Bank Statement Program Loan

A Bank Statement Program Loan is a type of mortgage loan designed for self-employed individuals or business owners who may not have traditional proof of income (like W-2s or tax returns). Instead of using tax documents, the lender uses bank statements (usually 12–24 months) to verify income.

In Simple Terms:

• Traditional loan = You prove income with W-2s, tax returns, pay stubs.
• Bank Statement loan = You prove income with bank deposits (usually business or personal account activity).

• Mortgage brokers
• Specialty lenders

• No tax returns or W-2s required
• Easier qualification for self-employed
• Customizable underwriting
• Flexible income documentation
• Use of real income rather than “taxable” income