April 28, 2026 · Nate Jones, NMLS #304056
What's the Lowest Credit Score for a Bank Statement Loan?
620 is the floor for most programs. Here's how the tiers shake out.
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What People Ask
What is the lowest credit score for a bank statement loan?
Most bank statement loan programs require a 620 minimum credit score. A handful of programs accept 580-600 with strong compensating factors — larger down payment, more reserves, or 24+ months of bank statements. The best rates and lowest down payments require 680+.
Does a higher credit score lower my bank statement loan rate?
Yes — significantly. Bank statement loan rates are tiered by credit score. Moving from 660 to 720 can cut your rate by 0.5-1%, and 740+ unlocks the lowest pricing tier. On a $500,000 loan, that swing is roughly $200-400 per month.