Bank Statement Mortgage Programs

For Self-Employed and Independent Contractors

Conventional mortgage qualifications often rely heavily on tax returns and W-2 income documentation. For many self-employed borrowers, business owners, and real estate investors, that traditional documentation does not accurately reflect cash flow or financial strength.

Our Bank Statement Mortgage Programs provide an alternative way to qualify using your cash flow history from bank deposits, helping more self-employed and high-income borrowers access financing without relying exclusively on traditional income documentation.

What Are Bank Statement Mortgage Programs?

Bank statement mortgage programs allow eligible borrowers to use personal or business bank statements in place of standard income verification. Instead of relying solely on W-2s or tax returns, lenders assess your monthly deposits and cash flow to understand your repayment capacity.

• • • This approach can benefit:
    • Self-employed professionals
    • Small business owners
    • Freelancers and independent contractors
    • Borrowers with fluctuating income
    • Investors using rental income or business revenue

These programs are a Non-QM alternative financing solution that focus on your actual cash flow rather than traditional income documentation.

How Do Bank Statement Programs Work?

Rather than basing qualification on tax returns alone, WestPac Lending reviews your bank statements (typically the most recent 12–24 months of deposits) to calculate a stable, average monthly income. This analysis helps determine your ability to repay the loan.

While guidelines vary by lender and program, common factors include:

• • • Number of months of statements required (often 12–24)

    • Type of accounts used (business and/or personal)

    • Average monthly deposit calculation method

    • Use of rental or other non-W-2 income streams

These programs may also consider your credit profile, reserves, and loan-to-value (LTV) as part of the overall evaluation.

Benefits of Bank Statement Mortgage Programs

These mortgage options can offer:

• • • More flexible income documentation

    • Consideration of real cash flow rather than tax returns alone

    • Support for borrowers with complex income streams

    • Access to financing that traditional programs may not provide

Every borrower’s situation is unique, and documentation requirements can vary by program and investor guidelines.

Who Bank Statement Programs Are Best For?

Bank statement mortgage programs are designed to provide a more flexible path to home financing by evaluating actual cash flow rather than relying solely on traditional tax returns or W-2 income. By allowing alternative income documentation, these programs can better reflect the financial reality of borrowers with complex or non-traditional income structures. While guidelines vary by program and investor, these options may offer opportunities for qualified borrowers who do not fit neatly into conventional underwriting standards.

This program is particularly helpful if you are:

• Self-employed with variable earnings

• Operating an LLC, S-Corp, or sole proprietorship

• Earning substantial revenue but reporting lower taxable income

• Relying on business revenue instead of traditional pay stubs

• Looking for a flexible way to qualify without giving up competitive terms

Whether you’re purchasing a primary residence, a second home, or an investment property, these programs broaden your financing options.

Use A Bank Statement Loan to Purchase or Refinance your Property