BANK STATEMENT LOANS

Bank Statement Loans — Self-Employed? Qualify With Your Cash Flow

For self-employed borrowers and 1099 workers who have strong income but can't qualify using tax returns. Lenders use 12-24 months of bank statements instead of tax returns to verify your income.

Who It Helps: Small business owners, freelancers, gig workers (Uber, DoorDash, etc.), real estate agents, independent contractors, and anyone who writes off expenses that reduce taxable income.

Benefits:

• No tax returns required — only bank statements needed
• Qualify on actual cash flow, not taxable income
• Owner-occupied and investment properties eligible
• No mortgage insurance required
• Competitive rates compared to other non-QM products
• Faster closings — often 21 to 30 days
• Full credit underwriting — bankruptcies and foreclosures may be acceptable