Qualify on Cash Flow, Not Tax Returns
Flexible mortgage financing for self-employed borrowers, entrepreneurs, and 1099 earners — using bank deposits instead of W-2s or paystubs.
Get Pre-Approved
Built for borrowers whose
income tells a bigger story.
No tax returns requiredQualify using 12 months of bank statements instead
No W-2s or paystubsPersonal or business statements accepted
Up to $3,000,000Loan amounts for primary, second, and investment
Up to 90% LTVFor primary residence purchases
DTI up to 50%More flexibility than conventional programs
Cash-out up to $1MCan be counted toward reserve requirements
Minimum FICO 660Accessible credit requirements for qualified borrowers
Gift funds allowedGift of equity and business funds also accepted
First-time buyers welcomeNon-occupant co-borrowers also allowed
Program Snapshot
Guidelines vary by lender and loan structure. All loans subject to credit approval and underwriting.
What Is a Bank Statement Loan?
A bank statement loan allows qualified borrowers to secure a mortgage using bank deposits instead of traditional income documentation. Rather than submitting tax returns, W-2s, or paystubs, borrowers provide 12 months of personal or business bank statements — and lenders use gross deposits to determine qualifying income.
This approach reflects how self-employed borrowers actually earn — through cash flow — rather than what shows up as taxable income after deductions and write-offs.
Business owners and self-employed borrowers often write off significant expenses — reducing taxable income while their actual cash flow remains strong. Traditional mortgage programs penalize this smart tax strategy. Bank statement loans are designed to work with it.
How Your Income Is Determined
Personal Bank Statements
Lenders analyze 12 months of personal account deposits. Typical calculation:
- Total 12 months of gross deposits
- Divide by 12 to get monthly income
- No expense ratio applied to personal statements
- Non-business deposits may be excluded
- Consistent deposit history strengthens qualification
Business Bank Statements
Lenders analyze 12 months of business account deposits. Typical calculation:
- Total 12 months of gross deposits
- Apply fixed expense ratio (typically 50%)
- Or use CPA-prepared P&L statement
- Remaining amount used as qualifying income
- Sole proprietors and LLCs both eligible
Who Qualifies & Eligible Properties
Ideal Borrower Profiles
- Self-employed entrepreneurs and business owners
- 1099 contractors and freelancers
- Real estate investors with rental income
- Gig economy workers and consultants
- Commission-based sales professionals
- First-time homebuyers with non-traditional income
Eligible Property Types
- Single-family homes
- Condominiums and townhomes
- 2–4 unit residential properties
- Owner-occupied primary residences
- Second homes and vacation properties
- Investment properties
Fixed & Adjustable Rate Options
- 30-Year Fixed
- 40-Year Fixed
- 30-Year Fixed with Interest-Only option
- 5/6 ARM
- 7/6 ARM
- Interest-only period available
Finance your home without
compromising your tax strategy.
Keep writing off business expenses without those deductions disqualifying you from a mortgage you can comfortably afford
Qualify based on actual cash flowing through your business — not the reduced taxable figure that appears on your return
Access up to $3 million with up to 90% LTV — competitive with conventional programs without the documentation burden
Finance investment properties up to 80% LTV — expanding your portfolio without personal income verification requirements
Up to 50% debt-to-income ratio gives self-employed borrowers room that conventional programs typically don't allow
Lendmire compares bank statement programs across top wholesale lenders to find the best rate and structure for your profile
Lendmire complies with all federal and state mortgage regulations. Bank statement loan programs are non-QM (non-qualified mortgage) products and are not subject to the same guidelines as conventional or government-backed loans. All loans are subject to credit approval, lender underwriting guidelines, and property eligibility.
A Loan Estimate (LE) will be provided upon submission of a complete application and required documentation. Lendmire LLC — NMLS #2371349. This is not a commitment to lend.
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March 5, 2026See if a bank statement loan
is right for you.
In about 30 seconds you can check eligibility and review financing options based on your cash flow — not your tax return.
Get Pre-Approved