Bank Statement Loan
Self-employed? Your bank statements tell the real story.
Bank statement loans allow self-employed borrowers to qualify using 12-24 months of business or personal bank statements instead of tax returns. If you write off expenses and your tax return does not reflect your true income, this program was designed for you.
Check Your OptionsKey Features
- 12-24 months of bank statements accepted
- No tax returns required for qualification
- Higher rates than conventional loans
- 10-20% down payment typical
- Works for W-2 earners with commission or bonus income too
- Available for primary, second home, and investment properties
Who It Is For
Bank statement loans are designed for self-employed borrowers, small business owners, freelancers, gig workers, and independent contractors whose tax returns understate their actual income due to business deductions.
If you have been in business for at least 2 years and have consistent deposits, you may qualify for a bank statement loan. Austin works with self-employed borrowers regularly and can quickly tell you if this program fits.
Explore Related
Self-employed and ready to buy?
Austin specializes in helping self-employed borrowers navigate their options.