Bank Statement Mortgage Loan Programs

Designed for self-employed borrowers who may not have the traditional W-2 income documentation to qualify for a loan. Instead of W-2s, the lender uses the borrower's personal or business bank statements to verify income.
Bank Statement Mortgage Loan Highlights
Empowering the Self-Employed: Bank Statement Loans for Alternative Income Documentation
Empowering the Self-Employed: Bank Statement Loans for Alternative Income Documentation
  • Self-employed borrowers: Bank statement loans are designed for self-employed borrowers, including sole proprietors, partnerships, and LLCs, who may not have the traditional W-2 income documentation.
  • Income verification: Bank statement loans use the borrower's personal or business bank statements to verify income, instead of W-2s. This allows self-employed borrowers to qualify for a loan, even if they have a fluctuating income or high deductions.
  • Loan amount: Bank statement loans can offer loan amounts up to $5 million, making them ideal for higher-end properties or expensive real estate markets.
  • Loan terms: Bank statement loans are typically available with 15- or 30-year terms, although other options may be available.
  • Fixed or adjustable rate options: Bank statement loans offer both fixed and adjustable rate options, allowing borrowers to choose the best option for their financial situation and goals.
  • Underwriting requirements: Bank statement loans require a thorough underwriting process, which considers the borrower's bank statements, credit score, and debt-to-income ratio.

Non-QM Loan Program Terms:

  • Up to 90% LTV Purchase with No MI
  • Up to 80% LTV Cash Out
  • 599 Min FICO
  • Self Employed Programs: 1099, Bank Statements, P&L
  • 30 Year Fixed & 40 Year Interest Only Available
  • Up to $3M Loan Amount
  • 1-4 Units, Condos, Manufactured Homes, Rural
  • Up to 55% DTI

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The Mortgage Calculator

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation! 

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of over 450 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!

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