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Bank Statement Loan old

The home loan solution for self-employed borrowers who can qualify with bank statements instead of having to show tax returns or pay stubs.




Call us 855-921-4921 

Key Features

No tax returns required

As low as 10% down payment

Great option for self-employed borrowers


A Bank Statement Loan may be the solution for self-employed borrowers

When you're self-employed, you don't have the luxury of being able to provide pay stubs or show net income on tax returns when you're trying to secure a mortgage loan. Not having these required documents can make getting approved difficult, even if you have good credit. Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs. We look at your income over 12 months using bank statements, and if you meet our criteria, you can get a mortgage loan with a competitive rate.

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Bank Statement Loan FAQs

Bank statement loans allow self-employed borrowers to apply for a home loan without having to provide pay stubs and W-2's from the past two years of employment.  Lenders look at the borrower's bank statements to determine if they can produce sufficient income to warrant approval for a mortgage loan.  Here's a blog that can explain more.
Interest rates for Bank Statement Loans are dependent on the borrowers’ credit score, income, down payment, and reserves. Call us today to obtain a rate quote based on your circumstances.

Like a traditional mortgage loan, you should maintain a good credit score (680 and up) to be approved for a bank statement loan.

With bank statement loans, the lender uses bank statements to analyze a borrower's income instead of using standard documentation. Lenders that offer bank statement loan programs will look at a borrower's bank over a 12 to 24 month time period to determine the borrower's net income, which is the amount of money earned after the borrower has paid taxes and business-related expenses.  Here’s a blog that helps explain this more.

NASB requires at least two years of self-employment, 12 months of consecutive bank statements from the same account, up to 85% max LTV, and the borrower must have a 45% maximum debt-to-income ratio. The maximum loan amount is $1,250,000.

The qualifications for a bank statement loan may vary by lender. But in general, a borrower is required to have at least two years of self-employed income and business experience. Once a lender has determined income, they will decide the maximum loan amount allowed. This is based on the borrower’s debt-to-income ratio, a percentage of the monthly income that goes towards paying any debt they may have, including a mortgage.

A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.



Bank Statement Loan Requirements

  • Must provide 12 months of consecutive bank statements from the same account
  • 10% down payment required with mortgage insurance
  • Up to 90% max LTV
  • 680 minimum credit score
  • 45% maximum debt-to-income ratio
  • $1,250,000 maximum loan amount, $175,000 minimum*
  • Must escrow for taxes and insurance
  • Minimum of 2 years self-employment or 1099 contract work with exception can be made to 1 year self employed if same line of work prior



Video - How to Get a Home Loan if You're Self-Employed

Watch this video to find out the two ways you can get a mortgage loan if you're self-employed without W2s or pay stubs.


What Our Customers Say
Darren C., February 6, 2022
★★★★★ (5)

"My loan officer was always very quick to respond to my emails and phone calls. He was extremely knowledgeable and helpful. I sell for a builder here in Florida and NASB and this type of loan, Bank Statement Loan, is now one I refer my clients to."

$31 Billion in home loans

In the last decade based on lender data

103,000 home loan customers since 2010

Based on lender data

90 Net Promoter Score

Based on closed loan customer surveys from 6/1/2022 to 5/30/2023

Nationally competitive products. Individualized service.


*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.