Bank Statement Loans for Self-Employed Borrowers

Travis Erickson • October 23, 2025
Mortgage broker helping client with bank statement loan approval

For self-employed homebuyers, qualifying for a mortgage can feel like an uphill climb. Traditional lenders rely on tax returns and W-2s, which often don’t reflect your true income as a business owner or independent contractor. That’s where bank statement loans come in.


At Bonelli Financial Group, we work with the best home mortgage lenders across Arizona, Texas, and Florida to help you secure flexible bank statement home loans designed for self-employed borrowers.

What Are Bank Statement Loans?

Bank statement loans are mortgage programs that use your bank deposits—rather than your tax returns—to verify income. Instead of relying on adjusted gross income, lenders review 12 to 24 months of personal or business bank statements to calculate your qualifying income.


This makes bank statement mortgage loans an excellent choice for self-employed borrowers, business owners, freelancers, and 1099 earners who may not fit the mold of traditional lending requirements.

Why Bank Statement Loans Are Ideal for Self-Employed Buyers

Most small business owners reinvest in their companies, which lowers their taxable income. Unfortunately, that can make it difficult to qualify for a conventional mortgage. With a bank statement home loan, you can qualify based on your actual earnings rather than what shows on paper.


These loans are flexible, practical, and perfect for real income earners who want to buy or refinance without unnecessary restrictions.


Key benefits include:

  • No tax returns or W-2s required
  • Qualify using 12–24 months of bank statements
  • Available for both purchases and refinances
  • Competitive rates from the best rated mortgage lenders
  • Available across Arizona, Texas, and Florida


Bank Statement Business Loans: Financing Growth

For entrepreneurs looking to expand their operations, bank statement business loans are an excellent financing option. Instead of focusing on corporate tax returns, lenders evaluate your cash flow using business bank statements.



Whether you need working capital or plan to invest in property, these loans offer flexibility and speed, helping business owners stay focused on growth.

Every market is unique, and Bonelli Financial Group partners with home loan lenders in FL, TX, and AZ who understand the local real estate landscape.


Bank Statement Loans Arizona

Arizona’s growing small business community makes it a prime market for bank statement mortgage loans. Self-employed professionals in Phoenix, Tucson, and Scottsdale are using these programs to qualify for homes more easily.


Bank Statement Loans Texas

For Texas borrowers, these loans help bridge the gap between fluctuating income and consistent homeownership goals. Whether you’re in Austin, Dallas, or Houston, bank statement loans Texas programs make financing straightforward.


Bank Statement Loans Florida

In Florida’s competitive housing market, self-employed buyers often face tighter scrutiny from traditional lenders. Bank statement loans Florida programs allow entrepreneurs and investors to qualify with flexibility and confidence.

Qualifying for a bank statement mortgage loan is simple:

  1. Provide 12–24 months of business or personal bank statements
  2. Maintain a credit score of at least 620
  3. Show consistent monthly deposits that demonstrate steady income
  4. Have a reasonable down payment (typically 10–20%)



Our team at Bonelli Financial Group will review your bank statements and match you with one of the best mortgage companies offering programs tailored to your financial situation.

If you’re self-employed, working with an experienced mortgage professional is crucial. When you find a mortgage broker who understands how to structure your income properly, you improve your chances of approval and better loan terms.


At Bonelli Financial Group, we act as your lending advocate—helping you compare offers from the best rated mortgage lenders and securing programs that match your goals.

As a trusted mortgage loan broker, we specialize in flexible loan programs that meet the unique needs of entrepreneurs, contractors, and business owners.


Our relationships with top home loan lenders in Florida, Texas, and Arizona allow us to deliver personalized solutions, fast approvals, and competitive rates for bank statement loans.


If you’re ready to explore your options, visit our page here:
👉 Bank Statement Loans

Frequently Asked Questions (FAQ)

  • What is a bank statement loan?

    A bank statement loan is a type of mortgage that allows self-employed borrowers to qualify using personal or business bank statements instead of W-2s or tax returns. It’s designed for business owners, freelancers, and independent contractors whose income doesn’t fit traditional documentation.

  • Who qualifies for a bank statement home loan?

    You may qualify if you’re self-employed, own a business, or earn 1099 income. Most bank statement home loans require 12–24 months of consistent deposits and a credit score of 620 or higher.

  • How do bank statement mortgage loans work?

    Bank statement mortgage loans verify your income based on your average monthly deposits rather than reported taxable income. Lenders review your cash flow to determine your ability to repay the loan.

  • What are the benefits of bank statement loans for self-employed borrowers?

    These loans provide flexibility, no tax return requirements, and realistic income assessments. They’re ideal for entrepreneurs, gig workers, and small business owners who reinvest in their businesses.

  • Can I get a bank statement loan in Arizona, Texas, or Florida?

    Yes. Bonelli Financial Group offers bank statement loans in Arizona, Texas, and Florida through top-rated lenders. Each state has flexible programs for both home purchases and refinances.

  • Are bank statement business loans available?

    Yes. Bank statement business loans are ideal for entrepreneurs who want to access funding for growth or property investment. Lenders review your business bank statements to assess cash flow rather than tax returns.

  • What is the difference between a bank statement home loan and a traditional mortgage?

    A bank statement home loan uses your deposits to calculate income, while a traditional mortgage relies on W-2s and tax returns. This makes it easier for self-employed borrowers to qualify.

  • How much down payment do I need for a bank statement loan?

    Most programs require 10–20% down, depending on your credit score and the lender. Bonelli Financial Group can help you compare options from the best home mortgage lenders to find the best fit.

  • What credit score is needed for a bank statement mortgage loan?

    While requirements vary, most lenders accept credit scores starting at 620. The higher your score, the more favorable your rate and terms.

  • Can I refinance using a bank statement loan?

    Yes. Bank statement refinance loans allow you to tap into equity, lower your rate, or consolidate debt using your real income—without needing tax returns.

  • How do I find a mortgage broker who offers bank statement loans?

    When you’re ready to find a mortgage broker, look for one experienced with non-traditional income borrowers. Bonelli Financial Group partners with the best mortgage companies offering bank statement programs nationwide.

  • How do I apply for a bank statement loan with Bonelli Financial Group?

    You can start your application online or by contacting our team directly. We’ll review your income, match you with one of the best rated mortgage lenders, and walk you through every step of the process.

    👉 Learn more or apply today

Self-employed borrowers deserve mortgage options that reflect their real income. Bank statement loans offer a clear path to homeownership and business growth for those who don’t fit the traditional lending box.


Whether you’re in Arizona, Texas, or Florida, Bonelli Financial Group can help you secure a loan that aligns with your goals. Contact us today to learn more about your options and get a rate quote.

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