Self-employed clients have unique financing needs that require flexibility, which is why we provide a Bank Statement Program. This program allows self-employed borrowers to qualify for a loan by submitting 12 consecutive months of business bank statements instead of tax returns.
Options available for 12 and 24 months
Eligible to use 100% of deposits on personal account
Eligible to use 50% of deposits on business account, or up to 90% with a CPA letter
Maximum loan amount of $4 million
Minimum FICO score of 640
Maximum LTV of 90%
Maximum DTI of 50%
If you are self-employed and meet the criteria for our Bank Statement program, please contact our loan consultants to discuss your specific scenarios. We offer a few bank statement programs including a 3-month bank statement program and a 24-month program which works the same as the 12-month program but has better interest rates.
Why Our Bank Statement Mortgage Program Is Right for You?
Our Self-Employed Mortgage Loans are designed to provide the freedom and flexibility that traditional lenders often overlook. Here’s what makes our Bank Statement Mortgage Loans stand out –
No Tax Returns Required: You can qualify using 12 or 24 months of bank statements, relying on your preference. In some cases, a 3-month option is also available.
Generous Loan Limits: Borrow up to $4 million based on your income and credit profile.
Flexible Credit Requirements: A minimum credit score of 640 is accepted.
High Loan-to-Value Ratio: Qualify for financing with up to 90% LTV.
Manageable Debt-to-Income Ratio: We allow up to 50% DTI, making it easier to qualify even with business-related expenses.
Available for Purchase or Refinance: Whether you’re buying a new property or refinancing an existing one, we have options that fit your needs.
NoIncomeMortgage.com believes that self-employed professionals shouldn’t be penalised for managing their own income. Our Bank Statement Loans make mortgage qualification simple, fair, and achievable.
The Procedure Behind Our Bank Statement Mortgage Loans
Applying for a Bank Statement Mortgage Loan is straightforward. Here is a step-by-step look at how the procedure works:
Choose Your Statement Term Select either 12 or 24 months of consecutive bank statements. The 24-month option may qualify you for a lower interest rate since it shows a longer income history.
Submit Your Bank Statements You can use personal or business bank accounts to verify income. Personal accounts let you use 100% of your deposits, while business accounts generally allow 50%. However, if you offer a CPA letter verifying your business expenses, you can use up to 90% of your business deposits.
Meet Credit and Income Needs In order to qualify, you’ll need a minimum credit score of 640, a maximum LTV of 90%, and a DTI ratio of up to 50%. The maximum loan amount available under this programme is $4 million.
Get a Quote Once you have your documentation ready, contact our loan consultants for a quick, personalised quote. We’ll review your statements, analyse your income, and find the best Self-Employed Mortgage Loan option for your goals.
Finalise Your Application After approval, our team will guide you with underwriting, documentation, and closing, ensuring a smooth process from start to finish.
Who Our Bank Statement Loans Are Designed For? Our Bank Statement Loans are ideal for borrowers who have consistent deposits but irregular income documentation. You may benefit from this programme if you are:
• A self-employed business owner running their own company.
• A freelancer or consultant with a variable monthly income.
• An independent contractor in fields like design, marketing, or construction.
• A real estate investor who earns from rental properties or short-term rentals.
• A professional who writes off substantial business expenses, reducing taxable income.
If you fall into any of these categories, a Bank Statement Mortgage Loan allows you to qualify based on your actual cash flow rather than restrictive paperwork.
Ready to Apply? Discover the Power of Bank Statement Loans Today!
If you’ve been turned away by traditional lenders because of your unique income situation, it’s time to take control. NoIncomeMortgage.com specialises in Bank Statement Loans and Self-Employed Mortgage Loans that recognise your true financial strength.
Call us today or click “Get a Fast Quote” to start your application. Discover how our Bank Statement Mortgage Loans can help you secure the property you deserve — without the limitations of traditional income verification.
Before You Apply: What to Keep in Mind!
While Bank Statement Loans from NoIncomeMortgage.com offer flexibility, they differ from traditional mortgage options. Because they rely on alternative income verification rather than tax returns, interest rates may be marginally higher, and certain deposit requirements apply when using business bank statements. Additionally, programme availability can vary based on your state or the type of property you’re financing.
At NoIncomeMortgage.com, our experienced team will walk you through every step of the process. We’ll clearly explain loan terms, interest rate options, and qualification criteria — ensuring you fully understand your choices and feel confident in selecting the mortgage that best fits your financial goals.
