Bank Statement Home Loans:

A Flexible Mortgage Solution for Self-Employed Borrowers

What Is a Bank Statement Home Loan?

A bank statement home loan is a mortgage option designed for self-employed individuals, freelancers, business owners, and independent contractors who may not have traditional income documentation such as W-2s and tax returns. Instead of relying on tax documents, lenders use 12 or 24 months of bank statements to verify income, making it easier for self-employed borrowers to qualify for a home loan.

This program provides a flexible and realistic approach to mortgage approval, especially for those who have strong income streams but maximize tax deductions, resulting in a lower reported taxable income.

Why Choose a Bank Statement Loan?

Bank statement mortgages offer several advantages over traditional loan options, including:

  • Easier Qualification – No tax returns or W-2s are required, making it ideal for self-employed borrowers.
  • Higher Loan Amounts – Borrow up to $3,000,000 based on your actual income deposits.
  • Flexible Loan-to-Value (LTV) Ratios – Finance up to 90% of the home’s value without requiring private mortgage insurance (PMI), depending on the loan size and purpose.
  • Use Personal or Business Bank Statements – Borrowers can qualify using business or personal bank statements, providing more options for different financial situations.
  • Multiple Business Bank Accounts Allowed – If you have multiple income streams, you can use statements from different accounts.
  • Low Business Expense Ratios – Qualify with a business expense ratio as low as 10%, maximizing your purchasing power.
  • No Profit & Loss (P&L) Statements Required – Simplified approval process without additional financial documentation.
  • Consideration for NSFs & Overdrafts – Lenders take a common-sense approach when reviewing overdrafts and non-sufficient funds (NSFs), making approval easier.

Why Get Your Bank Statement Loan from North Star Mortgage Network Inc.?

At North Star Mortgage Network Inc., we understand the challenges self-employed borrowers face when trying to secure home financing. Our team specializes in bank statement loans, ensuring a smooth and hassle-free mortgage experience.

Here’s why North Star Mortgage Network Inc. is the right choice for your bank statement loan:

✅ Expert Guidance – We have extensive experience working with self-employed individuals and tailoring mortgage solutions to their needs. ✅ Competitive Rates – Our loan programs offer some of the best rates in the industry for bank statement mortgages. ✅ Fast & Streamlined Process – We help you navigate the paperwork and approvals efficiently, ensuring quick funding. ✅ Flexible Qualification Requirements – We take a common-sense approach to income verification, making homeownership more accessible. ✅ Personalized Service – Our mortgage specialists provide one-on-one support throughout the loan process, helping you every step of the way.

Get Started Today!

If you’re self-employed and looking for a mortgage solution that works for you, a bank statement loan from North Star Mortgage Network Inc. may be the perfect fit. Contact us today to discuss your options and start the pre-approval process!

Call us or visit our website to get started on your path to homeownership.

Our Bank Statement Loan Program is an excellent tool designed to cater to self-employed borrowers who may struggle to qualify for traditional mortgage loans due to their unique income streams. These loans rely on bank statements, rather than tax returns or W-2s, to verify income–providing a more accurate reflection of your client’s true earning potential.
Why use Bank Statement Loans for income?

Flexible Income Verification: We understand that self-employed borrowers often have fluctuating income. Our Bank Statement Loan uses 12 or 24 months of business or personal bank statements to verify income, making the application process more comfortable and streamlined for your clients.

High Loan Values and Competitive LTV: Our Bank Statement Loan Program offers loans from $150,000 up to an impressive $3,000,000, with up to 90% Loan to Value (LTV), ensuring your clients have the financial support they need.

Diverse Property Types: We support purchase, cash-out, and rate-term refinance on owner-occupied, second homes, and non-owner-occupied properties.


Let’s discuss how we can collaborate and help you. Call me at 904-613-7700 Nate

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