What Is a Bank Statement Loan?

A Bank Statement Loan allows qualified borrowers to secure a mortgage using bank deposits instead of tax returns, W-2s, or paystubs. It’s ideal for self-employed individuals, freelancers, and business owners whose tax filings may not reflect their full financial picture.

By analyzing cash flow through 12 months of personal or business bank statements, we help you qualify based on real income — not deductions.

Why Traditional Loans Fall Short

Traditional mortgage programs rely on taxable income from tax returns, which can be significantly reduced by write-offs and deductions. That can limit your ability to qualify — even when your business is thriving.

Bank Statement Loans offer a solution by reviewing gross deposits to determine qualifying income. This gives you more control and flexibility while preserving your tax strategy.

Who Bank Statement Loans Are For

• Self-employed entrepreneurs and business owners

• 1099 contractors and freelancers

• Real estate investors with cash-flowing properties

• First-time homebuyers with non-traditional income

• Borrowers who prefer not to use tax returns for qualification

Bank Statement Loan Highlights

• 12-month personal or business bank statements accepted

• Fixed expense ratio or CPA-prepared P&L options

• 40-year fixed, 5/6 ARM, or 7/6 ARM options

• Up to 90% LTV on primary residence purchases

• Up to 80% LTV for investment properties

• Cash-out up to $1 million (can count as reserves)

• Minimum FICO: 660

• Loan amounts up to $3 million

• DTI up to 50%

• No W-2s, paystubs, or tax returns required

• Gift funds, gift of equity, and business funds allowed

• One appraisal for loans up to $2 million

• First-time buyers and non-occupant co-borrowers allowed

Eligible Property Types

• Single-family homes

• Condos and townhomes

• 2–4 unit residential properties

• Owner-occupied, second homes, and investment properties

Why Lendmire

At Lendmire, we understand self-employed borrowers because we specialize in real-world income solutions. We work with top wholesale lenders to bring you flexible loan structures, personal guidance, and fast turnaround — all tailored to help you succeed without compromising your financial strategy.

Compliance Notice

Lendmire complies with all federal and state mortgage regulations. All loans are subject to credit approval, lender guidelines, and property eligibility. A Loan Estimate (LE) will be provided upon completion of a full loan application and required documentation.