Bank Statement Loans for Self-Employed Borrowers
Your tax returns don't tell the whole story. We use 12 or 24 months of bank deposits to document your income, with no W-2s or tax returns required.
How it works
Instead of the net income on your tax return, the lender looks at money actually coming into your accounts.
12 or 24 months
Choose the statement period that best reflects your earnings. A strong recent year can make 12 months the better option.
Personal or business accounts
Personal statements count deposits directly. Business statements use an expense factor or a CPA-prepared P&L.
Purchase or refinance
Use it to buy a primary home, second home or investment property, or to refinance one you already own.
Other non-QM income options, like 1099-only or asset-based qualifying, may be available depending on your situation.
What you'll need
- 12 or 24 months of consecutive bank statements
- Business license or CPA letter confirming self-employment
- Two years of self-employment history, in most cases
- Down payment, typically 10% or more
- Photo ID and details on current debts
Common questions
Who is a bank statement loan for?
Business owners, freelancers, contractors, gig workers and anyone whose tax returns understate what they actually earn because of write-offs.
Should I use personal or business bank statements?
Either can work. Personal statements count qualifying deposits directly. Business statements typically apply an expense factor or use a CPA-prepared profit and loss statement. We'll run both and use whichever qualifies you for more.
How long do I need to be self-employed?
Most programs want two years of self-employment history. Some consider shorter histories if you worked in the same field before.
Are rates higher than a conventional loan?
Usually somewhat higher, since these are non-QM loans. Many borrowers use one to buy now and refinance into a conventional loan later once their tax returns show enough income.
Areas we serve
This program, like everything we offer, is available across Ventura, Los Angeles, Santa Barbara and Kern counties.
Ventura County
Oxnard, Ventura, Camarillo, Thousand Oaks, Simi Valley, Moorpark, Santa Paula, Port Hueneme, Fillmore, Ojai and surrounding areas.
Los Angeles County
Los Angeles, Santa Clarita, Palmdale, Lancaster, Long Beach, Pasadena, Glendale, Torrance, Pomona, Burbank and surrounding areas.
Santa Barbara County
Santa Barbara, Santa Maria, Goleta, Lompoc, Carpinteria, Buellton, Solvang, Orcutt and surrounding areas.
Kern County
Bakersfield, Delano, Tehachapi, Ridgecrest, Shafter, Wasco, Arvin, McFarland and surrounding areas.
Other loan programs
Not the right fit? Compare every option on our loan programs page, or try one of these:
Self-employed and ready to buy?
Marcos works with business owners every week. Find out what your deposits qualify you for.