Bank Statement Loan
A non-QM bank statement program for service and tip industry workers that uses 12-24 months of bank deposits to calculate income without requiring tax returns.
Underwriting at a glance
- Minimum FICO
- 600+
- Max LTV (purchase / rate-term)
- 90%
- Max LTV (cash-out)
- -
- Minimum DSCR
- -
- Loan amount
- ? – $4,000,000
- Documentation
- 12mo-bank-stmt, 24mo-bank-stmt
- Property types
- sfr, condo, 2-4-unit, non-warrantable-condo
- States
- most states
Highlights
- •No tax returns required
- •LTVs up to 90% with no MI
- •Interest only option available for 30 and 40 year terms
- •One appraisal up to $1.5 million
- •No business license required
- •No P&L or expense factor letter required
- •Interest only option available
- •Business reference letter required to validate employment
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 5/10/2026. Not a commitment to lend. NMLS info available on request.