Bank Statement Loans
An alternative income-documentation approach for qualifying self-employed borrowers.
A bank statement loan is a non-qualified mortgage option that uses eligible bank statements, rather than tax returns, to help evaluate income for self-employed borrowers.
Potential benefits
- Alternative documentation for self-employed borrowers.
- May reflect business cash flow differently than tax returns.
- Available for different occupancy types depending on the program.
General eligibility considerations
- Typically requires a history of self-employment.
- Personal or business bank statements are reviewed over a set period.
- Credit, assets, and reserves are considered.
Important limitations
- Rates and costs are often higher than conventional loans.
- Larger down payments may be required.
- Requirements vary significantly between lenders.
Common questions
Do I still need to file taxes?
Yes. This program changes how income is documented for the loan, not your tax obligations.
Is this right for every self-employed borrower?
Not always. Some self-employed borrowers qualify well with traditional documentation. A loan expert can compare both paths.
Is Bank Statement Loan right for you?
Every situation is different. Book a no-pressure consultation and a licensed loan expert will review your goals and walk through the options that may fit.
Program descriptions are general information, not a loan offer or commitment to lend. Eligibility, rates, fees, and terms depend on your circumstances and lender requirements and are subject to change. Not all applicants will qualify.
From first call
to closing day.
Your BridgePoint loan expert walks you through every step, so you always know what is done, what is next, and what you will need.
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