How it Works

We use bank statements and assets to help you qualify rather than tax returns or W2s. Credit requirements can be less restrictive than conventional financing options. Business and personal bank statements may be used to help qualify

Qualification Requirements

Loan Features

Up to 90% LTV
No mortgage insurance
Loan amounts up to $3M
Interest-only options available

Borrower Requirements

Credit scores starting at 600
2 years self-employed
DTI up to 50% (case-by-case)

Documentation

12 months personal OR
24 months of business bank statements
No tax returns required

Who Bank Statement Loans Are Best For:

Self-Employed Borrowers: who don’t qualify using tax returns

Entrepreneurs: with strong cash flow but inconsistent tax returns

Business owners: showing low taxable income due to write-offs

Real Estate Investors: with complex or non-traditional income structures

Independent Contractor & 1099 Earners

Why Key One Financial?

Access to Multiple Lenders

We work with a wide network of bank statement lenders, giving you more options and better chances to find the right fit.

Built Around Real Cash Flow

We structure deals based on how your business actually performs, not just what shows on tax returns.

Experience That Moves Deals Forward

We understand investors and self-employed borrowers, allowing for fast scenario reviews and efficient deal structuring.

Explore Your Bank Statement Loan Options Today

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Common Questions on Bank Statement Loans

That’s exactly what bank statement loans are designed for. Instead of relying on your net income after write-offs, lenders evaluate your actual cash flow based on bank deposits. This allows many self-employed borrowers to qualify for significantly more than they would with traditional financing.

Yes. Both personal and business bank statements can be used, depending on how your income is structured. When using business statements, lenders may apply an expense factor to estimate your true income.

No. While stronger credit helps with better terms, many programs allow credit scores starting around 600. Each scenario is evaluated based on the full picture — including cash flow, assets, and overall deal strength.

Lenders typically review 12–24 months of deposits and average them to determine monthly income. For business accounts, a standard expense ratio may be applied unless additional documentation is provided.

Yes. Bank statement loans can be used for primary residences, second homes, and investment properties. This makes them a strong option for both business owners and real estate investors.

No. These programs are specifically designed to qualify borrowers without tax returns or W2s.

Yes. Income is averaged over time, so fluctuations are expected and typically not an issue as long as overall cash flow is strong and consistent.

Yes. Many bank statement programs offer interest-only options, which can help maximize cash flow and lower initial monthly payments.

Timelines vary based on the deal and documentation, but bank statement loans can often close quickly once documents are submitted and reviewed.

It is an upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan amount; e.g., "2 points" means a charge equal to 2% of the loan balance.

This is the process of determining whether a customer has enough cash and sufficient income to meet the qualification requirements set by the lender on a requested loan. A pre-qualification is subject to verification of the information provided by the applicant. A pre-qualification is short of approval because it does not take account of the credit history of the borrower.