Bank Statement Loans offer a flexible home financing option for self-employed individuals, focusing on bank deposits instead of traditional income documentation.
Bank Statement Loans are a game-changer for self-employed individuals, small business owners, and freelancers who often face challenges qualifying for traditional mortgages. These loans evaluate your income based on deposits reflected in your personal or business bank statements, bypassing the need for tax returns or W-2s. If you’ve struggled to prove your income despite having the cash flow to support a mortgage, Bank Statement Loans provide a solution tailored to your unique financial situation.
With Bank Statement Loans, you can enjoy the flexibility of qualifying based on your actual cash flow. Lenders typically review 12-24 months of bank statements to determine eligibility, giving you credit for all your income sources. This loan type offers competitive rates and terms, and you can use it to purchase, refinance, or invest in property. Whether you’re a gig worker, entrepreneur, or seasonal employee, Bank Statement Loans make it easier to secure the financing you need without traditional income restrictions.
At Cascade Home Loans, we understand the unique challenges faced by self-employed borrowers. Our team specializes in Bank Statement Loans, guiding you through the process with ease and expertise. From assessing your eligibility to customizing loan terms, we work closely with you to ensure your financing aligns with your goals. Let us help you achieve your dream of homeownership with a loan designed to meet your needs.
Apply for your loan without worrying about upfront application costs, so you can focus on finding the right home and financing solution.
Self-employed individuals, small business owners, freelancers, and gig workers with steady bank deposits can qualify.
Lenders typically require 12-24 months of personal or business bank statements, proof of assets, and a solid credit profile.
No, Bank Statement Loans eliminate the need for traditional income documentation like tax returns or W-2s.
Lenders calculate income based on average monthly deposits in your bank statements, minus applicable business expenses.
Interest rates may be slightly higher than traditional loans, but the flexibility and tailored approach make them a great option for many borrowers.
Yes, Bank Statement Loans can be used for purchasing or refinancing investment properties.
Don’t just take our word for it
Pippy and his team were the best, very efficient and communicative throughout the entire process!
Great experience from start to finish with Andrew Pippy. He was super responsive, explained everything clearly, and made the whole mortgage process way less stressful. Not to mention he gets closing completed super quickly! We were able to close a week earlier than expected. Highly recommend!
I’ve worked with Jason before when I was originally going through the process of buying my house, he is very well educated and will help you every step of the way, highly recommend his services. Absolutely top tier!
Great company with top tier values. Clients always come first and the guys work harder than anyone I’ve ever seen to make things happen. Would not feel taken care of getting a loan anywhere else.
Mat was immensely helpful, communicative, and all around a pleasure to work with as my husband and I navigated our first home-buying experience! Highly recommend.
Andrew Pippy with Cascade went above and beyond for our home purchase! He was able to facilitate everything for my VA Loan and we were able to lose 18 days after offer acceptance!!! Unreal timing and service from this team. 10/10 service and communications, will do business with again!
“Working with Andrew Pippy and his team was a seamless experience. Communication was always clear and secure, and he consistently responded promptly. I truly appreciate the excellent support—thank you!”
Mat was wonderful to work with and made our first time home buying process super easy! Extremely communicative and professional!
Matt recently helped us refinance our home. We had a great experience! Matt is so patient and answered all of our questions. We look forward to working with Matt again in the future.
