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Bank Statement Loan

The home loan solution for self-employed borrowers who can qualify with bank statements instead of having to show tax returns or pay stubs.

Call us 855-921-4921 

Key Features

No tax returns required

Up to 85% max LTV

Great option for self-employed borrowers


A Bank Statement Loan may be the solution for self-employed borrowers

When you're self-employed, you don't have the luxury of being able to provide pay stubs or show net income on tax returns when you're trying to secure a mortgage loan. Not having these required documents can make getting approved difficult, even if you have good credit. Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs. We look at your income over 12 months using bank statements, and if you meet our criteria, you can get a mortgage loan with a competitive rate.

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Bank Statement Loan Requirements

  • Must provide 12 months of consecutive bank statements from the same account
  • 15% down payment required with mortgage insurance
  • Up to 85% max LTV
  • 680 minimum credit score
  • 45% maximum debt-to-income ratio
  • $1,250,000 maximum loan amount, $170,000 minimum
  • Must escrow for taxes and insurance
  • Minimum of 2 years self-employment or 1099 contract work with exception can be made to 1 year self employed if same line of work prior.



Bank Statement Loan FAQs

Bank statement loans allow self-employed borrowers to apply for a home loan without having to provide pay stubs and W-2's from the past two years of employment.  Lenders look at the borrower's bank statements to determine if they can produce sufficient income to warrant approval for a mortgage loan.  Here’s a blog that can explain more.

With bank statement loans, the lender uses bank statements to analyze a borrower's income instead of using standard documentation. Lenders that offer bank statement loan programs will look at a borrower's bank over a 12 to 24 month time period to determine the borrower's net income, which is the amount of money earned after the borrower has paid taxes and business-related expenses.  Here’s a blog that helps explain this more.

The qualifications for a bank statement loan may vary by lender. But in general, a borrower is required to have at least two years of self-employed income and business experience. Once a lender has determined income, they will decide the maximum loan amount allowed. This is based on the borrower’s debt-to-income ratio, a percentage of the monthly income that goes towards paying any debt they may have, including a mortgage.

NASB requires a minimum of two years of self-employment, 12 months of consecutive bank statements from the same account, up to 85% max LTV, and the borrower must have a 45% maximum debt-to-income ratio. The maximum loan amount is $1,250,000.

Like a traditional mortgage loan, you should maintain a good credit score (660 and up) to be approved for a bank statement loan.





NASB Bank Statement Loan Webinar


In this recorded NASB webinar, Heather Howard explains how alternative forms of income verification can help self-employed borrowers secure a bank statement loan.


  • Get the most up-to-date rates available
  • For purchase or refinance, all loan types
  • 15-year and 30-year term options
  • A variety of mortgage payment calculations
  • Learn which loan is better for you
  • Help to make term and loan type decisions
What Our Customers Say
Philip G., August 14, 2022
★★★★★ (5)

"NASB provides the small business owner and the self-employed means to qualify for many types of mortgages. All the staff in contact with me are extremely helpful and update me on pertinent information I need to know throughout the mortgage process."

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100,000 home loan customers since 2010

Based on lender data

30 billion dollars in home loans

In the last decade based on lender data

82 "World-class" Net Promoter Score*

Based on 544 NASB closed loan customer surveys from 12/1/2021 to 7/27/2022

Nationally competitive products. Individualized service.

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*According to Bain and Company, the source of the Net Promotor Score (‘NPS’) system, a score of 50 is excellent, and anything above 80 is world-class.