Bank Statement Loans for Self-Employed Borrowers

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if you’re self-employed, a business owner, freelancer, or independent contractor, qualifying for a traditional mortgage can be frustrating. Tax write-offs often reduce your reported income — even when your actual cash flow is strong.

A bank statement loan allows you to qualify using 12–24 months of bank statements instead of tax returns. At Mortgages by Sasha, we specialize in helping self-employed borrowers secure flexible mortgage solutions designed around real income — not just what’s shown on paper.

What Is a Bank Statement Loan?

A bank statement mortgage is a non-QM loan program that allows lenders to calculate income based on deposits shown on personal or business bank statements.

Instead of:

  • W-2s

  • Tax returns

  • Pay stubs

We use:

  • 12–24 months of bank statements

  • Profit & loss statements (if applicable)

  • Asset documentation

This makes it one of the best mortgage options for entrepreneurs and 1099 earners.

Who Qualifies for a Bank Statement Loan?

Bank statement loans are ideal for:

  • Self-employed borrowers

  • Small business owners

  • Real estate agents

  • Consultants & freelancers

  • Gig workers

  • Independent contractors

If your tax returns don’t reflect your true earning power, this program may be right for you.

Benefits of Bank Statement Loans

  • No tax returns required

  • Flexible income calculation

  • Loan amounts up to jumbo limits

  • Competitive interest rates

  • Options for primary homes, second homes, and investment properties

We work with multiple wholesale lenders to help you secure competitive terms tailored to your financial profile.

Bank Statement Loan Requirements

While guidelines vary, typical requirements include:

  • 12–24 months of bank statements

  • Minimum credit score (varies by lender)

  • Down payment starting around 10%

  • Business ownership of 2+ years (preferred)

Every borrower’s situation is unique — we structure loans strategically to maximize approval strength.

Why Work with Mortgages by Sasha?

  • Personalized loan structuring

  • Access to multiple non-QM lenders

  • Fast pre-approvals

  • Clear communication from application to closing

  • Experience working with complex income scenarios

We understand self-employed borrowers because we work with them every day.