Bank Statement Loan Program

Entrepreneurs, freelancers, small business owners, and self-employed borrowers — don't let your taxable income stop you from getting a low-rate mortgage. We have a flexible loan option specifically made for you. With our bank statement loan, you can buy or refinance a home without having to provide tax returns and extensive documentation. Because your time should be spent running your business, not running down paperwork for a mortgage.

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What are bank statement loans?*

It’s common for borrowers to verify their income using tax returns and W-2s. But not all borrowers can prove their income and assets this way. A bank statement loan allows self-employed borrowers, small business owners, entrepreneurs, and freelancers to obtain a mortgage without traditional documentation.

Why waste your time trying to provide extensive documentation for a home loan? Consider a bank statement mortgage and get on the path to homeownership. The application process is easier than you think.

Advantages

No tax returns required
Borrow up to 80% of the home's value; up to 90% with proper reserves and credit
Finance owner occupied homes, second homes & investment properties*
Easy to qualify with maximum debt-to-income ratio (DTI) of 50%
No paying private mortgage insurance (PMI)
Credit scores as low as 600

*Minimum loan amount of $200,000

Here's how it works:

Call, text, or chat with a mortgage consultant
Must be in business for 2+ years
Provide documentation such as:
- Your business license
- 12 months of personal and 24 months of business bank statements
- Expense ratio
- Signed CPA letter stating you are still in business
Receive your custom, low rate home loan

Get started with a bank statement mortgage loan

Affordable loans with easy qualifications and flexible down payments are possible. Let American Financing guide you through the process and through loan options that make sense for you. We're even open nights and weekends to fit your schedule. Make the call to (800) 910-4055 or complete the online application.

*This program is currently not available due to underwriting changes in response to COVID-19 and the CARES Act.

Pre-qualify in 10 minutes