If you’re self-employed (or your income doesn’t show up cleanly on W-2s), you already know the frustrating truth: you can be a strong borrower and still feel “hard to qualify” on paper.
The good news is that mortgage rates have eased from last year’s levels, which helps both buyers and homeowners looking to refinance. Freddie Mac’s weekly survey showed the average 30-year fixed rate at 6.22% as of December 11, 2025, down from 6.60% a year earlier.
At the same time, there are more loan structures than ever—including 30-year fixed, 40-year fixed, ARMs, and in some cases interest-only options—that can lower the payment and make homeownership (or keeping your home) more realistic.
This is where bank statement loans can be a game-changer.
Disclaimer
This article is for educational purposes only and does not constitute a mortgage commitment, credit decision, or financial/legal advice. Rates, terms, program availability, and underwriting requirements vary by lender, state, borrower profile, and market conditions, and may change without notice. Payment examples are illustrative and typically exclude taxes, insurance, HOA dues, and mortgage insurance (if applicable). Always consult a licensed mortgage professional regarding your specific situation.
Darrin J. Seppinni is President of HomeLife Mortgage and a published author with more than forty years in the mortgage industry. He specializes in non-traditional programs—including Bank Statement Loans, DSCR Loans, and No-Doc Loan solutions—that serve self-employed borrowers and real-estate investors.
Contact
Email: darrin@homelifemtg.com | Phone: 949-681-7280
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For more than 25 years, HomeLife Mortgage has built a strong reputation in California and Florida as a leading mortgage broker, servicing the needs of borrowers who have been unable to obtain conventional financing. HomeLife Mortgage is at the forefront of non-bank lending offering the next generation of mortgages including Jumbo Loans, Real Estate Investor Loans, and Bank Statement Loans.