Specialty · For the Self-Employed

Bank Statement & Self-Employed Loans

If you're self-employed, your tax returns probably understate what you really earn after write-offs. A bank-statement loan qualifies you on your actual deposits — 12 to 24 months of them — so the income you live on is the income that counts.

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See what your real income qualifies for

No obligation — get your estimated price range and monthly payment, powered by our lending partner, Bond Street Mortgage.

Self-employed lending at a glance

Income that reflects reality

12–24 mo
Of bank statements used to calculate income — personal or business — in place of tax returns.
1099 & P&L
Related options qualify on 1099 income or a profit-and-loss statement for those who document differently.
Any occupancy
Available for primary, second, and investment homes.

These are non-agency (Non-QM) products; documentation styles, down payments, and credit guidelines are set by the lender and change periodically — confirm with Bond Street.

Who it's for

When tax returns don't tell the story

Business owners

Legitimate deductions lower your taxable income — and your qualifying income on a traditional loan. Bank statements fix that mismatch.

1099 & gig earners

Contractors, consultants, and gig workers can qualify on documented 1099 income or deposit history rather than W-2s.

Newer self-employment

Programs vary, but many work with a shorter self-employment history than the two full years agency loans expect.

Owner-occupant friendly

Unlike DSCR, these can finance the home you'll actually live in — not just investment property.

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How it works

What lenders look at

  • 12–24 months of personal or business bank statements to calculate qualifying income
  • Alternative documentation options including 1099-only and profit-and-loss programs
  • Available for primary residences, second homes, and investment properties
  • Down payment commonly in the 10–20% range, credit-driven
  • No traditional tax-return income calculation required

Common questions

Self-employed loan FAQs

Why can't I just use a regular loan?

You can if your tax returns support the income — but write-offs often reduce the net income lenders count, shrinking what you qualify for. Bank-statement loans solve that by using your actual deposits instead.

Whose bank statements — personal or business?

Either, depending on the program. Lenders apply an expense factor to business-account deposits or use personal-account deposits directly. Bond Street can tell you which approach maximizes your qualifying income.

Can I buy a primary residence this way?

Yes — unlike DSCR, bank-statement and self-employed programs work for the home you'll live in, as well as second homes and investments.

What if I'm an investor too?

Then a DSCR loan may be the cleaner path for rental properties, since it skips personal income entirely. Start your pre-approval and we'll match the right one.

Our trusted lending partner

Bond Street Mortgage

We work hand-in-hand with Bond Street Mortgage, serving Bergen, Passaic, Morris, Hudson, and Essex counties. Their team coordinates with us from pre-approval through closing.

Talk to the team

Get qualified on your real income

Reach out and we'll connect you with the right loan path and a pre-approval that holds weight in a competitive market.

(201) 240-5200  ·  chopper@chopperrussoteam.com
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RE/MAX Select — Chopper Russo Team. Thomas "Chopper" Russo, 392 Ramapo Valley Rd, Oakland, NJ 07436. Not a commitment to lend. Loan products, documentation requirements, rates, and approval are provided by Bond Street Mortgage subject to its terms and qualification.

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