Bank Statement Loan borrower
Subject to Credit Approval

Bank Statement Loans

Bank Statement Loans for Self-Employed Borrowers

  • No Tax Returns Needed
  • Borrow up to $1,000,000
  • Minimum Credit Score of 700
  • Loans Eligible in KS, MO, CO, AZ, AR, and MN



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What are Bank Statement Loans?

If you're self-employed, you can now qualify for a home loan using your bank statements. While self-employment offers flexibility, obtaining a mortgage with non-traditional income can be difficult. Academy bank statement loan simplifies the process by reviewing 12 to 24 months of your bank statements to assess your income for approval. This special loan option eliminates the need for personal or business tax returns, W2s, or paystubs. Our dedicated mortgage experts will guide you through the entire process, ensuring a smooth and fast experience.

 

Bank statement loans are a great option for:

  • Self-Employed Individuals: Entrepreneurs, truck drivers, freelancers, and independent contractors with variable income or large tax deductions.
  • Gig Economy Workers: Rideshare drivers, freelance creatives, consultants, and others who earn through contract or project-based jobs.
  • Real Estate Investors: Those with rental income or real estate investments that can be difficult to document through conventional means.
  • Commission-Based Professionals: Realtors, insurance agents, and salespeople whose income fluctuates due to commission-based earnings.

Subject to Credit Approval

With Academy Bank's expert team of home loan advisors, we can help you through the entire process. We'll keep it simple, so you can focus on what's important.

Find a Loan Advisor or call 1-855-376-3168
Already applied? You're done with the hard part! Just log in here and upload documents and see the status of your application easily. No guesswork required. 






















































Benefits of a Bank Statement Loan

  • Flexible Income Verification: Non-QM bank statement loans are ideal for small business owners with complex financial situations. These loans allow you to qualify based on cash flow from deposits rather than taxable income, offering a more flexible approach to income verification.
  • Potential for Higher Loan Amounts: Since lenders assess your income from actual deposits, not taxable income, you may qualify for a larger loan, giving you the ability to purchase a higher-priced property.
  • No Tax Returns Needed: If you deduct substantial business expenses, bank statement loans let you bypass the need to provide tax returns for qualification.
  • Homeownership for Non-Traditional Earners: Non-QM bank statement loans make homeownership accessible to small business owners with unconventional income, offering a pathway to financial security and real estate investment

Subject to Credit Approval

We’ll help you through the entire process.

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Subject to credit approval. Fees apply.  

Eligible in KS, MO, CO, AZ, AR, MN.  Purchase or rate term refinance of a single-family residence.  Primary and secondary residence only (no investment).  Maximum loan amount - $1,000,000.  Borrower eligibility factors apply.  Borrower must own at least 50% of the company to use business bank statements to qualify.  Borrower must own at least 25% of the company to use personal bank statements to qualify.  Self-employed borrowers are eligible. (conditions apply)  Borrowers paid in cash are eligible. (conditions apply)  Borrower with primary income of W2 and secondary income that is self-employed are eligible. (conditions apply)  100% W2 Borrower is not eligible for this loan product.   Full appraisal dated within 120 days of closing required.  Minimum credit score of 700 required.