Bank Statement Loan

A bank statement loan is designed for self-employed borrowers or those with non-traditional income who may not qualify using standard tax return documentation.

Instead of W-2s or pay stubs, lenders review recent personal or business bank statements to verify income.

These loans may allow more flexibility for entrepreneurs, freelancers, and small business owners, though they often require stronger credit, larger down payments, and may carry higher rates than traditional programs. Guidelines vary by lender, and not all borrowers will qualify.