Get Pre-Qualified
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Our 12/24 Month Bank Statement Loan is built for self-employed borrowers who want competitive terms, tailored loan options, trusted guidance, and an efficient path to closing without the headache of tax returns. By using your personal or business bank statements to measure real cash flow, we make it easier to qualify for the home or refinance you deserve—even when your tax returns don’t reflect your true income.
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Instead of tax returns, you provide 12 or 24 months of bank statements (personal, business, or a combination). We calculate an average monthly income from eligible deposits, apply a reasonable expense factor, and use that number to qualify you. That bank-statement income, together with your credit profile, assets, and property details, is used to determine your maximum loan amount. With high CLTV options, DTI up to 55%, and loans up to $4 million, this program gives self-employed borrowers a flexible, fast alternative to traditional financing—guided by our team from first review to closing.
Feature | Details |
Qualification Method | Income calculated from 12 or 24 months of bank statements (personal or business), instead of tax returns |
Loan Amount | Up to $4,000,000 (program limits apply) |
CLTV / LTV | Up to 90% CLTV for qualifying borrowers |
DTI | Ratios up to 55% (subject to credit and reserves) |
Credit Requirements | Options for no score; minimum FICO generally 620 when scored |
Reserves | Minimum of 3 months’ reserves (higher may be required based on profile and loan size) |
Property Types | 1–4 unit residential properties, condos, and townhomes (per program eligibility) |
Occupancy | Primary residences, second homes, and investment properties (subject to guidelines) |
Cash-Out | Available up to program CLTV limits; maximum cash-in-hand varies by CLTV tier |
Closing Time | Typically 3–5 weeks, depending on appraisal timing and documentation |
BarCorp Financial Group, NMLS #1746897. BarCorp Financial Group is a mortgage broker and does not make commitments or fund loans. Information provided is for general informational purposes only and is not a loan approval, Loan Estimate, or commitment to lend.
All loans are subject to underwriting approval, lender guidelines, and property qualification. Not all applicants will qualify. Product availability, interest rates, and terms are subject to change without notice and may vary by lender and state. Equal Housing Lender.
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