Bank Statement Loans for Self-Employed Borrowers — Explained
Why your tax return hurts your mortgage — and how bank statement loans fix it.
Nate Jones · NMLS #304056 · New American Funding
What People Ask
What is a bank statement loan?
A bank statement loan is a mortgage that uses 12-24 months of bank deposits to verify income instead of W-2s or tax returns — designed for self-employed borrowers whose write-offs understate their real income.
Are write-offs costing me more than they save?
Often, yes. If your aggressive write-offs cut your tax return by $80K but disqualify you from $200K more house, you're losing on both ends. A bank statement loan at a slightly higher rate usually beats the math.
How many months of bank statements do I need?
Most programs require 12 months minimum. 24 months opens more options and better pricing.
Send Over Your Deposits — See What You Qualify For
Free review. No credit pull. No tax returns needed.