Can You Get a Mortgage With Bank Statements Only?
Yes — you can get a mortgage using only bank statements. Bank statement loans qualify self-employed borrowers on 12 to 24 months of actual deposits instead of tax returns, so the income your business really generates does the talking, not the taxable income left after deductions.
Who are bank statement loans built for?
Business owners, contractors, freelancers, commission earners, gig professionals — anyone whose tax strategy legitimately minimizes taxable income. Traditional underwriting reads your return after write-offs and concludes you earn less than you do. Bank statement underwriting reads your deposits and sees the truth. Full details on our bank statement loans page.
How do lenders calculate income from bank statements?
Personal statements: deposits are averaged over the statement period. Business statements: an expense factor is applied to reflect operating costs, and the remainder counts as income. Twelve months is a common minimum; twenty-four often strengthens the picture. Irregular months matter less than the overall pattern.
What will I need besides the statements?
Evidence of self-employment history (typically two years), reasonable credit, a down payment, and reserves. It is a fully underwritten loan — the documentation style changes, the diligence does not. That distinction is why bank statement lending is nothing like the no-doc loans of the past.
Frequently Asked Questions
Do deposits from multiple businesses count?
Often yes. Programs can combine income from multiple entities, though documentation gets more detailed. Bring all accounts to the first conversation so nothing qualifying gets left out.
Will transfers between my own accounts count as income?
No — internal transfers are excluded during analysis. This is a common surprise; we pre-analyze your statements the way an underwriter will so the number you expect is the number that survives.
Can I use a bank statement loan for an investment property?
Yes, and self-employed investors often pair the two strategies: a bank statement loan for a primary home, DSCR loans for the rentals.
Is the pricing worse than a conventional loan?
Non-QM pricing reflects the flexibility, and it varies by scenario — but for many entrepreneurs it is the difference between buying and waiting years for tax returns to catch up. We quote your actual scenario, not a generic table.
Wondering what your deposits qualify you for? Gather your last 12 months of statements and start a conversation. Jimmy D. Williams, TPRG Capital, NMLS #2692844 — we speak self-employed fluently.
This content is for general information only and is not a commitment to lend or an offer of specific terms. Program guidelines, qualification requirements, and terms are subject to change without notice. All loans subject to credit approval. TPRG Capital, Jimmy D. Williams, NMLS #2692844. Equal Housing Lender. Licensed in Texas.