WHAT IS A 12/24 MONTH BANK STATEMENT LOAN?
This program is ideal for self-employed individuals who cannot easily provide traditional income documentation like W-2s or tax returns. Instead, borrowers use their personal, business, or combined bank statements to show income.
Bank statement loans are perfect for small business owners, freelancers, and entrepreneurs.
12/24 MONTH BANK STATEMENT
LOAN OVERVIEW:
The 12- or 24-Month Bank Statement loan is designed for self-employed borrowers and business owners who earn consistent income but may not report it fully on their tax returns due to write-offs or business expenses.
Instead of W-2s or tax returns, borrowers qualify by providing 12 or 24 months of personal or business bank statements, which are used to calculate average monthly income. This gives self-employed individuals a flexible alternative to traditional income verification methods.
Ideal for entrepreneurs, gig workers, and consultants, this program offers a path to homeownership with competitive loan terms — without the documentation burden of agency loans.
PROGRAM BENEFITS
- No W-2s or tax returns required — ideal for borrowers with non-traditional income
- Use personal, business, or a combination of bank statements to document earnings
- Designed specifically for self-employed borrowers, freelancers, and small business owners
- Concierge service available to assist with accurate income calculation from statements
- Up to 90% CLTV available, offering high leverage for qualified borrowers
- Requires only 3 months of reserves in most scenarios
- Available for both purchase and refinance transactions
REQUIREMENTS
- No credit score or minimum FICO 620, depending on the lender’s guidelines
- Must provide 12 or 24 consecutive months of qualifying bank statements
- Must show proof of self-employment, such as a business license or CPA letter
- Business must be operating for at least two years to ensure income stability
- Minimum of 3 months of reserves required, with higher amounts improving loan terms
LOAN OPTIONS:
The 12/24-Month Bank Statement loan is ideal for self-employed borrowers whose true earning power isn’t accurately reflected on tax returns. Whether due to deductions, business reinvestment, or flexible income streams, this program allows you to qualify using bank deposits instead of net taxable income.
It’s a strong solution for entrepreneurs, consultants, and small business owners who maintain healthy cash flow but face challenges meeting conventional documentation requirements.
With flexible options for using personal, business, or blended bank statements, this program provides a clear, alternative path to financing — without compromising on loan terms or approval confidence.
How Do You Qualify for a 12/24 Month Bank Statement Loan?
To get started, call us at (810) 921-1695. Our team will help determine whether 12 or 24 months of statements gives you the best path to approval.
You’ll need to provide consecutive bank statements — either personal, business, or a combination — showing regular deposits that reflect your business income. Lenders will average those deposits to calculate your qualifying income.
You must also verify your self-employment status, typically with a business license, CPA letter, or similar documentation, and demonstrate adequate reserves — usually at least 3 months.
If traditional income documentation isn’t working for you, this flexible program may be the solution.
HOW LOW WILL YOUR PAYMENT BE?