What is a bank statement loan?
A bank statement loan is a mortgage designed for self-employed borrowers and business owners who are qualified using their actual bank deposits rather than their tax returns. If you’ve been frustrated that the write-offs keeping your tax bill low also make it look like you don’t earn enough to buy a home, this loan was made for you.
Instead of the tax returns that understate your real income, we review 12 to 24 months of your bank statements to establish your qualifying income. No tax returns, no complicated income gymnastics — a common-sense way to prove what any business owner already knows: that a healthy business supports a home purchase.
Bank statement loans typically ask for a somewhat larger down payment and stronger credit than a standard FHA loan, and they’re available for primary homes and investment properties. If you’re self-employed anywhere in Kansas, this is one of the smartest tools we can put in front of you — and exactly the kind of scenario we love solving.
Why buyers choose Bank Statement Loans
No Tax Returns Required
Qualify using 12–24 months of bank statements instead of tax returns — ideal for business owners with write-offs. Subject to guidelines.
Income That Reflects Reality
We use your actual deposits to establish qualifying income, so a healthy business isn’t held back by a low taxable income.
Built for the Self-Employed
Freelancers, contractors, gig workers, and business owners — if you work for yourself, this is your lane.
Primary or Investment
Bank statement loans can be used for a home you live in or an investment property. Subject to occupancy guidelines.
You might be a great fit if…
Bank statement loan basics
Bank Statements, Not Tax Returns
We review 12–24 months of your bank statements to establish qualifying income. No tax returns required. Subject to guidelines.
Down Payment & Credit
These loans typically ask for a somewhat larger down payment and stronger credit than FHA. We’ll tell you the specifics for your scenario.
Primary or Investment
Available for owner-occupied homes and investment properties, with terms that vary by occupancy.
A Real Answer, Fast
Send us your situation and we’ll tell you if it works — no runaround. Subject to credit and underwriting approval.
See what a bank statement loan might cost per month
Enter a home price to see an estimated monthly payment. Educational estimate only — not a quote or an offer.
Important: Illustrative estimate for educational purposes only — not a loan offer, rate quote, pre-qualification, or commitment to lend. The sample rate is not an offered rate; bank-statement (non-QM) rates are typically higher than conventional; actual rates change daily and depend on your credit, down payment, loan program, and property. Principal and interest only — taxes, insurance, HOA, and mortgage insurance are not included and will increase your payment. Not all applicants qualify. All loans subject to credit approval, income verification, appraisal, and underwriting. Equal Housing Lender.
Ready to see your real numbers? A licensed loan officer will walk you through it — no obligation.
Common questions
How do bank statement loans work?
Instead of tax returns, we use 12 to 24 months of your bank statements to establish qualifying income. It’s designed for self-employed borrowers whose tax returns understate their real earnings due to write-offs. Subject to underwriting.
Do I really not need tax returns?
Correct — that’s the whole point. A bank statement loan qualifies you on your deposits rather than your tax returns, a lifeline for business owners whose write-offs make their taxable income look low.
How much do I need down for a bank statement loan?
Bank statement loans typically require a somewhat larger down payment than a standard FHA loan, along with reasonable credit. The exact amount depends on your profile and the property. We’ll give you a precise figure.
Who is a bank statement loan best for?
Self-employed borrowers, 1099 contractors, freelancers, gig workers, and business owners — anyone whose tax returns don’t reflect their true income. If that’s you, it’s often the difference between “no” and “welcome home.”
Can I use a bank statement loan for an investment property?
Yes. Bank statement loans can be used for primary residences and investment properties, with terms that vary by occupancy. If you’re investing, we can also compare it against a DSCR loan.
Get a straight answer on your income
Get a real, personalized answer from a licensed loan officer — usually the same day. All loans subject to credit and underwriting approval.