Self-Employed Bank Statement
Getting you the mortgage you deserve
- Min Credit Score 640,
- Max LTV 90%
- Loans up to $4 million with a minimum of $150,000
- Owner-occupied, second homes, and investment properties
- 12 or 24 months' business or personal bank statements
- Borrowers can own as little as 25% of the business
- Two years' seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- 1099 option available
- Profit and Loss (P&L) statements are a valid form of income verification
- Permanent and non-permanent residents allowed
- Loans will be qualified using a default expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA, tax preparer, or bookkeeping company (some industries with traditionally higher expense factors, such as restaurants, will be underwritten with a 70% expense factor).
Self-Employed? Get Pre-Approved in as Little as 15 Minutes
No tax returns needed — get your bank-statement loan pre-approval in as little as 15 minutes.
To get started, please have these handy:
- 12 months of personal or business bank statements
- A photo ID
- A business license or letter from your CPA
- Profit and Loss statement, if available
