Bank Statement Loan
Self-employed? Qualify with your deposits
Bank statement loans are designed for self-employed borrowers who show strong revenue but have lower taxable income after deductions. Qualify using 12–24 months of personal or business bank statements instead of tax returns.
Key Advantages
Why Choose a Bank Stmt?
Here's what sets this loan product apart and who it works best for.
No Tax Returns Needed
Your average monthly deposits — not net income — are used to determine qualifying income.
Business or Personal Statements
Use personal bank deposits (100% counted) or business deposits (50–100% counted based on expense ratio).
Wide Range of Properties
Eligible for primary residences, second homes, and investment properties.
Competitive Rates
Rates are competitive with other non-QM products and often lower than hard money alternatives.
Calculator
Loan Calculator
Estimate your monthly payment and total interest over the loan term.
Loan Term
Monthly Payment
$1,996/mo
Total Interest
$418,527
Total Paid
$718,527
Calculator results are estimates only and do not constitute a loan offer, pre-approval, or commitment to lend. Actual terms may vary.
Eligibility
Qualification Requirements
General guidelines for Bank Statement Loan eligibility. Requirements vary by lender and scenario.
| Requirement | Guideline |
|---|---|
| Minimum Credit Score | 660+ |
| Bank Statements Required | 12–24 months |
| Minimum Down Payment | 10% |
| Self-Employment | 2+ years self-employed (typically) |
| Business or Personal | Either type accepted |
These are general guidelines only. Specific program requirements may vary. Contact us for a personalized review of your scenario.
FAQ
Frequently Asked Questions
Common questions about Bank Statement Loan loans.
Get Started Today
Ready to explore Bank Statement Loan?
Answer a few quick questions and get a personalized strategy recommendation — including whether Bank Stmt is right for your situation.
West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.
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