Bank Statement Loan for Self-Employed
A bank statement loan program for self-employed borrowers that uses a sliding scale expense factor to determine income, allowing for larger loan amounts.
Underwriting at a glance
- Minimum FICO
- -
- Max LTV (purchase / rate-term)
- 90%
- Max LTV (cash-out)
- 65%
- Loan amount
- ? - $4,000,000
- Documentation
- alt-doc
- States
- most states
Highlights
- •90% LTV to $1.5M on 1-4 units and condos
- •No mortgage insurance required
- •Service business expense factors as low as 20%
- •Product business expense factors as low as 40%
- •CPA or tax preparer letter can reduce expense factor to 10%
- •Exceptions available for self-employed borrowers under 2 years
- •Cash-out up to 65% LTV with no cap
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 5/10/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.250%
6.288% APR
FHA
5.750%
5.780% APR
VA
5.750%
5.780% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.