Bank Statement Loans Qualify with Bank Statements, Not Tax Returns
Kevin Kelly, Senior Mortgage Advisor at Progress Lending, LLC
Kevin Kelly, Senior Mortgage Advisor
Progress Lending, LLC
Phone: (602) 780-2939
Email: [email protected]
NMLS# 245238
Company NMLS# 2326329
Licensed in: AZ, CA
This advertisement does not constitute a loan approval or loan commitment. Loan Approval and/or loan commitment is subject to final underwriting review and approval. Terms subject to change. Equal Housing Lender.
Bank Statement Loans
Bank Statement Loans Qualify with Bank Statements, Not Tax Returns
What Are Bank Statement Loans?
Income Calculation Example
Who Benefits from Bank Statement Loans?
Bank Statement Loan Requirements
Credit Requirements
Bank Statement Requirements
Loan Terms
Program Options
Personal Bank Statements
Business Bank Statements
Benefits of Bank Statement Loans
Frequently Asked Questions
Ready to Get Started?
LOAN PROGRAMS
Perfect for self-employed borrowers, business owners, and 1099 contractors who have strong cash flow but write off significant expenses on their tax returns. Use your bank deposits to qualify for the home you deserve.
Bank statement loans are non-QM mortgages designed for self-employed borrowers, business owners, and independent contractors who have difficulty qualifying for traditional loans due to tax write-offs. Instead of using tax returns to verify income, lenders review 12-24 months of bank statements to calculate your qualifying income based on actual deposits.
These specialized loans are designed for borrowers with non-traditional income documentation.
Flexible qualification guidelines designed for borrowers with strong cash flow.
Higher scores unlock better rates and higher LTV options
Business accounts may use higher expense factors
Choose the bank statement program that fits your situation.
For 1099 contractors & gig workers
Use 12-24 months personal statements
Lower expense factor (10-20%)
Up to 90% LTV available
Best for sole proprietors
For LLCs, S-Corps, & partnerships
Use 12-24 months business statements
Higher expense factor (30-50%)
Up to 85% LTV available
Best for incorporated businesses
Why self-employed borrowers choose this financing solution.
Common questions about bank statement loans
Don't let tax write-offs stop you from qualifying for the home you deserve.
| . All loan programs, rates, terms, and conditions are subject to change without notice. Not all loan programs are available in all states. Other restrictions and limitations may apply. This is not a commitment to lend or extend credit. All loans are subject to credit approval. Equal Housing Opportunity.
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