For Homebuyers, Homeowners & Investors
Bank Statement Loans
Need a mortgage that works with self-employed income? A Bank Statement Loan from Masters Home Mortgage could be the solution for you.
Bank Statement Loans Features
Income verified through bank statements instead of W-2s or pay stubs.
Can use personal or business accounts (sometimes both).
Flexible down payments starting as low as 10% (varies by credit and loan size).
Loan amounts up to $5 million or more, depending on the lender.
Perfect for…
- Perfect for self-employed borrowers, freelancers, gig workers, and entrepreneurs.
- Lets you qualify based on cash flow, not tax-adjusted income.
- Offers flexibility for borrowers with strong income but complex financials.
- Great option for those who may have been turned down for conventional financing.
- Can be paired with investment and second home purchases to expand real estate opportunities.
Frequently Ask Questions
Q: What is a Bank Statement Loan?
Answer: A Bank Statement Loan is a type of Non-QM mortgage that allows self-employed borrowers, business owners, and freelancers to qualify for a home loan using their bank statements instead of traditional tax returns or W-2s.
Q: Who qualifies for a Bank Statement Loan?
Answer: These loans are designed for self-employed individuals, contractors, gig workers, and small business owners whose tax returns don’t reflect their true income. If you have steady deposits in your bank account, you may qualify.
Q: How do lenders verify income with this type of loan?
Answer: Instead of reviewing W-2s or pay stubs, lenders analyze 12–24 months of personal or business bank statements to determine your average monthly income and ability to repay the loan.
Q: How much do I need for a down payment?
Answer: Down payments typically range from 10% to 20%, depending on your credit profile, loan amount, and the lender’s requirements.
Q: Can Bank Statement Loans be used for investment or second homes?
Answer:Yes. Many Bank Statement Loan programs can be used for primary residences, second homes, and even investment properties, giving borrowers flexibility beyond traditional mortgage programs.