Bank Statement Mortgage Program

What is a Bank Statement Mortgage Loan?

A bank statement loan in the US is a financial product that lends funds to borrowers by verifying their business or personal deposits, without judging their taxable income. This is an alternative type of mortgage that bypasses the strict verification and underwriting standards of a Qualified Mortgage (QM) as set out by the Consumer Financial Protection Bureau (CFPB)—that’s why it is also called a non-qualified mortgage (non-QM). The qualification process uses bank deposits for the last 12 or 24 months to indicate financial stability through actual cash flow. At BankStatementMortgage.com, we also offer a 3-month bank statement loan program for individuals with a healthy credit report.

All Bank Statement Mortgage Programs That We Offer

We have lined up a wide range of bank statement mortgage loans in the US for specific borrower groups, including US residents and foreign nationals. We specialize in Non-QM for property purchase and refinancing—a practical approach for US-based borrowers to leverage their cash flow for business expansion.

• 24 Months: Our 24-month bank statement mortgage program focuses on well-funded homeownership for individuals who have a self-employment history of at least 2 years, at least a 700 credit score, and 50% DTI. You can borrow anywhere between $200,000 and $5 million with a 10% down payment to buy owner-occupied as well as investment properties, including single detached houses, apartments, and non-warrantable condos. The loan program is available for a 5/1 ARM, a 7/1 ARM, or a 30-year fixed-interest mortgage.
• 12 Months: The terms of our 12-month bank statement loan program are quite similar to those of the 24-month program; the only difference is that it requires a 20% down payment, and only 12-months of bank deposits are calculated to assess the cash flow. This option is best to leverage your financial progress in the recent year, especially if you had a turbulent year in the past. You can purchase or refinance a home with this loan.
• 3 Months: Not many lenders offer it, but we do offer a 3-month bank statement mortgage program in the US exclusively for primary residence purchases. You can borrow up to $3 million. The minimum requirements are an excellent FICO score of 740+, 100% personal deposits and/or 50% of business deposits, and adequate reserve funds to have a smooth process to buy a home. First-time buyers are welcome to apply.
• Second Mortgage: If you have already purchased a property with a mortgage, the second mortgage allows you to take out another secured loan as a “junior lien.” The common forms of a second mortgage include a home equity loan or HELOC. You can borrow up to $500,000—that’s worth up to 90% of your home’s value, combining both mortgages.
• $1 Million ITIN Bank Statement Mortgage: This specific bank statement mortgage program is designed for foreign nationals who are ITIN holders and are looking to buy a primary residence in the US. Borrow up to $1,000,000 when you have an LTV of less than 75%.
• First Page of Bank Statement Program: You can obtain up to $4 million worth of mortgage by sharing only the year-to-date Profit & Loss (P&L) statement of your personal or business account. Available for property purchase and cash-out refinancing, this program is particularly useful for business owners or sole proprietors to use their company’s financial performance as proof of their ability to repay.

Discuss Your Lending Needs With Us

The definition of our eligible borrower profiles for bank statement mortgage loans in the US is broader than traditional ones. We cater to gig workers, 1099 workers, sole proprietors, partners, independent contractors, and consultants with tailored support and creative financial solutions. Landlords and property investors considering strategic acquisitions as a full-time business are a significant part of our clientele. We understand unique financial situations like no other. So if you are navigating the best options to invest in the US-property market, don’t stop short just because of documentation challenges. Talk to us at BankStatementMortgage.com, and leverage our alternative funding options designed to meet your exact situation.