Flexible Financing for Entrepreneurs and Business Owners
No tax returns? No problem. Qualify for a mortgage based solely on your bank statements.
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Our Program Highlights
Perfect for business owners and freelancers who need flexible income documentation options.
- Loan Amounts: from $200k up to $10M
- Geography: Nationwide in ALL 50 States
- Property Types: Residential, Commercial
- Occupancy: Primary Residence, Second Home, Investment Property, no operating history required on STRs
- LTVs: Up to 90% (Acquisitions/Rate-Term Refi), 80% (Cash-Out)
- DTI: 50-55%
- Credit Score: 660 minimum
Do You Qualify for this Loan?
Here is what you need in order to qualify for this product. Even if you don’t meet all of these criteria, don’t hesitate to reach out to see how we can help.
You’ll need a 660 score or better to qualify, with flexibility for strong financials.
Down payments start at 10%, depending on credit and loan amount.
You’ll need around 1-3% of the amount you’re financing for closing costs.
Less than 55% of your income should be going to pay debt.
Frequently Asked
Questions
Answers to questions about this loan we heard
from people like you during research.
A Bank Statement Only Mortgage allows self-employed borrowers to qualify for a mortgage using bank statements to verify income instead of traditional tax returns or W-2 forms. It's ideal for business owners and entrepreneurs whose tax returns might not fully reflect their actual income.
For a bank statement loan, you can get traditional preapproval or what is called "No doc" preapproval for those who are self-employed. Here is what is required for each:
For self-employed borrowers:
- Minimum of 12 months business or personal bank statements
- Minimum of 1 year of Profit and Loss Statement Balance
- Minimum of 1 year 1099
- 2 months personal asset statements
- Drivers license
- CPA letter to attest to your ownership
For traditional borrowers:
- 2 years W2
- 2 years personal & 2 business tax returns (If applicable)
- 30 days pay stubs
- 2 months personal asset statements
- Drivers license
Typically, self-employed individuals, freelancers, entrepreneurs, or small business owners who can provide 12 to 24 months of bank statements demonstrating consistent income qualify for this type of loan.
Most programs require between 12 to 24 months of bank statements to verify your income. The exact number may vary based on the lender, loan amount, and your overall financial profile.
All 50 States, Covered.
Our loan officers are licensed in all 50 states, so no matter where you are - we have you covered.
See Our Recent Fundings
We’ve helped hundreds of clients get the funding they need to purchase their next property. You could be next.
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