Bank Statement Program
Bank Statement Loan
Your deposits tell your story. No tax returns needed.
Bank statement loans use 12 or 24 months of personal or business bank statements to verify income instead of tax returns. Perfect for self-employed borrowers whose tax deductions reduce their reported income.
10%
Min Down Payment
620
Min Credit Score
50%
Max DTI
Key Features
- 12 or 24 month bank statements for income
- Personal or business bank statements accepted
- No tax returns required
- Higher loan amounts available
- Self-employed friendly
Ideal For
- Self-employed individuals
- Small business owners
- Freelancers and contractors
- Those with significant tax write-offs
- Entrepreneurs with strong deposits
Weighing Your Options
Advantages
- No tax returns
- True income reflected
- Self-employed friendly
- Flexible documentation
Considerations
- Higher interest rates
- Larger down payment
- Expense factor applied to deposits
What You'll Need
- 12 or 24 months of consecutive bank statements
- Minimum 620 credit score
- 10-20% down payment
- CPA letter may be required
- Business must be operating 2+ years
Apply for Bank Statement
Fill this out and Ciro will fast-track your personalized loan plan.
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Questions about Bank Statement loans?