Bank statement loans
A bank statement mortgage may use eligible deposits and supporting records to evaluate income. It can suit self-employed borrowers comparing alternatives to standard income documentation. Your business, account records and full financial situation determine which options deserve a closer look.
Schedule a Call ↗Good fit if…
- You’re self-employed or own a business.
- Your income needs a closer look than standard paperwork provides.
- You have account records and can explain your deposits.
- You want to compare alternative and standard income documentation.
- You’re buying or refinancing and need a lender familiar with business income.
Things that can affect approval
- Business activity and income documentation.
- Eligible deposits, transfers and business expenses.
- Credit history and existing debts.
- Source of closing funds and available assets.
- Property type, occupancy and lender requirements.
Requirements depend on the whole picture. A quick conversation can help identify what needs a closer look before you rule yourself out.
Why use a broker for this loan?
Wholesale lenders can differ in the account records, eligible deposits and supporting business information they accept. Blaze compares available approaches and helps explain the documentation each needs. Alternative income documentation does not remove other requirements or guarantee approval.
Frequently asked questions
Can every deposit count as income?
No. Eligible deposits are identified under lender rules. Transfers, borrowed funds and other transactions may need explanation or exclusion.
Is this a no-documentation loan?
No. Statements and supporting records help the lender evaluate the file. Additional business, financial and property information may be required.
Do self-employed buyers have to use it?
No. Conventional or other suitable financing may work. Compare standard documentation before assuming an alternative is necessary.
What should I prepare for a first conversation?
Bring an explanation of your business, the accounts you use and your financing goal. Ask your loan officer for a secure way to provide sensitive records.
Reviewed by Bo Grant, Owner/Broker, NMLS 1565547 · Reviewed October 8, 2026