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Forget the need for W-2s and tax returns. A bank statement loan is a mortgage option for self-employed borrowers that lets you qualify based on your bank deposits instead of traditional income documents like pay stubs or tax filings.
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Bank statement loans offer a practical path to home financing for borrowers with non-traditional income. Here are the key advantages:
Qualify using 12–24 months of bank statements instead of W-2s or tax returns—ideal if your reported income is reduced by write-offs.
Perfect for business owners, freelancers, contractors, and gig workers whose income doesn’t fit standard documentation.
Lenders assess your actual cash flow and deposits, giving a clearer picture of your earning power.
Programs may allow personal or business bank statements, expense factors, and customized underwriting.
Available for primary residences, second homes, and investment properties.
Access higher loan limits, making it easier to purchase higher-value properties.
A Bank Statement Loan is a type of mortgage designed primarily for self-employed borrowers and individuals with non-traditional income. Instead of using W-2s, pay stubs, or tax returns, lenders evaluate your bank statements to determine your income and ability to repay the loan.
With a bank statement loan, lenders review 12 to 24 months of bank statements (personal or business) to calculate your average monthly income.
Bank statement loans are ideal for:
Our team of licensed loan officers is here to help guide you through your options based on your unique situation.
This website provides information only and does not guarantee credit or loan approval. Dates and information are subject to change without notice. All loan products are subject to credit approval.
Prime Choice Funding, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA or the Federal Government.
By submitting the form on this website or contacting us by phone, text, or email, you consent to be contacted by Prime Choice Funding, Inc. via phone, email, and text, including via automated technology where permitted. Message and data rates may apply. Consent is not required to obtain credit or services. Reply STOP to opt out; HELP for help. If you have questions, call 877-787-7463 or email info@primechoicefunding.com. Calls may be monitored or recorded for quality and training.
Prime Choice Funding, Inc. • 1 Corporate Park, Suite 200 Irvine, CA 92606 • NMLS ID 117375 • NMLS Consumer Access • Equal Housing Opportunity
This is not a commitment to make a loan. All approvals are subject to creditworthiness, underwriting guidelines, satisfactory title, and appraisal. Minimum/maximum loan amounts apply; not all applicants will qualify. Final decisions are subject to lender approval and may require additional documentation. Prime Choice Funding, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, or the Federal Government. See our Privacy Policy, Terms of Use, SMS Terms, and Licensing.
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