Bank Statement Mortgage
Simplified Income Verification with a Bank Statement Loan
Instead of using W2s, paystubs, or tax returns, this program accepts 12, or 24 months of personal or business bank statements to document income.
Qualify for a Home Loan Based on Your True Income
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 12, or 24 months of personal or business bank statements to document income.
- Loan amounts up to $3 Million
- Cash out refinance up to $3 Million
- No W-2's, pay stubs, or tax returns required
- 12 or 24 months of bank statements required
- Qualify with personal or business bank statement deposits
- Minimum 600 FICO credit score to qualify
- Maximum 90% loan to value (LTV)
Download Program PDF
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As a seasoned mortgage professional with 25 years of experience and a top 50 ranking in the USA by Scotsman’s Guide, my go-to choice for Non-QM lending is unequivocally Home Express Mortgage. Their unmatched proficiency often makes them my sole option; if they can’t facilitate a deal, it’s likely not worth pursuing. The synergy and understanding they bring to the entire mortgage process are exceptional.
– Eric E.
Why choose our 12/24 Month Bank Statement?
- Proven self employed lending experience
- Qualify using bank deposits, 1099 income or liquid assets
- Free Income Calculation Provided
- Combined Bank Statements Welcome
- No Tax Returns, W-2's or Paystubs Necessary
- Up to 90% СLTV purchase / Up to 80% СLTV cash-out
- Max cash-in-hand $1 million, no limit up to CLTV <55%
Bank Statement Mortgage FAQs
A Bank Statement Mortgage helps self-employed workers find home financing. We offer solutions that do not require tax returns and have flexible ways to qualify for your next home purchase or mortgage refinance.
Self-employed solutions
Bank statement loans offer a convenient solution for self-employed individuals seeking home loans without the need to submit traditional pay stubs and W-2 forms from the previous two years. Instead, lenders evaluate the borrower's bank statements to assess their ability to generate sufficient income, thereby determining their eligibility for a mortgage loan.
Self-employed borrowers will need to submit all required documentation to qualify, such as:
- Proof of Income
- 12 to 24 Months of Personal or Bank Statement
- 1099 Income
- W2 Income
- 2 Years of Self-Employed Work History
- If you co-own a business, you’ll need to document how much of the business you own.
- Borrower Financial Details
- Property Details
A bank statement mortgage loan could be a suitable option if your tax returns don't accurately reflect your income. In reality, many self-employed individuals qualify for other, more traditional mortgage types, even with irregular income.