Bank Statement Loans

At a glance

Self-employed borrowers can qualify on deposits — no tax returns. A variable expense factor results in more qualifying income than fixed-percentage programs, and you can choose 12 or 24 months of statements based on what tells your story best.

Program highlights

• 12 or 24 month statements
• Up to 90% LTV
• Variable expense factor
• Business or personal accounts
• No tax returns required
• Self-employed and 1099 borrowers

How funding works

1. Send 12 or 24 months of business or personal bank statements
2. We calculate qualifying income using a variable expense factor
3. Order appraisal and title in parallel — no tax returns required
4. Close in 21–30 days

Worked scenarios

Restaurant owner, 24-mo business statements

Borrower: Self-employed, FICO 720, strong deposits

Property value: $700,000 · Loan amount: $560,000

Outcome: Variable expense factor produces ~$28k/mo qualifying income vs. tax-return-net of $9k/mo.

Why this program

Tax returns understate self-employed income because of legitimate write-offs — bank-statement underwriting looks at gross deposits and applies a realistic expense factor instead.

A variable expense factor (vs. a flat 50%) is one of the biggest differentiators across bank-statement programs — it can swing qualifying income by tens of thousands per year.

Choosing 24 months over 12 typically lowers rate and raises LTV by giving the underwriter a more stable income picture.

Frequently asked

Do I need to provide tax returns?

No — that's the entire point of the program.

Personal or business statements?

Either works; we'll recommend the path that produces the strongest qualifying income.