What is a bank statement loan?

A bank statement loan qualifies self-employed borrowers using 12 to 24 months of bank deposits instead of tax returns. Lenders average your deposits to establish income, sidestepping the write-offs that lower taxable income.

It's built for business owners, contractors, and gig workers in Florida who earn well but show little net profit on returns. Expect a slightly higher rate and usually 10% to 20% down. We'll calculate your qualifying income from your statements before you apply.

Related Self-Employed Questions