A Bank Statement loan is a home loan program designed for self-employed/ business owners. For qualification purposes, the lender uses the deposits made into the business owner’s account as the source of income for qualification purposes, instead of using the applicant’s tax returns

The primary difference between these loan types is that the applicant qualifies based on the deposit income in the bank statements, rather than the applicant’s tax returns.

This program allows personal or business bank statements to calculate income without requiring tax returns.

Loans from $150,000 to $3 million

Two years seasoning required for foreclosure, short sale, bankruptcy or deed-in-lieu

Available for purchase, cash-out or rate-term refinance

Primary, second home, or investment properties

Single family, townhomes, or condos

12 or 24 months business or personal bank statement submissions

1099 income option available

Non-warrantable condos allowed

Two years of self-employment required

40 year fixed interest-only available*