Self-Employed Mortgage. Your Bank Statements Are Your Proof.
Tax returns do not tell your full story. Qualify using 12 or 24 months of bank statements instead. Designed for entrepreneurs, freelancers, 1099 workers, and business owners in Texas.
A Non-QM (Non-Qualified Mortgage) self-employed loan is designed for borrowers whose income is real but does not appear on a tax return the way a lender can use it. Business owners often show low taxable income because of legitimate deductions. A standard lender looks at your adjusted gross income and declines you. A bank statement lender looks at your actual deposits and approves you based on what is truly flowing through your business.
Kris Syevens at Aravian Financial specializes in helping self-employed Texas borrowers navigate Non-QM lending. By shopping across 20+ wholesale Non-QM lenders, Kris finds the program that best fits your deposit history, down payment, and property goals, whether you are buying a primary home, a vacation property, or an investment rental.
Who Qualifies?
Self-employed for at least 2 years
12 or 24 months of personal or business bank statements available
Credit score of 620 or higher (660+ for best pricing)
Down payment of 10-20% depending on loan amount and LTV
Debt-to-income ratio within program guidelines
Primary residence, second home, or investment property
Pros and Cons
Advantages
No tax returns or W-2s required
Qualify on actual cash flow, not taxable income
Loan amounts up to $3 million or more
Available for purchase and cash-out refinance
Both personal and business bank statements accepted
Interest-only options available through select lenders
Things to Consider
Interest rates higher than conventional (typically 1-2% above market)
Larger down payment required than FHA or conventional
Rate varies significantly by lender, making broker access valuable
Frequently Asked Questions
Yes. Non-QM bank statement loans were designed specifically for this situation. You qualify using 12 or 24 months of bank statements instead of tax returns. Kris works with multiple wholesale Non-QM lenders to find the best terms for your deposit history and loan size.
The lender averages your monthly deposits from either 12 or 24 months of bank statements to calculate your qualifying income. For business bank statements, an expense factor (typically 50-70%) is applied to account for business costs. The resulting monthly income figure is then used to qualify your debt-to-income ratio.
Most programs require at least 2 years of self-employment, documented through business registration, CPA letter, or business license. Some lenders will consider 12 months for borrowers who transitioned from W-2 employment in the same field.
Most bank statement loan programs require a minimum credit score of 620 to 660. The best rates are typically available for scores above 720. Kris works with lenders across the spectrum to find options that fit your profile.
Loan amounts typically range up to $3 million or more depending on the lender, LTV, and your borrower profile. Down payments typically start at 10% for loans under $1.5 million and increase for larger amounts.
Yes. Most programs accept either personal or business bank statements, or a combination. For business accounts, lenders apply an expense ratio to calculate net qualifying income. Kris can help determine which statement type produces the best qualifying income for your situation.
