Share this article!

Where can I find a bank statement loan?

The home loan process looks a little different when you have self-employed income. Traditional home loans are an option, but some self-employed borrowers prefer bank statement loans, which calculate income based on bank statements rather than tax returns.

This can be a good way to get approved for a loan if you have a lot of write-offs and your income looks lower than it really is. But not all lenders offer bank statement mortgages, and it can be harder to find a low mortgage rate.

Here’s what you should know about bank statement loans before you apply and a few tips to find the best deal on your mortgage.

How to find bank statement loans

Not all lenders offer a bank statement loan program. So your options might be narrower than someone applying for a traditional mortgage or refinance.

Below, we list a few mortgage lenders that explicitly offer bank statement loans. However, you shouldn’t limit your search to these companies. Other lenders might be perfectly happy to approve loan applications based on bank statements even if they don’t advertise “bank statement loans” or “non-QM loans” on their websites.

If there’s a certain mortgage lender you like, it’s worth reaching out to ask about its lending requirements. You’re likely to have more luck with a non-bank mortgage lender or a credit union. Big-name banks are typically less keen to offer non-QM products.

Keep in mind that mortgage rates tend to be higher on bank statement loans than on traditional mortgage loans. But just because you’re self-employed, doesn’t mean you can’t shop around and find a good mortgage deal like everyone else. The wider you cast your net, the more options you’ll have for comparing loan terms and interest rates.