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Bank Statement Home Loan Program
This program specifically helps self-employed borrowers qualify for a home loan with greater flexibility by using 12 months of personal or business bank statements, instead of Tax Returns, W-2s or 1099s.
Bank Statement Home Loan Program Highlights
No Tax Returns, W-2s or 1099s
Loan Amounts Up To $2 Million
Purchase, Rate/Term or Cash O
Up to 50% Debt To Income Ratios
Loan To Values Up To 90%
Credit Scores Down To 660
Non-QM Home Loans are not predatory subprime loans. They are legitimate, well-underwritten mortgage products offered by institutional lenders that allow alternative forms of income documentation, higher debt-to-income.
Unsure if this is the program for you? Let's find out!
Who Are Bank Statement Home Loans For?
Self-employed borrowers with strong cash flow but non-traditional documentation
Business Owners
Independent
Contractors
Freelancers
Real Estate
Agents
Eligible Property Types:
Single Family Residences
2-4 Unit
Condos
Townhomes
Eligible Occupancy Types:
Primary Residences
Second Homes
Key Benefits:
Higher qualifying income than traditional documentation may allow
Individuals with write-offs or variable monthly income
Competitive interest rates for creditworthy self-employed borrowers
How It Works:
Submit 12 consecutive months of business or personal bank statements
Income is calculated based on eligible deposits and standard expense factors
Credit score, assets, and property type are considered for loan terms
Frequently Asked Questions About Bank Statement Home Loans
Q: What is a bank statement loan?
A: A bank statement loan lets self-employed borrowers qualify using 12 months of personal or business bank statements instead of tax returns, W-2s, or 1099s. It's designed for people whose income looks different on paper than it does in their bank account.
Q: How many months of bank statements do I need?
A: You'll need 12 consecutive months of either personal or business bank statements. Your income is calculated based on eligible deposits and standard expense factors, not your tax return's bottom line.
Q: What credit score do I need to qualify?
A: Bank statement loans are available with credit scores down to 660. Your rate and terms will depend on your full financial picture, so getting pre-underwritten early gives you a clear answer before you start house hunting.
Q: Is a bank statement loan the same as a subprime loan?
A: No. Bank statement loans are Non-QM loans, which are legitimate, well-underwritten mortgage products offered by institutional lenders. They simply allow alternative income documentation for borrowers with non-traditional income, they're not predatory or high-risk by nature.
Q: Can self-employed borrowers with write-offs still qualify?
A: Yes. Bank statement loans are built for exactly this situation. Since qualification is based on deposits rather than taxable income, business write-offs that lower your tax return don't work against you the way they would with a traditional loan.
Why Choose Dan Keller for Bank Statement Home Loan Financing?
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Buying a home in Snohomish or King County comes with enough surprises. Your loan shouldn't be one of them. Dan Keller and his Everett-based team have helped local buyers close on time, even when the deal got complicated, with 535+ five-star reviews to show for it. Clients and agents say the same thing again and again: fast responses, clear answers, and someone who actually picks up the phone on a weekend if you need them.
This isn't a call center. It's a small team of underwriters, loan officers, and processors who live and work right here in Everett, and who treat every file like it's the only one on their desk.
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