bank statement loans

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Whether you're self-employed, a business owner, or a freelancer, a bank statement loan offers flexible qualification, competitive rates, and a financing path built around your real cash flow instead of your tax returns.

the benefits

WHY CHOOSE A BANK STATEMENT LOAN?

No Tax Returns Required

Bank statement loans qualify borrowers using 12–24 months of personal or business bank statements instead of W-2s or tax returns — ideal for self-employed borrowers whose write-offs lower their reported income.

Flexible Income Calculation

Your income is calculated from actual deposits, giving a more accurate picture of what your business truly earns compared to tax documents that often understate cash flow.

Competitive Loan Options

Choose from a variety of terms, including fixed-rate and adjustable-rate options, to match your budget and long-term financial goals.

Ideal for Many Borrowers

Bank statement loans are a great option for self-employed professionals, small business owners, freelancers, gig workers, and 1099 contractors.

What Is a Bank Statement Loan?

A bank statement loan is a mortgage designed for self-employed borrowers that uses bank deposits — rather than tax returns or pay stubs — to verify income. These loans are one of the most popular financing options for entrepreneurs and business owners because they offer flexibility, competitive rates, and a path to qualification that reflects real earnings. Whether you're purchasing your first home or refinancing your current one, a bank statement mortgage may provide the financing solution that best fits your situation.

eligibility

WHO MAY QUALIFY FOR A BANK STATEMENT LOAN?

1.

Self-Employment History

Lenders typically look for at least two years of self-employment or business ownership to establish a consistent income pattern.

2.

Down Payment Options

Depending on the loan program, qualified borrowers may be able to purchase a home with a competitive down payment, while larger down payments can reduce monthly costs.

3.

Consistent Bank Deposits

12–24 months of personal or business bank statements are reviewed to calculate an average monthly income and confirm your ability to manage payments.

4.

Credit Profile

Lenders review your credit history and overall financial habits to help determine your rate and terms.

Why Work With Lori

Mortgage Advice You Can Trust

  • Personalized recommendations to determine whether a bank statement loan is the right financing option for your goals.

  • Guidance comparing bank statement, conventional, FHA, VA, and USDA loans so you can make an informed decision.

  • Clear communication throughout the mortgage process with answers to your questions every step of the way.

  • A smooth, responsive experience from pre-approval through closing.

Client Stories

REAL STORIES FROM MY VALUED clients

Not sure where to start?

Let's find the right loan program for your goals — no pressure, just honest guidance.

PrimeLending's Lori Meaney specializes in connecting Central Florida families with the right home loan — from first-time buyers to seasoned homeowners.

Contact Info

© PrimeLending, a Plains Capital Company · NMLS ID 13649 · Lori Meaney NMLS# 1132235 · All loans subject to credit approval.