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Bank Statement Loan     

Bank Statement Loans: Financing for the Self-Employed

Your Business is Thriving. Your Mortgage Should Too.

Are you a business owner or freelancer finding it difficult to qualify for a traditional mortgage? At LoanHouse, we believe your bank statements tell a truer story of your financial health than a tax return.

Our Bank Statement Loan program allows you to qualify for a home or investment property using your actual cash flow, giving you the credit you deserve for the business you’ve built.

The Problem with Traditional Loans

Standard lenders rely on Net Income found on tax returns. As a savvy business owner, you likely use legal deductions to reduce your tax liability. While this is great for your bottom line, it can make your "on-paper" income look too low for a traditional mortgage.

The LoanHouse Solution: Our lenders look at your Gross Deposits. By reviewing 12 or 24 months of bank statements, your true qualifying income is calculated, allowing you to secure the home you want without changing how you do your taxes.

Program Highlights

Feature Details
Verification Type 12 or 24 Months of Personal or Business Statements
Max Loan Amount Up to $5 Million
Credit Scores Options available starting at 600
Down Payment As low as 10% for qualified borrowers
Property Types Primary Residences, Second Homes, and Investment Properties
No Tax Returns IRS transcripts, 1040s not required

 

Who Qualifies for a Bank Statement Loan?

This program is specifically designed for the "New Economy" workforce, including:

  • Business Owners & Entrepreneurs

  • Freelancers & Independent Contractors

  • Consultants & Gig Economy Professionals

  • Real Estate Agents & Mortgage Pros

  • Gig Workers (1099 employees)

How It Works: Simple 3-Step Process

  1. Submit Your Statements: Provide 12 or 24 months of your most recent bank statements (Business or Personal).

  2. Income Analysis: Expert underwriters calculate your average monthly qualifying income based on your total deposits minus a standard expense ratio.

  3. Get Approved: Once your income is verified and the appraisal is complete, you’re ready to close on your new property!

Stop letting tax returns hold you back.

Get the mortgage you’ve earned with the flexibility you need.

Bank Statement Loans for Self-Employed | No Tax Returns | Loanhse.com