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KNB Capital · Loan Programs
Bank Statement
Loan
12–24 months of deposits prove your income. Made for self-employed borrowers, business owners, and high earners whose tax returns don't tell the whole story.
Get My Free Quote Start ApplicationThe Basics
What Is A Bank Statement Loan?
A bank statement loan is a type of Non-QM (non-qualified mortgage) that verifies income using 12 or 24 months of personal or business bank statements instead of W2s and tax returns. Your actual cash flow — not your taxable income after deductions — is used to qualify.
This is the solution for the self-employed borrower who earns great money but writes off significant expenses. Your accountant lowered your tax bill — we use your deposits to show the lender what you actually make.
How You Qualify
Bank Statement Loan Requirements
Bank Statements
12 or 24 months of personal or business bank statements. A consistent deposit history and sufficient average monthly income are the key qualifying factors.
Credit Score
Most programs start at 660 FICO. Better credit unlocks lower rates and higher LTV options. No employment verification or income letter required.
Down Payment
Typically 10–20% down for purchases. Owner-occupied, second homes, and investment properties all eligible depending on the program.
Self-Employment
2+ years of self-employment typically required. Business bank statements are averaged and an expense factor is applied to determine qualifying income.
Common Questions
What You Need To Know
Can I Use Business Bank Statements?
Yes. Business statements are common for this program. Lenders apply an expense factor (typically 50% for business, 100% for personal) to determine qualifying income. We'll help you choose the best statement type for your situation.
Are The Rates Higher Than Conventional?
Bank statement loans are Non-QM, so rates are typically slightly higher than conventional. However, as a wholesale broker KNB Capital accesses pricing that's significantly better than what retail banks offer for the same program.
What Property Types Are Allowed?
Primary residences, second homes, and investment properties all qualify. Loan amounts up to $3M+ are available with the right profile. Condos and multi-unit properties are also eligible.
Your Deposits
Tell The Real Story.
No tax returns needed. Get your wholesale quote today.