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12-Month Bank Statement Loan
A Flexible Mortgage Solution for Self-Employed Borrowers
A 12-Month Bank Statement Loan is designed for self-employed individuals, freelancers, and business owners who may not have traditional income documentation like W-2s or tax returns. Instead of verifying income through pay stubs, this loan program allows borrowers to qualify using their last 12 months of bank statements—providing a flexible and accessible home financing solution.
Why Choose a 12-Month Bank Statement Loan?
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No Tax Returns or W-2s Required – Qualify using bank deposits
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Higher Loan Amounts – Borrow more based on cash flow
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Flexible Credit Requirements – Alternative qualification options available
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Purchase or Refinance – Use for buying a new home or refinancing an existing mortgage
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Competitive Interest Rates – Designed for self-employed borrowers
12-Month Bank Statement Loan Qualifications
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Self-employed for at least 2 years (business owners, freelancers, independent contractors)
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12 months of consecutive bank statements required
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Minimum credit score of 620+ (varies by lender)
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Stable income deposits in personal or business accounts
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Down payment as low as 10%-20% (depends on credit & income profile)
Step-By-Step 12-Month Bank Statement Loan Process
1. Apply in Minutes
Simple online application
2. Submit 12 Months of Bank Statements
No tax returns or W-2s needed
3. Get Pre-Approved
Determine your budget & loan terms
4. Underwriting & Loan Approval
Based on income deposits & financial health
5. Close & Move In
Secure home financing with an alternative income solution
Advantages of a 12-Month Bank Statement Loan
Perfect for Self-Employed Borrowers – No traditional income docs required
Faster Approval Process – Less documentation than conventional loans
Higher Loan Amounts – Qualify based on bank deposits instead of tax returns
Can Be Used for Purchases or Refinancing – Great for homebuyers & homeowners
Flexible Loan Terms – Choose between fixed or adjustable rates
Multiple Property Types Eligible – Primary residence, second homes, or investment properties
12-Month Bank Statement Loan vs. Conventional Loan – Which Is Right for You?
FEATURE
12-Month Bank Statement Loan
Conventional Loan
Income Verification
Bank statements
W-2s & tax returns
Down Payment Required
10%-20%
3%-20%
Credit Score Requirement
620+ (varies)
620+
Self-Employment Requirement
2+ years
Not required
Mortgage Insurance
Not applicable
Required if <20% down
Why Choose Us for Your 12-Month Bank Statement Loan?
At Trust Lending, we specialize in helping self-employed borrowers secure home financing with non-traditional income verification. Whether you're a business owner, freelancer, or contractor, we’ll help you get the best mortgage solution without the hassle of tax returns or W-2s.
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Tailored Loan Solutions – Designed specifically for self-employed individuals
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Fast & Hassle-Free Processing – Simplified underwriting & approval
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No Tax Returns Needed – Qualify based on bank statements alone
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Technology-Driven Service – Secure, seamless digital experience
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Trusted Experience – Over 20 years in mortgage lending
Learn More About 12-Month Bank Statement Loans
What Is a 12-Month Bank Statement Loan?
A 12-Month Bank Statement Loan is a non-traditional mortgage that allows self-employed borrowers to qualify for home financing based on their bank statement deposits instead of tax returns or W-2s. This program is ideal for those who earn solid income but don’t show it on traditional tax documents.
Who Can Benefit from a 12-Month Bank Statement Loan?
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Self-employed professionals & business owners
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Freelancers & independent contractors
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Commission-based workers
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Gig economy workers (Uber, Lyft, delivery services, etc.)
Types of Bank Statement Loans
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Personal Bank Statement Loan – Qualify using personal account deposits
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Business Bank Statement Loan – Qualify using business income deposits
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Purchase Loan – Buy a home with no tax return verification
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Refinance Loan – Lower your rate or cash out home equity