Loan Program
NonQM Bank StatementQualify on real cash flow.
Bank statement income for self-employed borrowers. No tax returns required.
4.9 from 44 reviews
NMLS ID 2653540
How Bank Statement Loans Work
Bank statement loans qualify self-employed borrowers on real cash flow instead of tax returns. You provide 12 or 24 months of personal or business bank statements, and qualifying income is calculated from your actual deposits - not from a tax return that aggressive write-offs have compressed.
From there the file runs like any other HyperSmart loan: a senior mortgage banker structures it before it goes to underwriting, and it moves to the fastest close it supports.
Who this program fits
Business owners, contractors, and other self-employed borrowers with strong real income whose tax returns understate it. The program covers primary residences, second homes, and refinancing.
Not all bank statement loans are equal
We have program guidelines with several formulas for calculating bank statement income based on the client's scenario and business type. A senior mortgage banker determines which calculation gives you the strongest approval before you commit to anything.
- Luxury properties over $4M are available on bank statement loans.
- Non-warrantable condos, condotels, and multi-family are allowed.
- Available to U.S. Citizens, Permanent Resident Aliens, and Non-Permanent Residents.
- 30 year fixed, 40 year fixed, and interest only options.
- Available on a primary residence, second home, or investment property.
- Minimum credit score is 600.
Key Features
No Tax Returns
Qualifying income comes from your bank statement deposits, not your returns.
Flexible Statement Windows
Use 12 or 24 months of statements - whichever tells your story better.
Credit Scores From 600
Program minimum of 600. Stronger profiles improve pricing and leverage.
Up to 90% LTV
Down payments from 10% on qualifying files.
Personal or Business Accounts
We work from the accounts that show your real cash flow.
Purchase, Rate Reduction Refinance, or Cash-Out
Buy, save or recapitalize, we have you covered.
All loans are subject to credit approval. Not all applicants will qualify. Terms, conditions, interest rates, and programs are subject to change without notice. The information provided is for educational and informational purposes only and does not constitute a loan commitment or guarantee of any terms. Consult with a licensed loan officer for specific rate and term information applicable to your situation. NMLS #2653540. Equal Housing Lender.
Not sure which program fits?
Talk to a mortgage advisor about your specific situation. No obligation, no pressure.