Simplify Your Mortgage with a Bank Statement Loan

Get started

What is a Bank Statement Loan?

A Bank Statement Loan is specifically designed for self-employed individuals who may not have traditional income documentation, such as W-2s or tax returns. Instead of relying on these documents, lenders use your bank statements to verify your income.

This type of loan is ideal for freelancers, business owners, and independent contractors who have a steady flow of deposits but lack conventional proof of income.
Bank Statement Loans offer flexible income verification, making it easier for you to secure the mortgage you need. These loans often come with competitive rates and flexible terms, tailored to suit your unique needs.

Loan Benefits

Flexible Income Verification

Use your bank statements to verify income, bypassing the need for traditional documentation like W-2s or tax returns.

Competitive Rates

Enjoy favorable interest rates tailored to your financial situation, helping you save money over the life of your loan.

Streamlined Process

Our simplified application and approval process ensure you get the funds you need quickly and efficiently.

Eligibility Requirements

Minimum of 12 months of bank statements
Proof of self-employment for less than two years
Good credit score (specific score requirements vary)
Proof of sufficient assets to cover down payment and closing costs
Verification of no significant recent financial issues (e.g., bankruptcies, foreclosures)
Debt-to-income ratio within acceptable limits

Start your Bank Statement Loan Application

Frequently asked questions

What types of bank statements are required?

We typically require 12 to 24 months of personal and/or business bank statements to verify your income.

Can I use this loan to refinance my existing mortgage?

Yes, Bank Statement Loans can be used for both purchasing a new home and refinancing an existing mortgage.

What is the minimum credit score needed for a Bank Statement Loan?

While requirements vary, a minimum credit score of 620 is typically needed to qualify.

How is my income calculated for a Bank Statement Loan?

Lenders will review your monthly deposits over the specified period to calculate your average monthly income.

Are there any restrictions on the types of properties that can be financed with a Bank Statement Loan?

These loans can be used to finance a variety of property types, including primary residences, second homes, and investment properties.

See what our clients say about us

We are humbled by the kind words of our clients. And we are happy that we were the ones to help turn their mortgage goals into reality.

First-Time Homebuyers' Delight

Suzie and the Truss Financial Group exceeded our expectations in securing our mortgage as first-time homebuyers. Suzie's expertise and guidance made the potentially daunting process incredibly smooth and manageable.

Robert F.

San Tan Valley, AZ, Software Engineer

Great for Bank Statement Loans

I did a bank statement income loan and it chose to not include some deposits. This is just a heads up, not a complaint. Truss is definitely a good company, and I would ABSOLUTELY work with them again. Marcus was honest and helpful throughout the process.

Berj F.

Concord, CA, Business Owner

Personalized Service

"I am more than pleased to work with Delania Tak and would confidently recommend her to anyone seeking reliable assistance in securing a loan. Her commitment to excellence and personalized care make her an exceptional choice."

Howard L.

CA, Real Estate Investor

Cash-Out Refinance Made Easy

Thank you so much to Guillermo Correa and Truss Financial. They made doing my cash-out refinance a piece of cake! The interest rate was much lower than other lenders I checked with. The fees were reasonable, and the timeline was very smooth.

RealEstateLady 1.

Sandy, OR, Real Estate Broker

Exceptional for Self-Employed

After months of struggling with other lenders, Paul at Truss Financial made it easy to complete a cash-out refinance of a new primary residence. As a small business owner and real estate investor, my income situation is complicated but Paul was able to guide me through the process with relative ease.

Baird K.

New York, NY, Small Business Owner and Real Estate Investor

Innovative Solutions for Self-Employed

Garrett Jimenez was super creative and helpful every step of the way. Being self-employed makes getting a loan difficult. But he found ways to overcome each and every hurdle and really hit a home run for us.

Jason M.

Rancho Cucamonga, CA, Self-Employed Individual