Traditional lenders penalize business owners for legitimate tax deductions. Bank Statement loans fix this by using 12 to 24 months of your actual business or personal bank deposits to calculate your true qualifying income.
Stop getting denied because of a smart CPA. Qualify based on your real cash flow.
A Bank Statement Loan is an alternative financing option designed specifically for self-employed borrowers, business owners, and 1099 contractors. Instead of requiring traditional tax returns, W-2s, or pay stubs—which often underrepresent a business owner's true income due to write-offs—lenders look at your actual cash flow.
We review 12 to 24 months of your personal or business bank statements, calculate the total eligible deposits, and apply a standard expense factor to determine your qualifying income. This provides a much more accurate picture of your purchasing power.
You must be self-employed or an independent contractor for at least two consecutive years. A CPA letter or business license is typically required to verify this.
While some programs go down to 620, a score of 660 or higher is standard. Higher scores open up better rates and lower down payment requirements.
Depending on your credit score and the loan amount, down payments usually start at 10% for primary residences, though 20% is more common for better terms.
If using business statements, lenders typically assume 50% of deposits go to business expenses. This can be reduced with a letter from your CPA detailing lower actual expenses.
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