No tax returns or tedious employment paperwork required.
At HomeLife Mortgage, we understand that traditional mortgage requirements often fail self-employed borrowers and independent professionals. Tax returns rarely tell the full story of your 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.
Buying a Home with a Bank Statement Loan
HomeLife Mortgage offers premier Bank Statement Loan programs for buying a home—with unbeatable rates and low costs tailored for self-employed borrowers.
Why Choose a Bank Statement Loan with HomeLife Mortgage?
- Premier bank statement loan programs
- Lowest bank statement loan rates and low closing costs
- Flexible bank statement loan requirements
- Underwritten preapproval in just 48 hours
- Know your rate, and closing costs upfront
- Transparent communication and dependable service
- Buy with confidence and speed
Whether you're buying your first home, upgrading, or investing, a Bank Statement Loan from HomeLife Mortgage gives you the freedom to qualify on your terms.
Refinance with a Bank Statement Loan
HomeLife Mortgage offers premier Bank Statement Loan refinance program designed for self-employed homeowners looking to lower their rate, tap into equity, or eliminate high-cost loans.
Why Refinance with a Bank Statement Loan from HomeLife Mortgage?
- Best selection of bank statement loan program
- Lowest Bank Statement Loan rates guaranteed
- Refinance to a lower rate or better terms
- Cash-out options available for any reason
- Underwritten preapproval in just 48 hours
- Know your rate and closing costs upfront
- Transparent communication and dependable service
Whether you're restructuring for long-term savings or unlocking equity for business expansion, securing capital for home improvements, or acquiring additional real estate our Bank Statement Loan refinance puts control back in your hands—with transparency, speed, and tailored options built around you.
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.
Good Credit
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 3 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.
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.
Bank Statement Loans
for the Self-Employed
in Florida
Bank Statement Loans
for the Self-Employed
in Texas
Bank Statement Loans
for the Self-Employed
in California
Three Steps to Mortgage Success
We will make it easy for you!
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.
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.
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