Bank Statement Loan Rates for Self-Employed Borrowers

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  • Get a quick quote now
  • Soft credit pull upfront
  • Preapproval and firm rate quote in as little as 48 hours

Buying, Refinancing, or Cashing Out?

Bank Statement Loan rates are based on your loan goal and your full borrower profile.

The first step is simple: are you buying a home, refinancing your current mortgage, or taking cash out?

HomeLife offers two ways to get started — a quick scenario quote or a firm upfront quote based on your actual file.

 

Quick Quote — Start Here

Most borrowers want a ballpark rate before going deeper. HomeLife can provide a quick scenario-based quote — before full application, before bank statements, before you commit to anything.

 

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Buying a home?

Share your purchase price, estimated down payment, property type, occupancy, and credit score range. HomeLife gives you an early rate and cost range so you can gauge whether the numbers make sense before going deeper.

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Refinancing or taking cash out?

Share your estimated property value, current mortgage balance, desired loan amount or cash-out goal, and credit score range. HomeLife gives you an early refinance rate and cost range based on your scenario.

Firm Upfront Quote — Based on Your Actual File

When you are ready for a firm quote, HomeLife reviews the complete file — simple application, soft credit pull, bank statements, income analysis, property details, and asset documentation when needed. The result is a clear, accurate rate and cost quote based on your real financial picture — not an estimate. No estimates. No surprises.

 

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Buying a home

Review purchase rate options based on purchase price, down payment, credit score, property type, occupancy, and qualifying income.

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Refinancing

Review refinance options based on property value, equity, credit score, new loan amount, occupancy, and bank statement income.

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Cash-out refinance

Review cash-out options based on property value, equity, requested cash-out amount, loan-to-value, credit score, income, and program requirements.

What Drives Your Bank Statement Loan Rate?

Bank Statement Loan rates are based on the full file - not one number by itself. Here is what matters most.

 

How Loan-to-Value Works

 

Purchase LTV

For a purchase, loan-to-value is based on your down payment percentage.

Example: If you put 20% down, the loan-to-value is 80%. A larger down payment lowers the LTV, which may help create stronger pricing and more program options.

 

Refinance LTV

For a refinance, loan-to-value is based on the new loan amount divided by the property value.

Example: If your home is worth $1,000,000 and your new loan amount is $700,000, the loan-to-value is 70%. More equity usually means a lower LTV and stronger rate options.

 
For a purchase, LTV is based on down payment. For a refinance, LTV is based on equity.

 

Purchase Bank Statement Loan Rates

Buying a Home

If you are self-employed and buying a home, HomeLife helps you review purchase loan options using personal or business bank statements instead of tax returns.

To provide a firm upfront purchase rate quote, we start with:

  • Simple application
  • Soft credit pull
  • 12-24 months of personal or business bank statements
  • Purchase price
  • Down payment amount
  • Property type and occupancy
  • Proof of funds for down payment and closing costs
  • Two most recent months of asset statements, when required

For a purchase, loan-to-value is based on your down payment percentage.

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Example:

If you put 20% down, the loan-to-value is 80%. A larger down payment lowers the LTV, which may help create stronger pricing and more program options.

Once the bank statement income analysis is completed, HomeLife reviews the debt-to-income ratio and available purchase loan options.

Rate Tip: A larger down payment lowers the loan-to-value ratio - which may help create stronger pricing and more program options.

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What You Receive

After the upfront review, qualified purchase borrowers receive:

  • Itemized fee worksheet
  • Purchase preapproval letter
  • Rate and cost options
  • Documentation requirements
  • Next-step guidance

Often completed in as little as 48 hours after the required application, credit, asset, and bank statement items are received.

Get My Purchase Rate Quote

Refinance Bank Statement Loan Rates

Refinancing or Taking Cash Out

If you already own your home, HomeLife can help you review refinance options using bank statements instead of tax returns - including a rate-and-term refinance, new loan structure, or cash-out refinance.

To provide a firm upfront refinance rate quote, we start with:

  • Simple application
  • Soft credit pull
  • 12-24 months of personal or business bank statements
  • Estimated property value
  • Desired new loan amount
  • Desired cash-out amount, if applicable
  • Current mortgage statement, if available
  • Property type and occupancy


For a refinance, loan-to-value is based on the new loan amount divided by the property value.

Example

If your property is worth $1,000,000 and your new loan amount is $700,000, the loan-to-value is 70%. More equity generally means a lower LTV and stronger rate options.

Once the bank statement income analysis is completed, HomeLife reviews the debt-to-income ratio and available refinance loan options.

Rate Tip: A rate-and-term refinance typically prices better than a cash-out refinance. Cash-out refinances usually carry a slightly higher rate because the borrower is taking additional equity out of the property. If both options are on the table, HomeLife can help you compare the tradeoff upfront.

What You Receive

After the upfront review, qualified refinance borrowers receive:

  • Itemized fee worksheet
  • Rate and cost options
  • Refinance structure options
  • Cash-out options, if applicable
  • Documentation requirements
  • Next-step guidance

Often completed in as little as 48 hours after the required application, credit, and bank statement items are received.

Get My Refinance Rate Quote

How HomeLife Provides a Firm Upfront Rate Quote

A Clear Process Before You Move Forward

HomeLife does the upfront work first - so you understand your rate, costs, income calculation, and qualifying options before moving deeper into the loan process.

 
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Quick Quote or Full Application

Start with a quick scenario quote to get an early rate and cost range - or complete a simple application when you are ready for a firm upfront quote based on your actual file. Either way, HomeLife can review the details that affect your rate.

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Soft Credit Pull

See your rate and cost options upfront - no impact to your credit score.

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Bank Statement Review

Provide 12-24 months of personal or business bank statements so qualifying income can be reviewed.

 

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Income and DTI Review

Once qualifying income is calculated, HomeLife reviews the debt-to-income ratio and available program options.

 

 

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Itemized Fee Worksheet

You receive clear rate, payment, points, fees, and cash-to-close options upfront - no estimates, no surprises.

 

 

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Preapproval Letter for Purchase

For purchase borrowers, qualified files receive a preapproval letter to help move forward with confidence.

Find the Right Rate and Cost Combination

Not every borrower wants the same cost structure. Some want the lowest available rate. Others prefer to reduce upfront costs. HomeLife helps you compare what makes the most sense for your specific goal.

 

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Lower Rate Option: Pay points or higher upfront costs to reduce the interest rate - ideal when you plan to keep the loan longer term.

No Origination Fee / No Points Option: Choose a slightly higher rate to reduce upfront lender costs when available.

Lender Credit Option: Use a lender credit to help offset closing costs - program dependent.

HomeLife helps you compare rate, payment, points, fees, and cash to close so you can choose the structure that fits your goal - not just the rate that looks best on paper.

 

Why HomeLife Mortgage for Bank Statement Loan Rates?

Competitive Rates. Clear Costs. Proven Results.

Borrowers shopping for Bank Statement Loan rates need more than a number. They need a quote based on the actual file, a clear explanation of costs, and a team that understands how to structure self-employed income.

 

Rates and Costs Explained Clearly

You see the rate, payment, points, fees, and cash to close upfront - before you commit. Every line on the itemized fee worksheet is reviewed so you understand the full picture before moving forward. No guessing. No surprises.

Communication Every Step of the Way

From the first-rate conversation through closing, HomeLife keeps the process clear with fast responses, easy access to the team, and plain-language answers at every stage. No chasing. No uncertainty.

Bank Statement Loan Expertise

HomeLife specializes in Non-QM and Bank Statement lending. Self-employed income, business bank statements, personal bank statements, complex tax returns, and larger loan amounts are the types of files reviewed every day.

More Program Options

HomeLife works with a broad network of Bank Statement Loan programs - giving borrowers access to more rate and cost structures based on the actual file, not just one lender's guidelines.

Proven Experience Since 1990

Darrin Seppinni and the HomeLife team have specialized in Non-QM and Bank Statement lending since 1990 - funding over $3 billion in loans for self-employed borrowers and investors. Complex income, larger loan amounts, and non-traditional scenarios are not exceptions here. They are the work we do every day.

Do not take our word for it - read what our borrowers say

Bank Statement Loan Rates FAQ

 

Ready to See Your Bank Statement Loan Rate Options?

Whether you are buying a home, refinancing, or taking cash out - HomeLife reviews your scenario upfront and shows you competitive Bank Statement Loan rate options based on your actual file. Clear rate, clear costs, no surprises.

Soft credit pull upfront. No obligation.

Get a Quick Quote

How do Bank Statement Loans work?

Download our free eBook below to learn the ins and outs of bank statement loans and everything you need to know to apply and qualify for your loan.

 

Helpful Guide The Ultimate Guide to Bank Statement Loans
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Experts in Bank Statement Loans
for Florida, Texas & California

Unlock home financing without traditional income docs — Homelife Mortgage specializes in flexible bank statement loan solutions tailored to self-employed borrowers in Florida, Texas and California.

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Bank Statement Loans
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in Florida

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Bank Statement Loans
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What Our Self-Employed Borrowers Think

Excellent

Trustpilot
Darrin and team is superb! I had a stress free less than 30 day closing on my new investment property purchase. They did a “No Doc” loan for me where they only had a credit report requirement. The team is very responsive and kept me updated…

Sharmila S.

We used HomeLife for a bank statement loan since we are self employed and this was a fantastic experience! The entire team, Jayne, Darrin, Esther and everyone at HomeLife was a pleasure to work with and super responsive. I would highly recommend…

Amber A.

I would highly recommend Darrin Seppinni for your loan. I am here to say you do not have to go anywhere else. This great man and his wife Jayne and their staff got my wife and I a loan on a home with a 21 day escrow in the hottest sellers’ market…

Douglas Pettibone

I can't say enough good things about this company. Without them, I'd not be in the new home we dreamed of. As long as my tax returns don't support the mortgage value I need, these guys will be my first call! I've already referred 3 friends...

Sean M.