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“Bank statement loan periods determine how many months of personal or business account activity a lender reviews to calculate qualifying income. Available documentation periods may include 1, 3, 6, 12, or 24 months, depending on the lender, borrower profile, loan amount, and transaction type.
Shorter statement periods may help when recent business revenue is stronger or more representative of current cash flow. Longer periods can provide a more established income history and may be useful for businesses with seasonal or variable earnings.
Lenders review eligible recurring deposits, remove transfers and other non-income items, and apply an expense factor when business bank statements are used. Credit, reserves, business history, property type, and loan-to-value requirements also affect eligibility.”
The programs below highlight several bank statement mortgage options available to self-employed borrowers using alternative income documentation. Depending on the program, qualification may be based on personal or business deposits, shorter or extended statement periods, jumbo loan amounts, higher loan-to-value limits, or second mortgage financing. Program availability and terms remain subject to credit, reserves, property type, occupancy, and lender underwriting requirements.
Submit your loan scenario for loan officer review before having your credit checked or speak to a live loan officer for as free consultation by a qualified Mortgage Loan Originator (Loan Officer) ~ 800-718-8906.
Our Bank Statement Loan program provides self-employed borrowers with an alternative to traditional income documentation. Use personal or business bank statements for up to 24 months to qualify for home loans with flexible terms. Available for purchases, refinances, and cash-out options, this program accommodates credit scores as low as 600,
The Bank Statement Loans highlights a suite self-employed borrowers that cannot provide conventional income documentation including the 12-Month Bank Statement option to enable qualification using bank statements providing a flexible, documentation-light path to financing.
Access up to $750,000 with a Stand-Alone Second Mortgage—no need to refinance. Requires 680+ credit score, supports primary and second homes.