For many hardworking self-employed individuals, getting approved for a home loan can be one of the most frustrating parts of financial planning. Traditional lenders typically rely on W-2s, pay stubs, and tax returns—documents that don’t always reflect the full picture of an entrepreneur’s actual income. Thankfully, Bank Statement Loans offer a practical and flexible solution tailored specifically to self-employed borrowers.
What Are Bank Statement Loans?
Bank Statement Loans are a non-traditional mortgage option that allows individuals to qualify based on their bank deposits rather than tax returns. Instead of verifying income through W-2s or pay stubs, lenders review 12 or 24 months of personal or business bank statements to calculate average monthly income.
This loan type is ideal for:
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Business owners
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Independent contractors
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Realtors
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Gig economy workers
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Freelancers and consultants
If you’re consistently depositing money into your account, even if your tax returns show a lower net income due to deductions, bank statement loans could be the key to securing your next home.
Why Choose a Bank Statement Loan?
1. No Tax Returns Required
Many self-employed professionals take legitimate tax deductions that reduce their taxable income. Bank statement loans allow you to qualify based on what you actually earn, not what’s reported after write-offs.
2. Greater Flexibility
Whether you use business or personal statements—or a mix of both—lenders work with real data that reflect your true income flow. This provides a fairer assessment of your ability to repay.
3. Tailored for Self-Employed Borrowers
Traditional lending rules weren’t built for modern entrepreneurs. Bank statement loans fill that gap, offering a custom-fit solution that values self-employment and business ownership.
Work with an Expert Who Understands Your Needs
Not all lenders understand the nuances of non-QM (non-qualified mortgage) lending, and that’s where Duane Buziak stands out. With years of experience helping self-employed clients, Duane matches borrowers with the right bank statement loan programs and guides them through every step of the process.
▶️https://www.youtube.com/@DuaneBuziak01
There, you’ll find valuable insights on mortgage options, financing tips, and market updates to keep you informed and empowered.
Duane is not just going to shop your rate, he has Realtors that give you back rebates, he has the lowest cost Title companies with no settlement fee and the most cost effective insurance connections. Saving the typical client thousands more!! It’s not just about the rate, it’s about the whole package – Duane always looks out for your bottom line — the whole deal!!
