No tax returns or income docs required.
See if you qualify for a stated income loan.
Below are some of the advantages that bank statement mortgage loans (“stated income mortgage loans”) offer:
How it Works
A bank statement loan is a type of mortgage program that allows you to use your bank statements to verify income instead of tax returns. These programs are intended for self-employed borrowers who are unable to qualify for a conventional loan. Bank statement loans are often referred to as “stated income loans”, since they do not require a borrower to provide any tax returns or income documentation (just bank statements).
Any self-employed borrower may be eligible for a bank statement loan. This includes a wide range of people, such as business owners, entrepreneurs , freelancers, gig workers, contractors, and many other types of self-employed professionals. If you are self-employed, we encourage you to see if a bank statement loan is right for you!