Bank Statement Loan Program
Bank Statement Loans for Self-Employed Borrowers
Your write-offs shouldn't stop you from buying a home. Qualify using real cash flow — 12 to 24 months of bank statements, no tax returns required.
Why Self-Employed Borrowers Choose This Program
Traditional conforming loans rely heavily on net taxable income shown on tax returns. Because savvy business owners utilize legal deductions and write-offs to reduce their tax liabilities, their on-paper qualifying income is often too low to secure a prime mortgage. This program solves that by looking at real cash flow — not tax returns.
Program Advantages
Designed specifically for 1099 contractors, business owners, and gig workers who don't fit the conventional lending box.
No Tax Returns or Pay Stubs Required
Income is calculated purely using 12 to 24 months of bank statements to determine real spending power — not what your tax return shows after deductions.
Massive Loan Limits
Self-employed borrowers can qualify for premium or luxury properties with loan amounts up to $3.5 million.
Industry-Leading LTV & DTI Limits
Unlike most Non-QM options that heavily restrict leverage, this program allows up to 90% LTV (just 10% down) and an aggressive Debt-to-Income cap of up to 55%.
Generous 25% Expense Factor
When calculating qualifying income from business bank statements, a highly competitive 25% default expense factor applies for 100% business owners — allowing 75% of total deposits to count as qualifying income.
Flexible History Requirements
While most programs mandate a strict 2-year business history, this program requires only 18 months of self-employment for the bank statement option.
Core Program Guidelines
Exact parameters from the approved program matrix.
| Guideline | Approved Parameters |
|---|---|
| Minimum FICO Score | 640 minimum credit score required. |
| Maximum Financing (LTV) | Up to 90% LTV for standard purchases. Up to 80% LTV for cash-out refinances. |
| Maximum Loan Amount | $3.5 million. |
| Reserves Required | Minimum 3 months of PITIA reserves for loans up to $1.5M. Asset seasoning is just 1 month. |
| Credit Event Seasoning | Borrowers with a bankruptcy, foreclosure, or short sale are eligible after 2+ years from the credit event. |
| Eligible Property Types | 1-unit SFR, PUDs, and townhomes. 2–4 unit properties and condos permitted up to 85% LTV. |
Frequently Asked Questions
Ready to qualify on your real cash flow?
Self-employed for at least 18 months? Isaac will review your bank statements and match you to the right program — no tax returns needed.
Personalized for you
Get Your Personalized Mortgage Rate
Every borrower is different. Tell us about your scenario and we'll compare programs and rates tailored to you — no obligation.
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Specialized programs available
All loan programs subject to credit approval, underwriting review, and property eligibility. Not all applicants will qualify. Program guidelines, FICO minimums, LTV limits, loan amounts, DTI caps, and reserve requirements are subject to change without notice. This is not a commitment to lend. Brooks Mortgage, Inc. NMLS #1608346. Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4139. Equal Housing Lender.