Bank statement mortgages qualify you on what you actually deposit — not what the IRS sees after deductions. No W2. No tax returns. Just 12–24 months of bank statements.
Traditional mortgages look at your tax return income — which, if you're self-employed, is often dramatically reduced by legitimate business deductions. A bank statement loan looks at your actual deposits instead, giving you a fair picture of your real earning power.
Choose between 12 or 24 months of personal or business bank statements. More history typically means better rates.
Lenders apply an expense ratio to business deposits — typically 50% for sole proprietors — to determine your qualifying income.
Bank statement loans work for primary residences, second homes, and investment properties alike.
High-income self-employed borrowers can access jumbo loan amounts not available through conventional channels.
| Parameter | Typical Range |
|---|---|
| Statement History | 12 or 24 months (personal or business) |
| Loan Amount | $150,000 – $5M+ |
| Max LTV | Up to 90% (purchase), 85% (cash-out refi) |
| Property Types | Primary, second home, investment property |
| Loan Terms | 30-yr fixed, ARM options, 40-yr I/O available |
| Credit Score | 620 minimum (680+ for best rates) |
| Expense Ratio | 50% sole prop / varies for corps with P&L |
| Self-Employment | Minimum 2 years in business required |
Pull 12 or 24 months of your personal or business bank statements. We'll tell you exactly which accounts and which months to include for the best qualifying income.
I review your deposits, apply the appropriate expense factor, and calculate your qualifying monthly income. You'll see the number before we submit anything.
Once income is confirmed, you'll receive a pre-approval letter with your loan amount, rate range, and estimated payment — no guessing.
The rest of the process mirrors a conventional loan — appraisal, title, escrow, signing. Most bank statement loans close in 30–45 days.
Send over a few recent bank statements or just call to talk through your situation. Most borrowers know within 24 hours whether they qualify and for how much.
Sunny Home Loans, LLC · NMLS #2340228 · Harout · NMLS #2543120
Sunny Home Loans, LLC · NMLS #2340228 · Harout · NMLS #2543120 · Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. All loan programs subject to credit approval. Rates, terms, and availability may vary and are subject to change without notice. This is not a commitment to lend. DSCR and bank statement programs are for non-owner-occupied investment properties and self-employed borrowers respectively — additional restrictions may apply. Equal Housing Lender.