What is a bank statement loan?

A bank statement loan allows you to apply for a mortgage without having to prove your income via pay stubs, W-2s or tax returns

This loan type can be helpful if your income is inconsistent, your employer doesn’t issue traditional paychecks or you claim significant tax deductions. This might apply if you’re self-employed or a small business owner, independent contractor, freelancer, entrepreneurs, gig worker, real estate agent or investor.

Borrowers do not have to own 100% of the business. 

Qualifying income is calculated by reviewing 12-24 months of personal and business bank statements. We have simplified the upfront process of knowing what the monthly qualifying income will be by having an underwriting system analyze the income (you can upload your bank statements and have a qualifying income calculation within 48 hours)