April 27, 2026 · Nate Jones, NMLS #304056
What Is a Bank Statement Loan and Who Is It For?
A mortgage that qualifies you on deposits — not tax returns. Nate explains in plain English.
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What People Ask
What is a bank statement loan?
A bank statement loan is a mortgage that qualifies self-employed borrowers using bank deposit history instead of tax returns. Lenders average 12 or 24 months of deposits to calculate qualifying income. No W-2 or tax returns required.
Who should use a bank statement loan?
Self-employed borrowers — business owners, 1099 contractors, and freelancers whose tax return understates their actual income due to write-offs. If you make real money but your tax return doesn't show it, a bank statement loan is built for you.