FHA Loans
Overview
A bank statement loan is a type of Non-QM (non-qualified mortgage) that allows self-employed borrowers to qualify for a mortgage using 12–24 months of bank statements instead of W-2s or tax returns.
Key Features
✔ Income Verified by Bank Deposits – Perfect for entrepreneurs.
✔ 12–24 Months of Statements – Personal or business accounts accepted.
✔ Higher Loan Limits – Competitive jumbo options for bigger properties.
✔ Flexible Credit Guidelines – Tailored for self-employed borrowers.
Eligibility & Guidelines
✔ Typically require 12–24 months of bank statements.
✔ Minimum credit score around 620–660.
✔ Down payment often 10%–20%, with strong reserves recommended.
✔ Available for primary residences, second homes, and investment properties.
Ideal For
✔ Self-employed professionals and small business owners.
✔ Freelancers, gig workers, or commission-based earners buying a home.
✔ Borrowers with strong cash flow but significant tax deductions.
Ready to Take the Next Step?
Whether you’re buying, refinancing, or just exploring your options, The Lowe Team at Supreme Lending is here to help you move forward with clarity and confidence.