A bank statement mortgage helps entrepreneurs, freelancers, and business owners qualify for a home loan using business or personal bank deposits instead of traditional tax returns.
A bank statement loan is an alternative documentation mortgage designed for self-employed borrowers who may not show their full qualifying income through tax returns. Instead of relying on W-2s or pay stubs, lenders review 12–24 months of bank statements to determine income, giving entrepreneurs a more accurate path to home loan approval.
These loans are ideal for business owners, gig workers, consultants, independent contractors, and anyone whose taxable income doesn’t reflect their true earning power. Bank statement mortgages offer competitive terms, flexible guidelines, and a practical solution for self-employed buyers.
We offer tailored bank statement programs designed to help self-employed borrowers secure the financing they deserve.
Uses the last 12 months of business or personal deposits to calculate qualifying income.
Averages two years of deposits for a more stable income calculation and potentially better terms.
Allows borrowers to qualify using personal bank accounts when business expenses are minimal or easily documented.
Uses business accounts to determine income, applying an allowable expense factor to reflect actual profitability.
Self-employed borrowers deserve mortgage solutions that reflect real income—not just the net after tax writeoffs. A bank statement loan helps you by offering:
Uses bank deposits instead of tax returns, providing a more accurate picture of earnings.
Ideal for business owners, freelancers, and contractors with non-traditional income.
Alternative underwriting helps bridge gaps that standard mortgage guidelines overlook.
Access a range of non-QM programs designed for modern entrepreneurs.
Self-employed buyers often search for mortgage programs that reflect true earning potential, and bank statement loans offer a powerful alternative to traditional income documentation. With flexible guidelines and realistic income evaluation, these loans help entrepreneurs access the homes and opportunities they’ve earned.
Prism Lending Partners helps you compare bank statement mortgages, non-QM loan options, and traditional financing to find the best path forward. Whether you’re purchasing a home or refinancing for better terms, we’re here to support your financial goals with clarity and expertise.
Self-employed borrowers—including business owners, freelancers, gig workers, and independent contractors—can qualify using bank deposits rather than tax returns.
Lenders review 12–24 months of bank statements and apply an income factor based on deposit history and business expense ratios.
No—credit requirements are flexible, though stronger scores will help secure better terms and interest rates.
Yes—borrowers may qualify using either personal statements, business statements, or a combination, depending on how income flows.
Rates may be slightly higher due to alternative underwriting, but they provide access to financing many self-employed buyers can’t obtain through traditional mortgage programs.
