Bank Statement Loans
For self-employed borrowers — qualify on deposits, not tax returns.
5 senior bankers · 47 statesSee how Bank Statement fits your actual scenario.
Guidelines are useful. A senior banker can show you where the flexibility is, what the tradeoffs cost, and what needs to be true for the loan to close.
What is a Bank Statement loan?
A bank-statement loan lets self-employed and complex-income borrowers qualify using 12–24 months of bank deposits instead of tax returns — ideal when write-offs understate your true income.
It's built for business owners, freelancers, and 1099 earners whose tax returns — after legitimate write-offs — don't reflect what they actually earn. Underwriting uses your real deposit history to establish qualifying income, so the business you built works for you instead of against you.
Where we do Bank Statement loans
The team is licensed in 47 states, so wherever you're buying, the odds are good we can help. Every option is backed by in-house underwriting and fast closes.
The Chad Baker Team helps buyers and investors structure Bank Statement financing with in-house underwriting and fast closes. Whether it's your first home or your next rental, we'll map the numbers with you before you commit.
What you’ll typically need
- Typically about two years of self-employment history
- 12–24 months of personal or business bank statements
- A down payment that's typically larger than a conventional loan's
- Solid credit — stronger scores mean better pricing
Every scenario is different — these are typical guidelines, not a commitment to lend. The fastest way to know where you stand is a quick conversation.
Why a Bank Statement loan?
Deposits, not tax returns
12–24 months of bank statements establish your qualifying income — no 1040s required.
Write-offs don't count against you
Deduct aggressively at tax time and still qualify on what the business actually brings in.
A specialty, not an exception
Self-employed files are our bread and butter — underwriting that understands business income, without endless condition lists.
Bank Statement loans, start to finish
Gather statements
12–24 months of personal or business bank statements — we'll tell you which works better for your file.
We calculate your income
Our team analyzes deposits (with an expense factor for business accounts) to establish qualifying income — before you shop.
Pre-approval to close
From there it runs like any loan: shop, offer, appraise, close — with an average close of 18 days.
Bank Statement loan questions, answered
Do I need business and personal statements?
Either can work. Personal statements are usually simpler; business statements typically apply an expense factor. We'll look at both and use whichever qualifies you for more.
How is my income calculated?
Underwriting averages your eligible deposits over 12–24 months — not what your tax returns show after write-offs. We run the calculation up front so there are no surprises mid-loan.
I write off a lot — will that hurt me?
No — that's the point of the program. Your deductions lower your taxable income, not your deposit history, and it's the deposits that qualify you.
Can I use a bank-statement loan for an investment property?
Yes — and depending on the deal, a DSCR loan may fit even better. We'll run both and show you the numbers side by side.
Built on referrals
A 4.94★ average across 333 verified reviews on Experience.com, Zillow, and Google. A sample below.
Chad and his team were exceptional. As a self-employed person I was skeptical we could get financing for our purchase, but Chad reassured us this was his specialty — and he was right. The whole process was efficient and straightforward, closing our loan in 21 days.
Self-Employed Buyer
An amazing experience refinancing my home with Chad. From start to finish, his team made the entire process smooth, transparent, and stress-free. Chad went above and beyond to make sure I received the best rate and that everything stayed on track.
Refinance
Our second time working with Chad and his team, and once again they exceeded our expectations. They genuinely care and are incredibly responsive — every call and email answered promptly. Chad and his team, including Megan and Sam, made a stressful experience feel manageable.
Repeat Client
Bank Statement location guidance
Program availability and terms can vary by property and state. Tell us where you’re buying and we’ll confirm the current fit.
As a user of this system, you agree to all Scout Terms & Conditions and Home & Mortgage Conditions.
Let’s structure your Bank Statement loan.
Share the property, the income story, or the part you are unsure about. We’ll give you a clear next step.
Prefer to talk now? Call or text Chad: 858-353-8331.