Bank statement loans are specialty mortgage programs designed for self-employed borrowers who have trouble showing their income through traditional documentation. Instead of W-2s or tax returns, qualification is based on 12-24 months of personal or business bank statements — giving a more accurate picture of your actual earning capacity. This is ideal for business owners, freelancers, and entrepreneurs whose tax returns understate their true income due to business write-offs. Contact Q Home Loans to discuss your situation.
Business owners who maximize deductions often show low taxable income. Bank statement loans use actual cash flow instead.
Your real income — shown by deposits — is often much higher than what your tax returns reflect.
Bank statement loans are available up to $3M, making them ideal for high-income self-employed buyers.
Primary residence, second home, investment property — all eligible for bank statement financing.
Use whichever statements show the strongest income picture — we'll help you determine the best approach.
No need to share detailed business tax returns with your lender — just bank statements.
Get answers to common questions about bank statement loans.
For personal bank statements, we average your monthly deposits over 12–24 months. For business statements, we apply an expense factor (typically 50%) to calculate net income.
Yes. Bank statement loans are specifically designed for self-employed borrowers. You'll need to document at least 2 years of self-employment.
Most bank statement loan programs require a minimum 680 credit score. The best rates and terms are available at 720+.
Yes. Bank statement loans are available for primary residences, second homes, and investment properties.
Most programs require 12 months of statements. Some lenders offer 24-month programs for borrowers with more variable income.
Q Home Loans specializes in bank statement loans for homebuyers in Washington, Idaho, and the Pacific Northwest.