12+ Loan Programs Tailored to Your Needs
Bank Statement / Self-Employed
Qualify via revenue deposits instead of tax returns
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Bank Statement / Self-Employed Overview
Bank statement loans allow self-employed borrowers to qualify using bank statements instead of traditional tax returns, making homeownership more accessible.
Key Program Details
Min Down Payment
10-20%
Min Credit Score
600+
Loan Limit
Up to $3.5M
PMI/MIP Rules
Required if down payment < 20%
Advantages
- No tax returns required
- Uses bank statements for income verification
- Flexible qualification criteria
- Available for various property types
- Faster approval process
Considerations
- Higher down payment requirements
- Higher interest rates
- Requires substantial bank deposits
- More expensive than conventional loans
Who This Loan Is Best For
Self-employed borrowers
Business owners
Freelancers and contractors
Those with complex tax situations
Borrowers with strong bank deposits
Quick Scenario Example
$800K purchase → $160K down (20%) → $3,684/mo P&I
$800K purchase
$160K down (20%)
$3,684/mo P&I
$800,000
Home Price
$160,000
Down Payment
$3,684
Monthly Payment (P&I)
5.625%
Interest Rate
Ready to Apply for Bank Statement / Self-Employed?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service