Bank Statement Loan
Bank Statement Loans: A Smarter Way for Self-Employed Borrowers to Qualify
Are you self-employed, a small business owner, or an independent contractor with strong income but not-so-simple paperwork? If traditional mortgage requirements don’t reflect your true financial picture, a Bank Statement Loan from Fast Home Path could be the perfect solution.
This loan program is designed for people like you — those who may not show consistent W-2s or tax returns, but have stable, verifiable income through bank deposits. No tax returns required. No hassle. Just smart financing built around your reality.
What Is a Bank Statement Loan?
A Bank Statement Loan is a type of non-QM (non-qualified mortgage) that uses your personal or business bank statements — typically from the past 12 to 24 months — to verify your income instead of W-2s, pay stubs, or tax returns.
It’s ideal for:
Self-employed professionals
Small business owners
Freelancers and gig workers
Commission-based earners
Real estate investors
Entrepreneurs with fluctuating income
How It Works
✅ Use 12 or 24 months of bank statements
✅ Income calculated based on deposits (not reported tax income)
✅ Available for purchase, refinance, or cash-out
✅ Primary, second homes, and investment properties eligible
✅ Loan amounts up to jumbo levels in many cases
Instead of penalizing you for write-offs and deductions, we evaluate what really matters — your income flow.
Key Benefits of Bank Statement Loans
No Tax Returns or W-2s Required
Ideal for Self-Employed and Business Owners
Flexible Credit Score Requirements (Typically 620+)
Competitive Rates for Non-QM Loans
Available for Higher Loan Amounts (Jumbo Options)
Purchase, Refinance, or Cash-Out Eligible
Faster Approvals with a Streamlined Process
What You’ll Need to Qualify
12 or 24 months of consecutive personal or business bank statements
A minimum credit score (varies by program, typically 620 or higher)
Proof of self-employment (business license, website, CPA letter, etc.)
Sufficient assets for down payment or reserves (typically 10%–20%)
Low to moderate debt-to-income ratio based on bank deposit analysis
Who Benefits Most from Bank Statement Loans?
Realtors, consultants, and contractors
Business owners with substantial write-offs
Uber/Lyft drivers and gig economy workers
Artists, musicians, and creatives
Anyone earning income outside of a traditional 9–5 job
Why Choose Fast Home Path?
At Fast Home Path, we understand self-employed borrowers because we work with them every day. Our team knows how to navigate non-traditional lending and structure the right loan for your income and goals — not just what’s on your tax forms.
✔ Deep expertise in Bank Statement and Non-QM loans
✔ Transparent process from start to finish
✔ Personalized guidance tailored to your business
✔ Fast closings and flexible terms
✔ Serving North Palm Beach, Palm Beach County & all of South Florida
