Bank statement loans
Your write-offs shouldn't cost you the house.
Self-employed borrowers qualify here on 12 or 24 months of deposits, never tax returns, with leverage to 90% LTV and no PMI and loans to $5 million+.
Program snapshot
Bank statement at a glance
- Qualifies on
- your deposits
- Tax returns
- never required
- Leverage
- up to 90% LTV, no PMI
- Statements
- 12 or 24 months
- Loan amounts
- to $5M+
Program menus from specialty wholesale lenders. Terms vary by tier and program and change without notice. Not an offer or approval.
Built for how business owners actually get paid.
We broker dozens of wholesale lenders, including the specialty shops whose guidelines treat self-employment as normal, because it is.
90%
max LTV, no PMI
10% down, no tax returns
Standard alternative-doc programs hover near 80%. Select specialty lenders go to 90% LTV on primary-residence purchases, with no monthly mortgage insurance despite the leverage.
- 700 to 720+ credit for the top tier
- Single-family homes, PUDs, warrantable condos
- No PMI line on the payment
10%
expense factors, as low as
Your write-offs stop hurting you
Lenders assume 40 to 50% of business deposits go to expenses. With a CPA, EA, or CTP letter, low-overhead businesses can document factors down to 10 to 20%, and qualifying on personal deposits can mean no expense factor at all.
- Built for consultants, realtors, attorneys, developers
- 100% personal-statement option with a 0% factor
- Deposits count, not what your tax return admits to
$5M+
loan amounts to
Jumbo without the paperwork
Conventional jumbo wants two years of full tax returns and strict ratios. Alternative-doc jumbos run $3 million to $5 million and beyond on the same bank-statement math.
- High-end primary purchases on 10 to 20% down
- No tax returns at any loan size
- Second homes and investment options too
Told no somewhere else?
Banks underwrite the tax return. We underwrite the business.
The business is newer than two years
Twelve months of statements can carry the file instead of twenty-four, which rewards a business whose best year is this year. Select programs accept one year of self-employment, or twelve months plus two prior years in the same line of work, with ownership stakes down to 25%.
You'd rather not hand over 24 statements
P&L-only programs accept a 12 or 24 month profit and loss prepared by your CPA, EA, or CTP, sometimes paired with just two months of statements. No line-by-line deposit interrogation, no debates over one large transfer.
The ratios are tight
Debt-to-income can stretch to 50%, and up to 55% with strong compensating factors like deep reserves or lower leverage. If deposits still fall short, hybrid programs let liquid assets, brokerage accounts, retirement funds, and cash bridge the gap.
There's a credit event in the rearview
Conventional makes you wait four to seven years after a bankruptcy, foreclosure, or short sale. Specialty bank-statement programs work with zero to two years of seasoning, priced honestly for where you are in the recovery.
You're 1099, not incorporated
Contractors, agents, and commission earners have a lane of their own: 1099-only programs qualify you on the 1099 forms themselves, one or two years of them, with up to 90% of the gross counted as income. No bank statements, no tax returns, no debating deposits line by line.
From statements to quote, fast.
- 1
Send statements, skip the returns
Twelve or twenty-four months, business or personal accounts. Two minutes to start the conversation.
- 2
We engineer the income
Expense factor matched to your industry, the CPA letter or P&L route when it wins, and asset depletion to bridge any gap. Your file goes to the lenders whose math likes it.
- 3
Quote in hand
Tier options laid side by side, fast.
The quick eligibility check.
- No tax returns or W-2s
- 12 or 24 months of statements
- Business or 100% personal accounts
- Self-employed from 1 year
- DTI to 50-55% with compensating factors
- P&L-only options with a CPA
- 1099-only qualifying
Buying a rental instead of a home? Our DSCR programs skip income documentation entirely and qualify on the property's rent.
Straight answers
What is a bank statement loan?
A mortgage that documents your income from what actually lands in your accounts over 12 or 24 months, instead of what your tax return admits to after write-offs. It is the standard tool for self-employed borrowers, business owners, and 1099 earners whose returns understate what they really make.
How is my income calculated from deposits?
On business accounts, lenders apply an expense factor: typically they count 50 to 60% of deposits as income, assuming the rest ran the business. That default is negotiable. A letter from your CPA, EA, or CTP documenting low overhead can drop the factor to 10 to 20% for service businesses, and qualifying on personal-account deposits can carry no factor at all. Getting this number right is where we earn our keep.
Is 10% down real, and what is the catch?
Real, on select programs: 90% LTV for primary-residence purchases with no monthly PMI. The requirements are the catch: plan on a 700 to 720+ credit score and a standard property type, and the leverage is priced into the rate rather than a PMI line. When 90 doesn't fit, 85 and 80 are right behind it.
I've only been self-employed for a year. Do I qualify?
Often, yes. Select programs accept one year of self-employment history, or twelve months paired with two prior years in the same field as an employee. Partial owners qualify too, down to a 25% stake in the business.
What about a past bankruptcy, foreclosure, or short sale?
You will not wait the four to seven years conventional demands. Specialty programs work with as little as zero to two years of seasoning after a major credit event. Leverage and pricing adjust for the recency, and we will show you exactly how much waiting another year would change the deal.
I'm a 1099 contractor. Do I still need bank statements?
Not necessarily. 1099-only programs qualify you on the 1099 forms themselves: one or two years of them, with up to 90% of the gross counted as income and no bank statements or tax returns in the file. It's often the cleanest route for contractors, real estate agents, and commission earners paid by a handful of companies.
How large can the loan be?
Alternative-doc jumbos run to $3 million to $5 million and beyond, without the two years of tax returns conventional jumbo requires. High-end purchases are where skipping the returns saves the most pain.
Bring the business you actually built.
Two minutes to send your scenario. No tax returns, no cost, no obligation, and a quote from the whole specialty menu.
Guthix Lending • NMLS# 2672037 · Bank statement programs are alternative-documentation loans. Leverage, credit minimums, expense factors, reserve requirements, and pricing vary by program and tier, and program menus change without notice. Figures shown reflect the most favorable available tiers, including 90% LTV, which applies to primary-residence purchases on select programs and is not offered in every scenario or state. Credit-event seasoning options affect pricing and leverage. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.