Bank Statement Mortgages
Bank statement mortgages let self-employed borrowers qualify using business bank deposits instead of traditional tax returns or W-2s. For business owners whose tax returns don't reflect their real cash flow, this program can open the door to financing that conventional underwriting might not offer. Availability and terms depend on the lender and program.
What Are Bank Statement Mortgages?
Bank statement mortgages let self-employed borrowers qualify using business bank deposits instead of traditional tax returns or W-2s. For business owners whose tax returns don't reflect their real cash flow, this program can open the door to financing that conventional underwriting might not offer. Availability and terms depend on the lender and program.
Peter Irungu (Mortgage Loan Originator, NMLS #2751063) helps homebuyers across Pierce & King County understand whether Bank Statement is the right fit and guides you through every step — from pre-qualification to closing.
Key Benefits
No Tax Returns
Use bank statements to show qualifying income.
Self-Employed Friendly
Built for owners of profitable businesses.
Flexible
May help when tax-return income looks lower than cash flow.
Purchase or Refinance
Available for buying or refinancing a home.
Who Qualifies?
Eligibility requirements vary by program and lender. Here's a general overview:
- Self-employed with documented business bank deposits
- Typically 12–24 months of business bank statements
- Minimum credit score and down payment vary by lender
- Business must be established (often 2+ years)
- Property and loan amount must meet program limits
How It Works
Apply
Share your goals in a quick, no-obligation pre-qualification.
Get Approved
Peter shops multiple lenders to find competitive rate options for you.
Close
Sign final documents and get your keys.
Rates & Terms
Rates shown are sample scenarios for illustrative purposes only. Actual rate and APR will vary based on credit profile, loan amount, property type, and market conditions. Contact Peter Irungu for a personalized quote.
Pricing varies by program & profile
Bank Statement Mortgages rates and terms depend on the lender, loan amount, property, and your qualifications. Peter will review your situation and find competitive options from our network of lenders.
Get Your Personalized Quote
Sample rates are just a starting point. Your actual rate depends on your unique profile. Peter will review your situation and find competitive options from our network of lenders.
Start My Pre-QualificationFrequently Asked Questions
Can I get a mortgage using bank statements instead of W-2s?
Some lender programs allow self-employed borrowers to qualify using 12–24 months of business bank statements rather than tax returns or W-2s. Terms, rates, and availability vary by lender and borrower profile.
How many months of bank statements do I need?
Most bank statement programs require 12 to 24 months of business bank statements. Some lenders may also request a business license, CPA letter, or proof of business ownership.
Are bank statement mortgage rates higher?
Bank statement programs may carry higher rates or fees than conventional loans because they often involve alternative underwriting. Your rate and APR vary based on credit, down payment, and program. This is informational and not a commitment to lend.
Can I use a bank statement loan for a primary residence?
Yes. Many bank statement programs finance primary residences, and some allow second homes or investment properties, subject to lender guidelines and higher down payment requirements.
Talk to Peter About Bank Statement
Have questions about bank statement mortgages? Share a few details and Peter will reach out within one business day.
Ready to Explore Your Bank Statement Options?
Start with a no-obligation conversation. No credit pull required to get started.