Bank Statement Loans
Bank statement loans help self-employed buyers in Nevada and Oregon document qualifying income from business deposits instead of W-2s.
Down Payment
10% - 20%
Min Credit Score
660+
Mortgage Insurance
None
Program Overview
Self-employed entrepreneurs, small business owners, freelancers, and 1099 contractors often write off expenses on tax returns, reducing taxable income. Bank statement loans calculate income from 12 or 24 months of verified business or personal bank deposits.
Key Benefits
- No tax returns or IRS form 4506-C transcripts required
- Qualify based on real gross cash flow flowing through bank accounts
- Loan amounts up to $3M+ for luxury homes and investment properties
- Available for 1099 workers, business owners, and gig economy earners
Qualifications
- Minimum 2 years self-employed in the same business
- 12 to 24 consecutive months of bank statements
- Down payment typically 10% to 20%
- Credit score generally 660+
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