April 28, 2026 · Nate Jones, NMLS #304056
Do Bank Statement Loans Have Higher Interest Rates?
Yes — but the rate premium almost always costs less than the taxes you'd pay to qualify conventional.
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What People Ask
Do bank statement loans have higher interest rates?
Yes, bank statement loans typically run 0.5-1.5% above conventional rates. The premium exists because lenders take on more documentation risk. For most self-employed borrowers, this premium costs less annually than the taxes saved by keeping full write-offs.
Is a bank statement loan rate worth it vs conventional?
For most self-employed borrowers, yes. If qualifying conventional requires showing $50,000 more in income, the additional tax cost at a 30% bracket is $15,000 per year — far exceeding any rate premium on the loan. Use the write-off calculator to run your specific numbers.