What is a bank statement loan?
A bank statement loan is a non-QM mortgage that may use deposit history instead of traditional tax return income calculations. It can help self-employed borrowers compare paths when conventional documentation does not show the full business picture.
Why documentation strategy matters
The right structure depends on personal deposits, business deposits, expense factors, ownership percentage, reserves, credit, property type, and occupancy.
What to prepare
Gather recent bank statements, business details, identification, asset information, property goals, and any current mortgage statements if refinancing.