Bank Statement mortgage programs may provide alternative-documentation financing options for eligible self-employed borrowers, freelancers, and business owners. Depending on the lender and program, bank deposit history and other documentation may be considered when evaluating income and qualification.
A Bank Statement mortgage loan is an alternative-documentation program that may allow eligible self-employed borrowers to use personal or business bank statements as part of the income evaluation process. Documentation, calculation methods, qualification requirements, and underwriting guidelines vary by lender and program.
The bank-statement review period and income-calculation method vary by lender and program. Lenders may evaluate deposit history, business activity, documentation, and other factors when determining qualifying income and underwriting requirements.
Income calculation methods, debt-to-income requirements, account types, and documentation standards vary by borrower profile, lender, and program.
Down-payment requirements, available loan amounts, rates, repayment structures, and other loan terms vary by borrower, property, lender, and program.
Loans by Kelly helps self-employed and non-W2 borrowers explore Bank Statement and alternative-documentation mortgage options. Available programs, income-calculation methods, documentation, loan terms, and underwriting requirements vary by borrower, property, lender, and program. Support is available in English, Portuguese, and Spanish.
3 Simple Steps to Start Your Mortgage Review
We begin with a conversation to understand your home financing goals and general mortgage needs.
We review mortgage options based on your goals, property type, occupancy, documentation profile, and applicable lender guidelines.
Submit a secure application to begin the mortgage review process. Any preapproval requires applicable documentation and underwriting review.
