Non-QM
Bank Statement Loans
Self-employed borrowers can qualify using bank statements instead of traditional income documentation.
Overview
Bank statement loans are a Non-Qualified Mortgage (Non-QM) program that allows self-employed borrowers to qualify for a mortgage using personal or business bank statements rather than W-2s or tax returns. Since self-employed borrowers often have significant deductions that reduce their taxable income — making traditional qualification difficult — bank statement loans provide an alternative path by looking at the cash flow that actually comes through the business.
Who It May Fit
Self-employed borrowers, business owners, and independent contractors whose tax returns don't fully reflect their available cash flow.
Potential Benefits
- Qualify using 12–24 months of bank statements
- No tax returns required for qualification
- Purchase and refinance options
- Available for primary, second home, and investment properties
- Cash-out refinance available
Important Considerations
- Larger down payment than conventional (often 10–20%+)
- Expense factors applied to business deposits
- Reserves required
- Rates and terms differ from conventional programs
Next Step
Talk to Kahren Oxner
Founder & CEO
Connect with Kahren to review eligibility, structure, and next steps.