FOR HOME BUYERS
Bank Statement Loan: Ideal for Self-Employed Borrowers
Bank Statement Loans are tailored for entrepreneurs, freelancers, and business owners who earn strong income but have non-traditional documentation. Rather than W-2s or tax returns, you can use 12–24 months of bank statements to qualify.
Key Benefits:
No Tax Returns
Use deposits to verify income.
High Loan Limits
Great for high earners with write-offs.
Accepts Personal or Business Accounts.
Flexible Loan Structures
30-year fixed, ARM, and interest-only options.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
Estimate and Explore
Calculators are a great way to learn and see what’s possible.
Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Comparing ONE+ by Rocket Mortgage
Everyone’s situation is different. What might be right for one person might not be right for you. Apply or contact us – it’s the best way to explore your unique options.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Who Qualifies for a Bank Statement Loan?
Self-employed individuals, business owners, gig workers, and freelancers.
How Is Income Calculated?
By averaging monthly bank deposits over the last 12–24 months. Business expenses may be deducted depending on the structure.
Can I Use Personal or Business Statements?
Either, depending on how your income is structured. We help determine the best route.
Are There Property Type Restrictions?
No. Bank statement loans apply to primary, second homes, and investment properties.
Do I Need Perfect Credit?
No, though higher scores often mean better rates.
