Bank Statement Loans
Qualify with your bank deposits instead of tax returns
A Non-QM option for self-employed borrowers and business owners whose tax returns understate their true cash flow. Income is calculated from 12 or 24 months of bank statements. Available through our wholesale lending network.
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What this program offers and who it tends to fit best.
01
No tax returns required
Leave the 1040s and K-1s out of the file entirely.
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12 or 24 months of statements
Choose the statement window that most accurately reflects your income history.
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Personal or business accounts
Qualify using the account type that shows your cash flow most accurately.
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Flexible property types
Available for primary residences, second homes, and investment properties.
01
Realistic income calculation
Your deposits tell the story your write-offs hide.
02
Built for business owners
Designed around how entrepreneurs actually document income.
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Competitive loan amounts
Loan sizes that fit real purchases, beyond many traditional limits.
04
A path back to yes
An option when conventional underwriting says no.
frequently asked questions
Common questions about this loan program.
A bank statement loan qualifies self-employed borrowers using deposits into their bank accounts instead of tax returns. It exists because business owners who take legitimate deductions often show income on paper that understates what they actually earn.
The lender reviews 12 or 24 months of statements, totals qualifying deposits, and applies an expense factor to arrive at a monthly income figure. The factor varies by lender and by business type, and your loan officer can tell you which window produces the stronger result.
Both are typically accepted. Personal statements are often simpler when business income is regularly transferred to personal accounts. Business statements can work better when revenue stays in the business. Your loan officer can review both before you commit to one.
Bank statement loans fit self-employed borrowers, business owners, and independent professionals who have been in business at least two years and whose tax returns do not reflect their actual cash flow. They are also useful when income has grown recently.
No. Bank statement programs are built specifically to avoid tax returns, K-1s, and profit and loss schedules. Credit, assets, and the property are still fully reviewed.
Talk with a licensed City First Mortgage loan officer about your goals, your timeline, and which program fits. No cost, no obligation, and no credit pull to start the conversation.
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