Bank Statement

An income documentation path for eligible self-employed borrowers.

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How it works

Bank Statement loan overview

A bank statement loan may use deposits from personal or business accounts to assess qualifying income. Lenders review the statement period and apply their program’s expense method.

Who may want to explore it

Business owners and 1099 earners whose cash flow differs from tax-return income.

Features to review

Some lenders review 12 or 24 months of statements.
Personal or business accounts may be considered by program.
Purchase and refinance options may be available.

Before you decide

Deposits do not automatically equal qualifying income.
Rates, down payment, reserves, and documentation differ by lender.

Compare the whole cost.

Ask for a personalized estimate with the rate, APR, monthly payment, cash to close, and program-specific fees. Terms and approval depend on your loan and lender review.

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