What Is a Bank Statement Loan and Who Is It For?
A mortgage that qualifies you on deposits — not tax returns.
Nate Jones · NMLS #304056 · New American Funding
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.
Send Over Your Deposits — See What You Qualify For
Free review. No credit pull. No tax returns needed.