Bank Statement Program


A Bank Statement Loan is perfect for those individuals who have income from their business but show losses on their tax return due to business expense deductions. The Bank Statement Loan relies more heavily on your personal and business bank statements to evidence income. The previous twenty–four months of personal and/or business bank statement deposits are averaged to determine gross monthly income.

  • Personal bank statement deposits are credited 100% as income
  • Business bank statements are credited 50% as income
  • Owner occupied, second home or investment properties qualify
  • Less than perfect credit is ok with larger down payment
  • 1-4 residential units only
  • No mortgage insurance required
  • Recent foreclosure, short sales or bankruptcies are allowed
  • No prepayment penalties
  • No tax returns needed
  • Second mortgages allowed
  • Fixed and adjustable rates available