Bank Statement Loans

Flexible Mortgage Loans for Entrepreneurs, Business Owners, Freelancers and Independent Contractors

Lowest bank statement loan rates guaranteed

cartoon house with happy couple standing in front

No tax returns or tedious employment paperwork required.

We know traditional mortgage loans pose a serious challenge for self-employed and independent professionals because your tax returns don’t reflect your full income and financial capabilities. Bank statement loans allow you to purchase or refinance a home without the use of traditional income documentation. Instead, you can qualify based on your bank statements - either personal or business.

Don’t miss out on your dream home. Pre-approval only takes 24-48 hours.

To qualify for a bank statement loan, you will typically need to meet the following criteria

When applying for a bank statement loan, the main goal is to prove two things: first that you’re an experienced self-employed professional, business owner, or independent contractor, and second, that you have consistent, reliable income with which to pay your mortgage.


While bank statement loans are designed for self-employed borrowers who don’t qualify for traditional loans, lenders still want to see that you have a solid credit history. A credit score of at least 680 is typically required, although for the best rates 740 plus credit score.

Strong Income

Even though bank statement loans are designed for self-employed borrowers with non-traditional income sources, you need to have a steady income stream. Lenders will typically require that you have been self-employed or earning non-traditional income for at least two years and that you have a consistent pattern of deposits into your bank account.

Sufficient Reserves

Lenders want to see that you have enough money in reserves to cover at least 6 months of mortgage payments in case of unforeseen circumstances.

Adequate Down Payment

While the exact amount will depend on your credit score, the lender and your specific situation, most bank statement loans require a down payment of at least 10% to 20% of the home’s purchase price.

Clean Financial History

Lenders will look at your financial history to make sure you haven’t had any recent negative credit events that could impact your ability to repay.

Why we created our Bank Statement Loan Program


How Lenders Determine Bank Statement Loan Rates

1. Credit Scores – The better your credit score is, the lower your interest rate will be. So, if your score is on the lower end (think 680 or under), then you might work on improving it before applying for a bank statement loan.

2. Down Payment – your credit score will impact what down payment you’ll need, as well as your interest rate. Generally, the lower your score is, the more you’ll need to put down.

3. Loan-to-value ratio – The LTV of your mortgage – will also impact what rate you get on your bank statement loan. To calculate your LTV, you take your loan amount (how much you borrow for the house) and divide it by the home’s value. So, if your loan is $500,000 and the home is worth $625,000, your LTV is 80% (500,000/625,000). Lower LTV’s will typically qualify for the lowest rates.


Get a Quick Quote Today!

Bank Statement Loan Benefits

Get access to the leading bank statement loan programs
We will make it easy for you!


  • Enjoy market leading unbeatable 30-year fixed rates (buydowns available)
  • Interest only option, 40-year fixed term, 10-year interest only period 
  • Loan amounts from $250,000 to $7 million
  • Purchase a home with little as 10% down

  • Refinance cash-out up to 85% of property value

  • Property Types: Single family, condo, townhome, and 2-4 units

Three Steps to Mortgage Success

We will make it easy for you!
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Get a Consultation

Expert advice, discuss qualifications, get a quick quote, and get informed on the step-by-step process.

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Loan Approval

Get a fully underwritten pre-approval in just 48 hours. Know your rate and closing costs from the very beginning.

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Closing Time

Appraisal plus final underwriting to close within 2-3 weeks. Will keep you informed throughout the process. Always friendly service.

Calculate Your Mortgage Payment Now

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.


Happy couple signing mortgage contract

A more creative way to finance real estate.

Bank Statement Loans aren’t your traditional residential mortgages. Your approval will rest on your experience and the money you’re actually putting in the bank, not tedious documentation, making these loans an ideal option for small business owners, Entrepreneurs, independent contracts, and freelancers.

What Our Self-Employed Borrowers Think

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.