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We can help those who are self-employed with our Bank Statement Loan Program.

Being self-employed does not mean you can’t get home financing. You do not have to submit any tax returns or financial statements other than your bank statements to purchase a new home or to cashout refinance an existing home that you already own.

This program is perfect for business owners, realtors, consultants, restaurant owners, gig economy, entrepreneurs and more.

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Qualify on 12 or 24 months bank statements. We count 100% of deposits as income.

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Qualify on 12 or 24 months bank statements. We count 50% of deposits as income.

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Qualify on 2 months most recent bank statements. Account must show a positive balance and

CPA must verify.

Bank statement loans have taken over the traditional stated income loans as an alternative for borrowers who are unable to verify their income in the traditional way by providing the previous two years tax returns, W2s and pay stubs. These are non-QM loans, nontraditional loans or expanded criteria loans that allow other forms of documentation to prove the ability to repay. Just as it sounds, a bank statement loan allows the borrower to verify his or her income with bank statements.

  • Business owners
  • Freelance employees
  • Consultants
  • Contract workers
  • Independent contractors
  • Sole proprietors
  • Gig economy workers
  • Realtors
  • Entrepreneurs
  • Retirees

These type of loans have provided a solution to borrowers’ challenge of using the net income claimed on their tax returns rather than the true net income that they make. This makes many borrowers ineligible for a loan. To apply for a bank statement loan, the self-employed borrower can provide the mortgage lender with as little as 12 months of bank statements which show regular deposits. This allows the lender to see how much you can afford to borrow. The lender would then verify your bank statements by calling your bank or by filling out a verification of deposit (VOD) request and mailing or faxing it to your bank. If you are using your business bank statements to qualify the lender will still need to see the expenses you incur as a result of owning a business but will not penalize you for expenses that you have written off on your tax returns.

What are the Differences Between a Bank Statement Loan and a Traditional Home Loan?

 Bank Statement Loans  Traditional Home Loans
  • These loans are built for people who do not have W2 jobs such as business owners, realtors, consultants, restaurant owners, and gig economy workers (with a valid business license).
  • These loans allow the borrowers to use bank statements as the form of proof that they are able to pay back the loan amount.
  • These loans are for most employees (not self-employed) with a W2, which allows borrowers to choose from a variety of options, from short-term ARMs to 30-year fixed rates.
  • They generally require a minimum down payment of anywhere from 5% to 20% and a credit score of more than 700.

Advantages of a Bank Statement Loan

In summary, these are the advantages of a bank statement loan:

  • The lender does not need to look at your tax returns or tax transcripts.
  • Your income statements are made up of regular monthly income deposits.
  • The lender can look at 12 or 24-month bank statements.
  • If you own a business, you can show 24 months of business statements and a P&L statement for the same period. A P&L statement (profit and loss statement) is prepared by a Certified Public Accountant. Not all business owners will be required to present one.
  • You can get a bank statement home loan for as little as 10 percent down.
  • You can do a cash-out refinance loan of up to 85 percent of the value of your property.
  • You can borrow up to million.
  • Typically, bank statement lenders will accept a debt to income ratio of a maximum 55 percent.
  • You have the option of a fixed-rate or adjustable mortgage.
  • You may have the option for an interest-only mortgage.
  • You must have been a business owner or self-employed for at least two years.
  • You must have at least 10% down (which is a 90% loan to value, w/ 660 credit score), as well as a 35% down payment for two-month bank statements.
  • You must have four months of PITI reserves in the bank for loan amounts under
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    million and six months for loan amounts over
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    million.
  • You may qualify with as little as 2-months bank statements.
  • You must have a credit score of 620 or above to qualify.
  • The minimum loan amount is 0,000, and the maximum loan is ,000,000.

Eligibility for a bank statement requires total deposits minus disallowed deposits. This amount is then divided by the number of bank statements, whether it is the 12 or 24 months statement.

Another option is that if the co-borrower is a W2 employee you can use a hybrid of W2 and tax return income from the co-borrower and bank statement income from the borrower or assets from the co-borrower and bank statements from the borrower. Non-QM loans can use multiples sources of blended incomes to qualify.

Deposits which are disallowed in regards to a bank statement loan include transfers between bank accounts and cash or large deposits, which can raise a level of concern and may require a letter of explanation.

  • You may use statements form more than one bank account, but they cannot be a combination of personal and business accounts.
  • Deposits which are transferred from a business account into a personal account are acceptable.
  • You may combine W2 income with bank statement income as long as the income is not being double counted.
  • No commingling of funds.
  • Foreign Bank Statements and Foreign Assets may be considered and must be translated to English.

To apply for a bank statement loan, you can upload the last 12 or 24 month’s worth of bank statements from a business account into the system or have our digital mortgage software sync with your bank and pull the information from your account. Bank statement loans are processed through a manual underwriting process. Since these loans are being reviewed by a person, they can take between 21 and 30 days to process. For more complex cases, it may take up to 45-60 days.

In the arena of bank statement loans, there are many exceptions to the rules. There are a number of roadblocks that you may run into, but many of them can be worked through. Read more to learn about the most common ones.

Learn More >

Ready to apply for a loan? Contact us today.


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  • Having a credit score below 600: credit bureaus garner information regarding your payment history. This includes outstanding loans and credit card payments. From this information, they compile a credit score which reflects your worthiness for credit. The score is ranked from a low of 300 to a high of 850. Lenders use this score to determine whether you qualify for a loan. Typically, a credit score below 600 means that you are not financially viable enough to be approved for a loan.
  • You are saving less than 5 percent: lenders want to see that you are not spending more than you make. If you are saving less than 5 percent of your income, then you will probably not qualify for a banks statement loan.
  • Your credit card balances are on the rise: if you are only paying the minimum due on your credit card balance and your balance is rising each month, you are not a likely candidate for a bank statement loan. To keep your debt under control, you should only charge what you can pay off each month.
  • Your house payments take up more than 28 percent of your income: if you’re spending more than 28 percent of your gross income on your mortgage payments, then you are unlikely to qualify for a bank statement loan.
  • Your total payments (house plus the minimum payments on your credit report) take up more than 50 percent of your income: if you’re spending more than 50 percent of your gross income on your mortgage payments, then you are unlikely to qualify for a bank statement loan. If you can prove that the business pays the payment then it will not be counted against you.
  • You are behind in payment of your bills: buying items on credit and paying off the balance in installments has become a popular way to live in the U.S. Problems arise when the bills start to spiral out of control. If a large proportion of your monthly income is taken up by this type of payment plan on top of your utility bills, it is unlikely you will be eligible for a bank statement loan.

If you’re self-employed, your income is typically difficult to document, and you have a significant amount of tax write-offs. This can be problematic when you are looking to buy a home, and it can be tough to qualify for a traditional home loan. However, bank statement programs allow mortgage lenders to make loans without having to follow the traditional route of providing tax returns. This type of loan is great for people who are self-employed, independent contractors, or those who earn a seasonal income. These would-be home buyers are often more qualified than salaried employees, but their tax returns are far from run-of-the-mill.

Ricardo is an excellent example of how a bank statement loan can help someone who is self-employed or who owns their own business. Ricardo, as a successful self-employed construction worker, he had a healthy and regular income each month, but after writing off his expenses, he was unable to report sufficient income to qualify for a traditional loan.

Thanks to a bank statement lending program, Ricardo was able to apply for a bank statement loan without having to show his tax returns, which meant that his business write-offs were not a problem. Ricardo’s monthly income bank deposits over the past 12 months were enough to qualify him for a bank statement loan. His bank statement showed:

  • January: ,250
  • February: ,200
  • March: ,500
  • April: ,400
  • May: ,500
  • June: ,300

Ricardo had a six-month average income of around ,000 per month. After reviewing a full year of Ricardo’s bank statements, the lender was able to approve a loan based on that amount. Although the down payment and interest rate were slightly higher than a traditional loan, Ricardo was happy to be able to purchase a home. What’s more, he could always return the following year and if he could report an increase in income he would have the option of refinancing with a conventional loan which could have a lower interest rate.

For all home loans, lenders need to verify your income before approval. In the case of bank statement loans, bank statements are used as income verification instead of W2s and your tax return. Typically, bank statement mortgage loans require 12 or 24 months’ worth of bank statements. However, in some cases, you may be able to get approved with only two month’s worth of bank statements. One of our loan officers will then manually review your bank statements and verify the information with your bank.

Because of this alternative income-verification method, bank statement mortgages have become a popular option for self-employed individuals whose W2s and tax returns would not accurately reflect their full income.

What do mortgage lenders look for on bank statements?

When lenders are reviewing your bank statements to determine whether they can approve you for a loan they are looking for the following information:

  • Positive account balance
  • Little to no overdrafts
  • Regular monthly income deposits
  • Enough money to cover at least 10% down payment (10% down requires 660 minimum credit score)
  • Enough money to cover several months’ worth of mortgage payments as well as closing costs
  • When income was deposited into your account (generally, they want the income to be seasoned, meaning it’s been in your account for a while and wasn’t all just deposited right before you applied for your loan)

How many months’ worth of bank statements do I need for a loan?

It depends. On most of our personal and business bank statement loans, we require the last 12 or 24 months’ worth of bank statements.

In some cases, we do allow two-month bank statement loans. If you’re only providing two month’s worth of bank statements, you will need to attest and declare your qualifying income and your account balance must be positive.

Can I get a bank statement loan if I am not self-employed?

Yes, retirees can also qualify for bank statement loans since they are not receiving a typical stream of income that would be accurately reflected on their income tax returns.

It’s important to clarify that loans for self-employed individuals can apply to a variety of situations including those who are business owners, freelance works, gig economy workers, and realtors.

Are there other types of loans that require bank statements?

There aren’t any other loans that require bank statements, but you can use bank statements as a way to prove your income and qualify for other types of mortgages. In fact, you can use bank statements as one source of income verification for many of our Non-QM loans, such as jumbo loans and asset-based loans.

Are there other types of home loans for self-employed borrowers?

If you’re looking for a self-employed mortgage, a bank statement loan is usually the best option. However, depending on your other sources of income, such as a full-time job in addition to your self-employed business endeavors, there may be other loan options for you to consider, such as:

  • Asset-based loans
  • DSCR loans
  • VA loans
  • FHA loans
  • Jumbo loans

Griffin Funding is proud to offer several self-employed home loan products including both personal and business bank statement loans. Whatever your employment and income circumstances, our loan officers can help find the best mortgage solution for your needs.

When you're self-employed, you don't have the luxury of being able to provide pay stubs or show net income on tax returns when you're trying to secure a mortgage loan. Not having these required documents can make getting approved difficult, even if you have good credit. Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs. We look at your income over 12 months using bank statements, and if you meet our criteria, you can get a mortgage loan with a competitive rate.

Bank Statement Loan Requirements

  • Must provide 12 months of consecutive bank statements from the same account
  • 20% down payment required, or 10% with mortgage insurance
  • 45% maximum debt-to-income ratio
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    ,000,000 maximum loan amount, 0,000 minimum
  • Must escrow for taxes and insurance
  • Minimum of 2 years self-employment or 1099 contract work with exception can be made to 1 year self employed if same line of work prior.

Bank Statement Loan FAQs

What is a bank statement loan?
To apply for a conventional mortgage loan, borrowers usually must provide pay stubs and W-2's from the past two years of employment. But if you are self-employed or own your own business, you don't have W-2's or pay stubs. A bank statement loan requires only the bank statements of self-employed borrowers to determine if they can produce sufficient income to warrant approval for a mortgage loan.  Here’s a blog that can explain more.
How do bank statement loans work?

With bank statement loans, the lender uses bank statements to analyze a borrower's income instead of using standard documentation. Lenders that offer bank statement loan programs will look at a borrower's bank over a 12 to 24 month time period to determine the borrower's net income, which is the amount of money earned after the borrower has paid taxes and business-related expenses.  Here’s a blog that helps explain this more.

How do I qualify for a bank statement loan?

The qualifications for a bank statement loan may vary by lender. But in general, a borrower is required to have at least two years of self-employed income and business experience. Once a lender has determined income, they will decide the maximum loan amount allowed. This is based on the borrower’s debt-to-income ratio, a percentage of the monthly income that goes towards paying any debt they may have, including a mortgage.

NASB requires a minimum of two years of self-employment, 12 months of consecutive bank statements from the same account, and the borrower must have a 45% maximum debt-to-income ratio. The maximum loan amount is

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,000,000.

NASB Bank Statement Loan Webinar


In this recorded NASB webinar, Heather Howard explains how alternative forms of income verification can help self-employed borrowers secure a bank statement loan.


What Our Customers Say

Mohit M., May 25, 2021

★★★★★ (5)

"NASB always makes it easy and transparent to work with them. I know upfront what to expect - they're clear in their communication and keep their word. This was my third interaction with them and it's a fantastic experience working with the NASB team."

You must be self employed – which means you have to prove it by providing a letter from your accountant verifying that you have been in business for at least two years. You may also have to provide a business license if applicable. The bank statement lender may also accept a business listing, website address, etc.

A non-self employed co-borrower (someone with W2 earnings) may also be added to the loan as well as their income. There is no way around the self employed requirement but 1099 borrowers can qualify as well.

Down Payment – Some lenders may allow as little as 5% down but others will require up to 25% down. Sometimes, it is also determined by your credit score. If it drops below a particular threshold, then the lender may require a larger down payment.

It is critical to contact us early in the process to determine whether more is needed for your down payment. The good news is that gift funds from a relative are permitted and can be used towards the down payment.

Credit Scores – There are some bank statement lenders who offer programs for individuals with credit scores below 550 and maybe as low as a 500 FICO score. Keep in mind that your down payment requirement may increase and it is possible that your rate will as well.

We suggest speaking with a bank statement lender to find out what your personal scenario is.

Update January 2021 -All of the bank statement lenders have temporarily adjusted their guidelines. The minimum credit score today is 600. We are monitoring the situation daily and the down payment requirement may be less.

Bank Statement Home Loan Requirements – Most bank statement lenders require you to supply 12-24 months’ worth of bank statements to use as income verification. For personal bank accounts, they use 100% of the average. For business accounts, they will sometimes use 50% of the average. They will usually combine them both. The ability to use both business and personal accounts is a huge benefit.

Example

  • Personal Account – 24 months’ deposits with a total of 0,000 deposited Divided by 24 = ,250 monthly income
  • Business Account – 24 month’s deposits with a total of 0,000 deposited Divided by 24 = ,250 but will use 50% or ,125 monthly income  

*The bank statement lenders will take this income figure and will run it through their underwriting model to determine whether you qualify.

Assets – Your assets must be fully verified. This includes bank statements and any other assets that you would provide for a conventional loan. The more assets you can provide during the qualification process, the better chance you have to being approved for a bank statement loan. Additional assets also help those who have low credit scores.

Property Types – Single family primary residence, Second home, multi family, and investment

Find out now if you qualify and to get a Bank Statement Loan rate quote

Bank Statement Mortgage Lenders

Bank statement loans are not Fannie Mae, Freddie Mac, or government approved loans. The lenders who offer bank statement loans are taking on additional risk when originating these loans because the traditional qualification requirements required for a Fannie Mae approved loan are bypassed. They are solely using the funds deposited into the accounts as a basis for approval and not considering all of the expenses.

The lenders (often called portfolio lenders or Non-QM lenders) will keep these loans in their own portfolios or will sell them to investors. The appetite for the additional risk by both the lender and the investors often will have a significant impact on the down payment requirements and the rates.

These are just a few popular lenders who offer bank statement loans but they are not necessarily the best or a good fit for your loan scenario. Some may also be mortgage wholesalers and do not lend directly to consumers but instead utilize a broker network.

This is just a small sampling of the lenders who offer bank statement loans. The guidelines and requirements are changing often so let us help you to find the right lender for you

Complete this Request Quote Form to See if You Qualify

Bank Statement Mortgage Loan Rates

The bank statement mortgage rates are very competitive when you consider there is less documentation being provided to the lender. The rates will vary based upon your credit score, down payment amount, and whether you have a recent bankruptcy (or other credit event), and your average monthly bank deposits.

Bank statement mortgage loan rates will on average be at least 1-3% higher than conventional rates. Your credit score and down payment percentage will play a major role in determining your rate.

The difference in rates for a bank statement loan vs a conventional loan is due to lenders taking on additional risk with borrowers who cannot qualify using their tax returns. Rates for bank statement loans are not tied to what is happening in the market with conventional mortgage rates which is why you could see conventional rates falling while rates for bank statement loans could be rising.

Update January 2021 – Lenders who offer bank statement loans have rates that are similar which is why we recommend working with someone who fully understands the program and can close the loan on time.

bank statement loans

One Month Bank Statement Loan Program

Very few lenders have a bank statement home loan program which only requires one bank statement. It is a no income documentation type of loan for self-employed borrowers. The income is stated on the loan application but not verified.

The deposits into the personal bank statements are not critical. What the lender will look at is the bank statement activity. For example, if the income stated on the bank statement loan application is ,000 per month, but the activity or transactions on that statement looks like the borrower is living a very simple life, then the loan may not get approved.

Basic Requirements for the One Month Bank Statement Loan Program

  • The home must be owner occupied
  • Borrower must have good credit
  • The bank statement provided must be perfect with no negatives
  • A large balance in the accounts is not required but will help

If a one month bank statement mortgage loan is something you may be interested in, then let us help you to find the right lender.

Bank Statement Loan Related Questions

Do I have to be self employed to get a bank statement loan?
At least one borrower on the loan must be self employed for a minimum of two years. There can be a second borrower that is a W2 wage earner.

How to bank statement lenders verify that you are self employed?
Bank statement lenders will ask for your business license if applicable, they will look for a business listing online, your website and also a written letter from your accountant verifying that you have been in business for a minimum of 2 years.

Does the home have to be my primary residence?
Bank statement lenders will finance your primary residence, a vacation home or an investment property too. Up to 4 unit properties and it can also be a condo. However, the down payment requirements may be different for investment properties.

Can I qualify for a bank statement loan without 24 month’s bank statements?
You may still be able to qualify using just 12 months or if you have other compensating factors in your favor. There are lenders who have a 12 month bank statement mortgage program.

Can I qualify for a bank statement loan with bad credit?
There are lenders who will still work with you even with low credit scores. Many individuals have been able to get a bank statement loan with credit scores as low as 500.

What is the maximum DTI ratio (Debt to Equity) requirement?
Some lenders will go up to a 50% DTI or more. So, fill out the form to have someone contact you to see whether you qualify.

Can I get a bank statement loan if I am retired? You may still qualify if you are receiving deposits. There are plenty of options for retired individuals.

Why do mortgage lenders need bank statements?
Lenders need to verify whether you have the assets needed to close the loan and reserves for the next few months’ payments. In the case of a bank statement loan, the lender wants to see that you have a steady flow of money coming in because they are going to use that flow to qualify you for the loan.

Do one month bank statement loans exist?
One month bank statement loans are available but the terms are not as favorable. You may see higher down payments, higher interest rates, less forgiving on your credit history and limited availability.

Are bank statement loans non QM loans? Bank statement loans are considered to be non QM or Non-Qualified because they do not meet the qualifications of a conventional mortgage.

Where can I find a bank statement loan? Bank statement loans are available in all 50 states. Not all lenders or banks offer them. That is where we can help you to get matched with the right lender.

Who are some of the lenders that offer bank statement loans? Some of the bank statement mortgage lenders include North Star Funding, Citadel Servicing, First National Bank of America, Mortgage Depot, Angel Oak Mortgage Solutions, Carrington, and others.

The list does vary and we are connected to the best bank statement lenders in the industry. As a consumer it is not easy to know which of these (or others) are best for you. Let us help you to find the lender that fits your scenario the best. That is what we do.

Still have questions? Contact us for a free consultation!

We are able to help you to find a bank statement loan with the best bank statement lenders in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

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bank statement loans

Self employed borrowers, as well as those who earn seasonal income, may be eligible to qualify for a bank statement loan program.  Bank statement loans allow you to use your bank statements to verify income instead of tax returns.  These programs are utilized by a wide range of self-employed professionals, including small business owners, freelancers, independent contractors, and many other types of self-employed people.

What Do Bank Statement Loans Offer?

Bank statement lenders offer programs with the following potential advantages:

  • Credit scores as low as 500 accepted.
  • Loan amounts available up to ,000,000.
  • DTI ratios as high as 50.49%.
  • LTVs up to 90% with no MI.
  • Financing is available for primary residences, second homes, and investment properties.
  • Personal or business bank accounts can be used.
  • Options to use 12 or 24 months worth of bank statements (and one lender that allows you to use only 1 month’s bank statement).

The exact requirements to get a bank statement loan vary from lender to lender.  You can view 5 of the best bank statement lenders below.  If you would like some assistance finding a lender, we can help match you with a lender.

Click here to get matched with a bank statement mortgage lender

Bank Statement Mortgage Lenders

Below are 5 of the best mortgage lenders that offer bank statement loans:

1 – Acra Lending

Acra Lending offers a 12 month bank statement program that will allow you to use 100% of your personal account deposits, and 50% of your business account deposits.

Details of Acra Lending’s Bank Statement Program:

  • Loan amounts are available up to ,000,000.
  • Self-employed and 1099 borrowers are allowed.
  • No 4506T required.
  • Available for both owners occupied and investment properties.
  • No waiting periods after a bankruptcy, foreclosure, or short sale.
  • They offer these loans in the following states:  AL, AR, AZ, CA, CO, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, and WY.

Click here to learn more about Acra Lending’s bank statement program

2 – Angel Oak Mortgage Services

Angel Oak offers a 24 month bank statement program, which allows you to use both your personal and business bank statement accounts.

Details of Angel Oak’s Bank Statement Program:

  • Loan amounts are available from 0,000-,000,000.
  • Credit scores as low as 660 are accepted.
  • Up to a 85% LTV with no MI.
  • 2 years of self-employment required.
  • Available for owner occupied and investment properties.
  • 4 years seasoning after a bankruptcy, foreclosure, or short sale.
  • They offer these loans in the following states:  AL, AZ, CA, CO, CT, DE, DC, FL, GA, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, NJ, NV, NC, OK, OH, OR, PA, SC, TN, TX, UT, VA, WA and WI.

Click here to learn more about Angel Oak’s bank statement program

3 – Cross Country Mortgage

Cross Country Mortgage offers a 24 month bank statement (only personal bank statements may be used).

Details of Cross Country’s Bank Statement Program:

  • Loan amounts are available up to ,000,000.
  • They do not have a set minimum credit score, but require good or excellent credit.
  • The highest LTV allowed is 80%.
  • DTI ratios up to 50%.
  • Available for owner occupied, investment properties, and second homes.
  • They offer these loans in the following states:  AL, AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, and WY.

Click here to learn more about Cross Country’s bank statement program

4 – Northstar Funding

Northstar Funding offers a 24 month bank statement program.  You may use both your personal and business bank statements.

Details of Northstar’s Bank Statement Program:

  • Loan amounts are available up to ,000,000.
  • The minimum credit score required is 680.
  • The highest LTV allowed is 90%.
  • DTI ratios up to 50%.
  • Available for owner occupied and investment properties.
  • They offer these loans in the following states:  CA, CO, CT, DC, FL, GA, IL, MD, NC, NJ, NY, OR, PA, RI, and SC.

Click here to learn more about Northstar Funding’s bank statement program

5 – First National Bank of America 

First National Bank of America offers a 12 month bank statement program.  You may use both your personal and business bank statements.

Details of First National’s Bank Statement Program:

  • No minimum loan amount.
  • The highest LTV allowed is 75%.
  • The maximum DTI ratio allowed is 55%.
  • No waiting periods after a bankruptcy, foreclosure, or short sale.
  • They offer these loans in the following states:  AL, AR, AZ, CA, CO, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, and WY.

Click here to learn more about First National’s bank statement program

Need Help Finding a Bank Statement Lender?

The above lenders are just some of the best options for borrowers looking for a bank statement loan.  If you would you like some assistance finding a bank statement mortgage lender, we would be glad to help you.  Please fill out this form, in order to be matched with a lender.

DIRECT LENDER

Mortgage for the Self-employed
Contractors & Freelancers

Interest Only Jumbo Experts. Mortgages from 0k to .5 million. Fixed Rates start at 4% to 7% for 30 or 40-years. Up to 90% financing.

Qualify to purchase or refinance a house with only your bank statements, down payment or equity, credit rating and property valuation. No need for tax returns or W2s.

No appointments necessary
Mortgage Bankers hours 9am-6pm PST

Mortgage for the Self-employed
Contractors & Freelancers

Interest Only Jumbo Experts. Mortgages from 0k to .5 million. Fixed Rates start at 4% to 7% for 30 or 40-years. Up to 90% financing.

Qualify to purchase or refinance a house with only your bank statements, down payment or equity, credit rating and property valuation. No need for tax returns or W2s.

OptionWide® Financial Active License States
BANK STATEMENT Mortgage Program active license states: AZ CA CO FL GA IA IL IN MD MI MN NE OH OK OR PA TX WA WI

OptionWide® Financial offers a full range of Non-QM loan programs for borrowers who lack the required documents to qualify for a conventional mortgage.

Our Bank Statement program is designed for purchase or refinance a primary, second home, or investment properties. Single family, townhomes, or condos. Under the program, we use bank statements to verify your income rather than using tax returns.

OptionWide Financial Bank Statement Mortgage for your 2nd home

Self-Employed Bank Statement loans for 2nd home or Airbnb

Bank Statement Mortgage for SFR

30yr fixed rate non-QM mortgage for primary home or rental

Bank Statement mortgage for your retreat or investment

No appointments necessary
Mortgage Bankers hours 9am-6pm PST

OptionWide® Financial Active License States
OptionWide® BANK STATEMENT Mortgage Program active license states:
AZ, CA, CO, FL, GA, IA, IL, IN, MD, MI, MN, NE, OH, OK, OR, PA, TX, WA, WI

Contact Mortgage Banker

Quick Response Form

No cost. No obligation.
  • Fixed interest rates starting in the 3s
  • 15, 30 or 40 year term mortgages
  • Borrow from 0,000 to ,500,000: ○ Max loan on primary home .5M ○ Max loan on 2nd home .5M

    ○ Max cash-out

     thumbnail
    ,000,000

  • Loan To Value considerations: ○ Max LTV 90% on primary home purchase ○ Max LTV 80% on 2nd Home

    ○ MAX LTV 80% on refinance/cash-out

  • Fixed rate Interest-only option – available
  • Fixed rate Interest buy-down option – available
  • Qualify on12 or 24 months business or personal deposits history shown on Bank Statements, or: ○ 1099 income option – available

    ○ CPA Certified P&L option – available

  • Minimum FICO score 660
  • Down Payment or Equity in Property
  • Property Appraisal (out-of-pocket expense)
  • 6 to 12 months reserves (purchase only)
  • NO Tax Returns
  • NO Paystubs or W2s
  • Primary residence:○ Single family home○ Condo / Non-Warrantable Condo

    ○ Townhouse

  • Second home
  • 1-4 unit residential investment properties
  • Multiple properties allowed
  • Self-employed business owners, investors, contractors and entrepreneurs are welcome
  • First-time home buyer allowed
  • No prepayment penalty (on primary or 2nd home)
  • No balloon payments
  • Foreign national borrower allowed
  • Direct to borrower lending: ○ Flexibility with in-house underwriting ○ Better deals without intermediaries ○ Minimal documentation requirement ○ Faster processing and timeley funding

    ○ Ask about Match & Beat rate/terms offer

  • Get a formal FREE Mortgage Pre-Approval Letter directly from lender
  • Fixed interest rates starting in the 3s
  • 15, 30 or 40 year term mortgages
  • Borrow from 0,000 to ,500,000: ○ Max loan on primary home .5M ○ Max loan on 2nd home .5M

    ○ Max cash-out

     thumbnail
    ,000,000

  • Loan To Value considerations: ○ Max LTV 90% on primary home purchase ○ Max LTV 80% on 2nd Home

    ○ MAX LTV 80% on refinance/cash-out

  • Fixed rate Interest-only option – available
  • Fixed rate Interest buy-down option – available
  • Qualify on12 or 24 months business or personal deposits history shown on Bank Statements, or: ○ 1099 income option – available

    ○ CPA Certified P&L option – available

  • Minimum FICO score 660
  • Down Payment or Equity in Property
  • Property Appraisal (out-of-pocket expense)
  • 6 to 12 months reserves (purchase only)
  • NO Tax Returns
  • NO Paystubs or W2s
  • Primary residence:○ Single family home○ Condo / Non-Warrantable Condo

    ○ Townhouse

  • Second home
  • 1-4 unit residential investment properties
  • Multiple properties allowed
  • Self-employed business owners, investors, contractors and entrepreneurs are welcome
  • First-time home buyer allowed
  • No prepayment penalty (primary or 2nd home)
  • No balloon payments
  • Foreign national borrower allowed
  • Direct to borrower lending: ○ Flexibility with in-house underwriting ○ Better deals without intermediaries ○ Minimal documentation requirement ○ Faster processing and timeley funding

    ○ Ask about Match & Beat rate/terms offer

  • Get a formal FREE Mortgage Pre-Approval Letter directly from lender

You can pull out up to

 thumbnail
million equity out of your existing property using cash-out refinance.

The lump sum loan proceeds can be spent on pretty much anything you want. A cash-out refinance might be a good way to pay for a home improvement project, debt consolidation or unexpected car repairs, or purchase another property to accelerate your real estate growth.

Contact us today to find out whether you’re eligible for a cash-out refinance and how much money you could pull out.

You can pull out up to

 thumbnail
million equity out of your existing property using cash-out refinance.

The lump sum loan proceeds can be spent on pretty much anything you want. A cash-out refinance might be a good way to pay for a home improvement project, debt consolidation or unexpected car repairs, or purchase another property to accelerate your real estate growth.

Contact us today to find out whether you’re eligible for a cash-out refinance and how much money you could pull out.

Bank Statement financing for vacation homes

Self-employed or investor Bank Statement loan for duplexes

OptionWide® is a Direct Lender financial institution where we make all credit decisions and exceptions in-house, providing flexible qualification and faster funding.

OptionWide® offers mortgages in 32 states*. Working with us you’ll be able to get the bigger loan amount, best available rates and terms.

Utilizing fully automated systems and having easily reachable Expert Mortgage Bankers who are ready to help with the application process — you will be delighted with the lower costs, less frustration, and faster funding.

Ask for a FREE formal pre-approval letter to give you a leg up when house hunting.

*OptionWide® BANK STAEMENT Mortgage Program active license states: AZ, CA, CO, FL, GA, IA, IL, IN, MD, MI, MN, NE, OH, OK, OR, PA, TX, WA, WI

This website is the property of OptionWide® Financial Corporation

Fastest Path to Funding

GET A QUOTE

No cost. No obligation.

Fill out this form and our Mortgage Banker will guide you
through the final application step

Fastest Path to Funding

GET A QUOTE

No cost. No obligation.

Fill out this form and our Loan Banker will guide you through the final application step