Bank Statement Loan for Self-Employed
A non-QM loan program for self-employed borrowers using bank statements to verify income with a 25% default expense ratio.
Underwriting at a glance
- Minimum FICO
- -
- Max LTV (purchase / rate-term)
- -
- Max LTV (cash-out)
- -
- Loan amount
- -
- Documentation
- 12mo-bank-stmt, alt-doc
- States
- most states
Highlights
- •25% default expense ratio
- •No CPA letter required
- •No seasoning on cash-out or rate/term refinances
- •100% gift funds allowed for down payment and closing costs
- •25% default expense ratio with no CPA letter required
- •Business, personal, or co-mingled accounts accepted
- •Up to 55% DTI ratio with $3k in residual income
- •1 year self-employment allowed with industry experience
- •Use primary wage earner middle score
- •100% gift allowed for downpayment and closing costs
- •First page streamline option available
- •Hybrid income doc type allowed
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 6/10/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.125%
6.164% APR
FHA
5.500%
5.531% APR
VA
5.500%
5.530% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.