Bank Statement loans are a viable solution for those who are fully self-employed or those who have a combination of W2 and self-employment income. Instead of using W2s, paystubs, or tax returns, this program accepts 3, 12, or 24 months of personal or business bank statements to document income.

Bank Statement Loan Criteria:

  • You are a business owner, freelance employee, consultant, contract worker, independent contractor, sole proprietor, gig worker, realtor, entrepreneur, or retiree.
  • Your source of income changed from being a W-2 wage earner to self-employed in the last 12 months and you have remained in the same line of work.
  • You have consistent deposits into a business or personal account from your business.
  • You have documentable assets that can be liquidated.
  • You will not qualify using tax returns for a conventional qualified mortgage.
  • You would like to use the income from an investment property.
  • The minimum loan amount is $100,000.

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