Bank Loan Statement Programs
Flexible Financing for Self-Employed Borrowers
If you’re self-employed or a business owner, traditional income verification can stand in the way of homeownership — even if you’re thriving financially. That’s where the Bank Statement Loan Program comes in. At Freedmont Mortgage, we offer a smart solution that lets you qualify using your bank deposits rather than tax returns or W-2s.
Why Choose a Bank Statement Loan?
- No Tax Returns or Transcripts Required
- Qualify Using 12- or 24-Month Bank Statement Averages
- Up to 90% Loan-to-Value (LTV) with no Mortgage Insurance
- Loan Amounts Up to $3 Million
- Credit Scores Starting at 620
- Cash-Out Options Up to 80% (min. 700 FICO)
We even offer a concierge income calculation service to help streamline the approval process.
More Highlights
- Available for owner-occupied homes (1–2 units)
- Use of higher FICO when borrowers have 50/50 shared ownership
- Up to 50% Debt-to-Income (DTI) allowed
- Recent self-employed history considered
- Rent-free living accepted
- 1-year seasoning for prior credit events like foreclosure or bankruptcy
Perfect for entrepreneurs, gig workers, consultants, and real estate investors.
