Bank Statement
Qualify on your deposits — built for the self-employed.
Bank statement loans let self-employed borrowers and business owners qualify using 12–24 months of deposits instead of tax returns. They're the answer when write-offs make your tax income look smaller than the cash flow your business actually generates.
Key highlights
- Qualify with 12–24 months of bank statements
- No tax returns or W-2s required
- Personal or business accounts accepted
- Primary, second home, or investment property
- Higher loan amounts available
- Self-employed professionals and 1099 earners
- Business owners with significant write-offs
- Commission- and gig-based income earners
Know the document that qualifies you
A bank statement loan uses 12–24 months of your statements to qualify you — so understanding what's on a statement, and how to read one, is half the battle. Here's a quick primer on the document your lender will spend real time reviewing.
Account details
- Account holder information
- Your name and account number, confirming the statement belongs to you.
- Bank information
- The name and contact details of your bank, so it's clear where the account is held.
- Statement period
- The date range the statement covers — usually a month, but it can vary by bank or account type.
Transactions
- Deposits
- Money added to your account — salary, transfers from other accounts, or cash deposits.
- Withdrawals
- Money taken out — ATM withdrawals, debit-card purchases, online payments, or checks.
- Fees
- Charges from the bank — monthly maintenance, ATM fees, or overdraft fees.
- Interest
- If your account earns interest (e.g., a savings account), it's shown here.
Account balance
- Starting balance
- The balance at the beginning of the statement period.
- Ending balance
- The balance at the end, after all deposits, withdrawals, and fees are applied.
Why bank statements matter
- Track your spending
- See where your money is going and spot habits you might want to tighten up.
- Verify transactions
- Catch errors and unauthorized activity before they snowball.
- Monitor fees
- Service fees, ATM charges, and overdrafts add up — statements make them visible.
- Financial planning
- Set a budget and align your savings goals with the cash flow you actually have.
- Proof of financial health
- Lenders use them as proof of income, savings, and money management — essential for a bank statement loan.
How to read a bank statement
- 01Check the account information
Confirm the account holder details and statement period are correct — you're reviewing the right statement for the right account.
- 02Review the transactions
Go through every deposit and withdrawal. If anything looks off or unauthorized, contact your bank immediately.
- 03Examine the balance
Compare the starting and ending balances and make sure the transactions reconcile.
- 04Look for fees
Watch for maintenance fees, ATM fees, or late charges. Anything that looks wrong is worth a clarification call.
- 05Check the interest
If your account earns interest, confirm the amount credited during the period — it tells you how productively your savings are working.
How to access your bank statement
- 01Online banking
Most banks let you view, download, and print e-statements securely from your online portal.
- 02Mobile banking apps
Your bank's app likely lets you view and save statements straight from your phone.
- 03Paper statements
If you prefer paper, most banks will still mail them — though many now charge a small fee versus free e-statements.
- 04ATM receipts
Some ATMs print mini-statements with recent activity. Handy for a quick check, but not a substitute for the full monthly statement.
Educational guidance only. Loan terms, eligibility, and pricing are subject to lender underwriting, program guidelines, and approval.
Ready to explore a Bank Statement loan?
One quick call with Warren and you'll know exactly what you qualify for — no obligation, no call center.