Bank Statement Home Loans

Do you think outside the box? Your mortgage should, too. And it can — with a bank statement home loan from Planet Home Lending.

What are the advantages of a bank statement home loan?

• Great choice for self-employed people
• No W-2s needed
• Surprisingly low credit scores OK
• Purchase or refinance
• Access equity in your current home

Bank statement home loans can be especially useful for the self-employed and those forging their own path:

• Business owners
• Freelancers
• Gig economy workers
• Independent contractors

Call us at 888-966-9044 to learn more or get a free quote today!

Bank Statement Home Loans Fast Facts

• With a bank statement home loan, you can use personal bank statements, or bank statements from your business and your Profit and Loss statement, to show income.
• Not all lenders offer bank statement home loan programs. They’re unusual and specially designed. So do your research and choose a lender, like Planet, that has experienced professionals on staff.

Call us at 888-966-9044 for more information or to get a free quote today!

Bank Statement Home Loans FAQ

How does a bank statement home loan work?

To get a home loan, you have to show you have enough income to meet the monthly payments. With a bank statement home loan, you prove your income by showing bank statements, rather than a W-2 or tax return. That’s what makes them so useful to people who are self-employed.

What are the bank statement requirements for a home loan?

Generally speaking, you’ll need to have at least two years of documentation showing self-employment or independent income. No tax returns are needed. Planet will also consider your credit, savings, assets, and your home value.

Can I use gift funds for a down payment with a bank statement home loan?

Absolutely. Get in touch with one of our mortgage professionals at 888-966-9044 for more information.

Can a freelancer or independent contractor get a bank statement home loan?

If you qualify, yes you can. Bank statement home loans are also great for digital nomads and other gig economy workers, too.

Can a content creator or independent graphic designer get a bank statement home loan?

If you qualify, yes. Bank statement home loans are also great for small business owners.

What sort of amounts can I get approved for with a bank statement home loan?

Loan amounts are available up to $4 million.

Will I need a Letter of Explanation (LOE) to get a bank statement home loan?

Only if you have recent, large deposits that aren’t part of your regular income. And even then, our Planet mortgage professionals will be happy to help you understand what you need to do! Call us at 888-966-9044 to discuss your options.

Are bank statement home loans available in my state?

Planet offers bank statement home loans in most states from — California to New York and from Arizona to Florida — so chances are, we’ll be able to help you. Give us a call: 888-966-9044.

What are the bank statement home loans rates right now?

Rates change fast, sometimes multiple times a day. But at Planet, we work hard to get you the best rates available. Call us for current rates and dedicated service.