Self-employed? Bank statement financing may provide another way to document income for your next mortgage.
Get Pre-ApprovedA bank statement mortgage uses eligible deposits to evaluate self-employment income, rather than relying on tax returns for that income calculation.
These loans are typically non-QM programs with lender-specific requirements. Credit, debts, assets, and repayment ability still matter.
Our Houzd Mortgage team will compare bank statement financing with traditional options before recommending a path.
Explore another way to document your income.
Eligible deposit history can help establish qualifying income.
Designed for eligible business owners, independent contractors, and other self-employed applicants.
Some programs accept either account type, with different analysis rules.
Purchase, rate-and-term, and cash-out options may be available.
Eligible occupancy and property types depend on the lender and program.
Compare payments, rates, fees, and cash requirements with our team.
Lenders identify eligible deposits and exclude or document transfers, borrowed funds, and unusual deposits. Business expenses and ownership share may affect the calculation.
The resulting income is evaluated alongside your monthly debt obligations.
Expense factors vary by program and business. Some lenders accept additional expense documentation from a qualified third party. We'll confirm the applicable rules before estimating buying power.
Bank statement financing may be worth discussing if:
Our Houzd Mortgage team will help work through the details.
Share how you earn and your financing goals.
Analyze deposits and required supporting documents.
Review income calculations, costs, and qualifications.
Complete appraisal, underwriting, and closing.
Let's review your income and build a financing plan around your goals.
