your tax return income, this type of loan may open new doors. Connect with us to find out if you qualify.

Bank Statement Loan Requirements

Lending requirements can vary, but most Bank Statement Loans follow these general guidelines:

• Credit Score: Typically 620+, though some programs are more flexible
• Documentation: 12 or 24 months of bank statements (business or personal)
• Down Payment: Minimum 10% down (higher for jumbo amounts or lower credit)
• DTI Ratio: Based on calculated income from deposits—not tax returns

Let’s break down your bank statement history and explore your real purchasing power. Start your path to homeownership today.

Why Choose a Bank Statement Loan?

Many business owners earn enough to afford a home—but deductions, write-offs, and reinvestments reduce their reported income. With a Bank Statement Loan, you can:

• Use your real cash flow, not your taxable income
• Buy a home without jumping through W-2 or tax hurdles
• Keep more of your deductions while qualifying to buy
• Access competitive rates through niche lenders

If your CPA strategy is limiting your mortgage approval, let us tailor a plan that fits your actual income story. Learn more about the loan process here.

Purchase or Refinance Options

Bank Statement Loans aren’t just for new purchases. They can also be used to refinance existing loans—giving you a better rate, cash-out options, or a more manageable payment. This can be especially helpful for self-employed borrowers whose financials have grown over time but are not yet reflected in their taxes.

Whether you’re buying a home, refinancing to pull cash out, or simply looking for a better loan fit, we’ll help you explore all your options. Learn about refinancing here.

What Types of Properties Are Eligible?

Bank Statement Loans can be used for:

• Primary residences
• Second homes
• Investment properties
• Single-family homes, condos, and 2–4 unit properties

Loan limits and terms may vary based on property type and occupancy, but our team will walk you through it all. Compare all loan types here.

We Specialize in Non-Traditional Lending

The JD.Mortgage team understands that not everyone fits the same mold. We specialize in helping clients who’ve been denied elsewhere—often simply because traditional guidelines don’t fit their situation. Our lenders work with real-world borrowers to find real-world solutions. See how we’re different when it comes to non-QM loans.

Let’s Find a Solution That Works for You

You’ve worked hard to build your business—now let your bank statements work for you. Whether you’re buying your first home, scaling up, or just exploring options, we’ll help you get clarity and confidence.

We also offer specialized loans across all borrower types: VA, FHA, USDA, Down Payment Assistance, Investment, Non-QM, HELOCs, Second Mortgages, Reverse, Construction Loans, and more. You can also visit our homepage or contact us directly here.