🏦 Bank Statement Loans
Your deposits tell the real story. Let’s use them.
If you’re self-employed, your tax returns are engineered to show as little income as legally possible — great in April, brutal at the bank. A bank statement loan sidesteps that entirely: an underwriter analyzes 12–24 months of deposits to establish your qualifying income. No tax returns. No W-2s.
Is this you?
Bank Statement Loans tend to be a great fit for…
- Business owners whose write-offs shrink their taxable income
- Contractors, agency owners, and consultants with strong cash flow
- Restaurant, salon, trades, and other cash-flow-heavy businesses
- Anyone told "your tax returns don’t show enough income"
Questions friends actually ask
Bank Statement Loans: straight answers
Personal or business bank statements?
Either, depending on the program. Business statements get an expense factor applied (often around 50%, or lower with a CPA/EA letter documenting your actual expense ratio). Personal statements showing business deposits are usually counted at a higher percentage. Joe will tell you which route produces the stronger number for your file.
How long do I need to be self-employed?
Most programs want two years of self-employment history, though some accept one year with a prior history in the same line of work. Your CPA letter, business license, or LLC filing typically documents it.
What if my deposits vary month to month?
That’s normal and expected — the underwriter averages the eligible deposits across the full 12- or 24-month window. Seasonal businesses often benefit from the 24-month average.
NSF fees or overdrafts a dealbreaker?
Not automatically, but a pattern of them will draw questions and can affect approval. A few isolated incidents with an explanation are usually workable.
Keep exploring
DSCR Loans
Investor loans where the rental income covers the payment. No personal income docs, no tax returns, no DTI.
Learn more →1099 Income Loans
Qualify using 1–2 years of 1099 forms — no tax returns, no profit-and-loss gymnastics.
Learn more →P&L Statement Loans
Qualify with a CPA- or EA-prepared profit-and-loss statement — sometimes with no bank statements at all.
Learn more →Not sure if bank statement loans are right for you?
That’s literally what Joe is for. One conversation, all nine programs side by side, zero pressure to move forward.