If you’re self-employed, a freelancer, or have irregular income, qualifying for a mortgage can feel out of reach. A Bank Statement Loan could be the key to unlocking homeownership. Our Bank Statement Loan Calculator helps you estimate your loan amount, monthly payments, and down payment options—giving you a clear path to buying your dream home.
What Is a Bank Statement Loan?
A Bank Statement Loan is a mortgage option designed for individuals who don’t have traditional W-2s or tax returns. Instead, lenders use your bank deposits over 12–24 months to verify income and assess eligibility. It’s an ideal solution for:
- Self-employed professionals
- Freelancers and gig workers
- Real estate investors
- Commission-based earners
Why Use a Bank Statement Loan Calculator?
Estimate Loan Amounts – Calculate how much you may qualify for based on your average monthly deposits.
See Monthly Payments – View payment projections based on various loan amounts, rates, and terms.
Adjust Down Payment Scenarios – Understand how different down payment amounts affect your loan size.
Compare Interest Rates – Explore how different rates impact your monthly payment and total loan cost.
Plan Ahead – Make smarter homebuying decisions with clearer financial expectations.
How to Use the Calculator
- Gather Bank Statements – Collect 12 to 24 months of personal or business bank statements.
- Input Monthly Deposits – Enter your average monthly income from deposits.
- Select Loan Term – Choose from 15, 20, or 30 years.
- Add Down Payment – Enter your expected down payment to see how it impacts your financing.
- Adjust the Interest Rate – Use the slider or field to test different rates.
- Review Your Results – Get a full breakdown of estimated loan amount and monthly payments.
Who Can Benefit?
Bank Statement Loans are perfect for:
- Self-Employed Borrowers: Use your business revenue instead of W-2s.
- Gig Economy Workers: Qualify using income from platforms like Uber, Airbnb, Upwork, etc.
- Commission-Based Professionals: Use actual deposits instead of averaged or net income.
- Investors: Leverage rental and passive income reflected in your statements.
Get Started with Mortgage Capital
With Mortgage Capital, you’re not just getting a loan—you’re getting a partner who understands non-traditional borrowers. Our experienced mortgage team helps you navigate the loan process, match you with the right lender, and get you approved fast.
Call us at 561-300-0380 or use the Bank Statement Loan Calculator now to explore your mortgage options.
Take the first step toward flexible, self-employed-friendly home financing today!