Bank Statement Loan for Self-Employed
A non-QM loan program for self-employed borrowers that uses unaudited profit and loss statements to verify income instead of bank statements or tax returns.
Underwriting at a glance
- Minimum FICO
- 660+
- Max LTV (purchase / rate-term)
- 80%
- Max LTV (cash-out)
- 80%
- Loan amount
- ? - $2,500,000
- Documentation
- p-and-l
- States
- AZ, CA, GA, IL, MA, MO, RI, NJ, VA, AK, AL, AR, CO, CT, DC, DE, FL, HI, IA, ID, IN, KS, KY, LA, MD, ME, MI, MN, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, WA, WI, WV, WY
Highlights
- •Qualify using P&L only income
- •No bank statements or tax returns required
- •12 or 24-month P&L options
- •Owner occupied, non-owner occupied, and second homes eligible
- •No minimum tradelines with 3 FICO scores
- •1x30x12 payment history allowed
- •Qualify using P&L only income with no bank statements or tax returns
- •Up to 80% LTV and 75% CLTV cash out options
- •No minimum tradelines with 3 FICO scores from all 3 bureaus
- •Accepts 12 or 24-month P&L
- •Available for owner-occupied, non-owner occupied, and second homes
- •1x30x12 mortgage history allowed
- •Up to 80% LTV on purchase and rate-term refinance
- •75% CLTV cash out options available
- •No minimum tradelines required when using 3 FICO scores
- •12 or 24-month P&L options available
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 8/13/2026. 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.