BANK STATEMENT

Bank statement only loans are ideal for self-employed individuals who may have irregular or fluctuating income, such as business owners, freelancers, or gig workers. They allow borrowers to show their income based on the deposits made into their business or personal bank account over a specified period of time.

To qualify for a bank statement only loan, borrowers typically need to provide their bank statements for the past 12 to 24 months, along with other documentation, such as a business license or proof of business ownership. We will then use this information to determine the borrower's income and creditworthiness.