Bank Statement Loans for Self-Employed Borrowers

A bank statement loan uses deposits shown on personal or business bank statements, commonly over 12 to 24 months, to calculate income for self-employed borrowers instead of relying only on tax returns.

These are non-QM loans, so rates, down payments and documentation rules differ from conventional loans and vary by lender.

Rick Carrier, NMLS #268110, The Carrier Mortgage Team, Innovative Mortgage Services, Inc. (Company NMLS #250769). Call (281) 767-6700.