Bank Statement Mortgage

Redefining Homeownership With Bank Statement Mortgages

Empowering the Self-Employed through Tailored Mortgage Solutions

Minimum Credit Score


Maximum Debt To Income


Maximum Loan To Value


Maximum Loan Amount

At Innovative Mortgage, we specialize in providing a comprehensive suite of mortgage solutions, including our Bank Statement Mortgage program. This program is designed to accommodate self-employed individuals and entrepreneurs who may not have the traditional forms of income documentation required by conventional loan programs.

Understanding Bank Statement Mortgages:

Key Features:

  • Income Verification: Instead of W-2s or tax returns, borrowers can leverage their personal or business bank statements to demonstrate their income. Typically, 12 to 24 months of statements are required to establish a consistent cash flow.
  • Credit Flexibility: Our program offers flexibility for those with near-miss credit situations, helping borrowers who may be slightly outside the conventional lending criteria due to credit issues.
  • Loan Amounts: With loan amounts ranging up to $3,500,000, our Bank Statement Mortgage program caters to a wide range of financing needs.
  • Loan-to-Value (LTV) Ratios: We offer maximum LTV ratios of up to 90% for primary residences, ensuring that you can leverage the highest possible funding based on your property value.

Program Requirements:

  • Business Ownership: Borrowers must have been self-employed and owned their business for at least two years.
  • Documentation: The program requires a Self-Employed Business Narrative Form and verification that the business has been in existence for two years.
  • Reserves: Depending on the loan amount, borrowers may need to show reserves ranging from 3 to 12 months of the subject property’s PITI (Principal, Interest, Taxes, and Insurance).

Additional Options:

  • Easy Doc Financing: For those seeking a faster closing process, our Easy Doc Financing offers a streamlined alternative.
  • Bridge Loans and Hard Money: To accommodate acquisitions requiring quick closings or properties that need stabilization, our Bridge and Hard Money loans provide interim financing solutions.

Why Choose Innovative Mortgage’s Bank Statement Loans:

Our program is designed with self-employed individuals in mind, recognizing the challenges they face in procuring traditional mortgages. We provide the necessary flexibility to account for the unique cash flow and credit circumstances common among entrepreneurs.

Start Your Application Today:

If you’re self-employed and looking for a mortgage solution that aligns with your financial reality, consider the Bank Statement Mortgage program offered by Innovative Mortgage. Our team is ready to assist you in navigating the application process and securing the financing you need.

Contact Innovative Mortgage to learn more about our Bank Statement Mortgage program and take the first step toward realizing your homeownership or investment property goals.

Pros of Bank Statement Mortgages


No Tax Returns Needed

For a variety of reasons this is a big relief for some of our clients, especially the self employed.

Easier Underwriting

Underwriting criteria are a lot more forgiving for Bank Statement Loans.


The higher interest is easier to swallow when you learn that there is no PMI regardless of LTV.

Cons of Bank Statement Mortgages


Higher Cost Loan

Even after factoring PMI savings the payment will likely be higher than a comparable Conventional Loan.

Higher % Down

A bank statement mortgage requires a minimun of 10% down with a credit score over 700. % down increases as credit score drops.

Key Issues That Will Get Early Attention

Try Conventional
With the way we're set up it's easy to check Traditional and Specialty programs simultaneously. If we can save you money we will.
Identify Income
What we count is valid deposits. It's best to send it in to the underwritter and have them confirm so 100% confident in the information and you can move forward confidently.
Analyze Credit
Aside from the typical qualification, we're looking for errors, innacuracies and rapid re-score opportunities to optimize your credit score so we can find the best terms.
Discuss Mortgage Strategy
If you qualify for a conventional loan it means you paid a lot more in taxes. We'll discuss what you would have to do to qualify for conventional financing so can prepare for a future refinance if it makes sense to do so.