Alternative income review
Qualifying deposits over the lender’s required statement period may be analyzed to calculate eligible monthly income.
Apply securelyBank-statement loans
Use eligible bank deposits to document self-employed income.
A bank-statement loan may calculate qualifying income from eligible personal or business deposits instead of relying only on tax-return net income. The lender still reviews the borrower, business, credit, assets, property and complete transaction under its program requirements.
Start with the scenario
Designed for qualified self-employed borrowers.
Straight Deal Mortgage can compare eligible programs across a broad wholesale network and help identify the documentation and execution path that fits the complete transaction.
How the program works
Qualification built around the right information.
Personal or business statements
Depending on the program, eligible personal statements, business statements or a combination may be reviewed.
Scenario-specific comparison
Expense factors, ownership percentage, credit, reserves and property rules differ across lenders and can materially affect qualification.
A clearer path forward
What to expect.
- 01
Review the business profile
Discuss ownership, time in business, deposit patterns, property goals and the documentation currently available.
- 02
Analyze eligible statements
Identify recurring qualifying deposits, transfers, unusual activity and the applicable business-expense treatment.
- 03
Compare program options
Review potential loan structures, documentation, reserves, down payment or equity and pricing across eligible lenders.
- 04
Complete lender underwriting
Provide required statements and supporting borrower, business, asset, credit and property documents for final review.
Common questions
Answers before you apply.
What is a bank-statement loan?
A bank-statement loan is an alternative-documentation mortgage that may calculate qualifying self-employed income using eligible deposits from a defined period of personal or business bank statements. It remains subject to credit, asset, property and lender underwriting requirements.
How many months of bank statements are required?
Requirements vary by lender and program. Programs review a defined deposit history, and the exact period and acceptable account type should be confirmed for the transaction.
Can business bank statements be used for a mortgage?
Some programs accept eligible business statements. The lender may apply an expense factor or use approved supporting documentation to estimate usable business income.
Do bank-statement loans require tax returns?
Some programs do not use federal tax returns to calculate qualifying income, but lenders may still request business, ownership, compliance or eligibility records required by the specific program.
Can bank-statement loans finance a primary residence?
Eligible primary residences, second homes and investment properties may be considered depending on the lender, occupancy, transaction and jurisdiction.
Do bank-statement loans have different pricing?
Pricing depends on the documentation program, credit, loan-to-value, occupancy, property and market conditions. Alternative-documentation programs may price differently than traditional agency loans.
Continue researching
Read the detailed mortgage guide.
Learn the terminology, common documentation, potential tradeoffs and questions to ask before choosing a program.
Review bank-statement loan requirements → · Compare self-employed documentation paths → · Review profit-and-loss mortgage qualification → · Review 1099 mortgage qualification → · Compare bank-statement HELOC options →
Program terms, documentation, pricing, lender participation, property eligibility and availability vary by transaction and jurisdiction and may change without notice. All loans are subject to application, credit approval, property review, underwriting requirements and applicable law. This is not a commitment to lend.