Solutions
Bank-Statement Loans for the Self-Employed
Your tax return is written to lower your taxes. This program reads your real income instead.
Here is the quiet injustice at the center of self-employed lending: the tax code rewards you for lowering your taxable income, and then a conventional lender uses that lowered number to decide you cannot afford a home. Bank-statement loans fix that.
How it works
Instead of your tax returns, we qualify you on your actual deposits — typically 12 to 24 months of bank statements, personal or business. We apply a reasonable expense factor and arrive at an income figure that reflects the cash truly flowing through your business.
Who it is built for
- Business owners and the self-employed
- 1099 and gig-economy earners
- Commission-based professionals
- Anyone whose returns show strong write-offs and understated net income
Pro tip
Bring your business statements if your business account shows the full revenue. The program that reads the right account qualifies you for the most. We will tell you which approach gives you the strongest number before you apply.
This is where “no” most often becomes “yes.” If a lender looked at one line on your tax return and turned you away, they were not reading the whole story. We will.
Common questions
Do I need tax returns for a bank-statement loan?
No. That is the point. We qualify you on your deposits over 12 to 24 months rather than your returns, which is why this program fits borrowers whose returns understate their real income.
Are the rates higher than a conventional loan?
They can be somewhat higher, because the loan is held outside the agencies. For many self-employed borrowers, a loan they can actually get — and refinance later — beats a lower rate they cannot qualify for today.