A Bank Statement Program, also known as self-employed mortgage, is a great option for those borrowers who do not have the tax documents to prove their ability to pay for a mortgage. Widely used by entrepreneurs, freelancers, or other individuals who may not have a consistent income stream, or one, single employer, a Bank Statement Program can be applied to owner-occupied, 2nd homes or investment properties, with loans up to $4 million.
Bank Statement Programs

What is a Bank Statement Program?
Who is eligible?
While tax returns are not required, a Bank Statement Program does require 2 years of self-employment, 12 months of personal bank statements (or 24 months of business bank statements) and a credit score of 600 or more.
Features
A loan option
If you work as a consultant, freelancer, small business owner, or in any other position that causes your cash flow to be inconsistent, a Bank Statement Program is an option when traditional loans may not be.
A refinancing opportunity
For those who have left the traditional workforce since purchasing their home, a Bank Statement Program is a great to pathway to refinancing (using your bank statement loans).
An easier way
As your actual bank statements serve as a means of qualifying, a Bank Statement Program can actually help in getting a loan relatively easily. In fact, you may even qualify for a bigger home than you would with a traditional mortgage.
Who is eligible?
While tax returns are not required, a Bank Statement Program does require 2 years of self-employment, 12 months of personal bank statements (or 24 months of business bank statements) and a credit score of 600 or more.