Statements must tell a clean story
Transfers between accounts and non-business deposits can complicate the review. Ask which accounts to send before you gather anything.
loan programs
Bank Statement Loans
A bank statement loan reviews deposits into your bank accounts as part of qualifying, instead of relying only on tax returns.
We understand that traditional income documentation doesn’t always capture the full financial picture of self-employed individuals or those with non-traditional income sources. We offer bank statement loans to provide flexible lending solutions based on your bank statements. If you're a freelancer, business owner, or have fluctuating income, our loans can help you access the financing you need.
Program description as published on bossmortgage.com/products (preserved verbatim).What this financing is
Business owners and independent earners often write off legitimate expenses that reduce the income shown on a tax return. Bank statement programs were built for that gap: they look at deposit activity over a defined period as part of the qualifying picture.
The number of months reviewed, whether personal or business accounts are used and how deposits are treated depend on the investor and current guidelines.
Who it may be a fit for
Business owners
Freelancers and contractors
Borrowers with fluctuating income
Borrowers with significant business write-offs
Borrowers who were declined on tax-return-based guidelines
Not sure if Bank Statement Loans fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
Program terms vary
Pricing and structure on bank statement programs differ from tax-return-based programs. Compare both if you qualify for each.
Property type still matters
Occupancy and property type affect available options just as they do on other programs.
Talk before you gather
A short call first usually saves several rounds of document requests later.
How the process works
1. Get approved
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Shop with a clear budget in mind. When you find the right property, your loan originator can help you understand the financing details that apply to that home and your offer.
Once you are under contract, the BOSS Mortgage team helps keep the loan moving through documentation, underwriting, and closing so you can get the keys and move forward.
Frequently asked questions
How is self-employed income documented?
Self-employed files often involve tax returns and business documentation, and calculating usable qualifying income takes experience. Boss Mortgage also offers bank statement options for borrowers whose returns do not reflect the full picture.
Bring your documents to a loan originator rather than guessing at the numbers yourself.
What if I recently became self-employed?
The existing Boss Mortgage Self-Employment Income program description states: “We have options for those of you newly self-employed too! You don’t have to be in business for 2 years anymore, believe it or not!”
Talk with a licensed loan originator about which options currently apply to your situation.
Can assets be used instead of income?
Some programs consider a borrower's assets as part of qualifying rather than relying only on monthly income documentation. Availability and structure vary by investor.
Ask a loan originator whether an asset-based approach fits your file.
Can I buy a home with less-than-perfect credit?
Yes. We offer loan programs that are designed to help buyers with lower credit scores. Our experts will review your situation and find the best path forward.
Can I get a mortgage after a bankruptcy?
Boss Mortgage offers specialized lending programs for individuals who have gone through bankruptcy. Waiting periods and documentation depend on the type of filing and the program.
A loan originator can review where you are today and outline realistic next steps.
What should I avoid while my loan is in process?
Large new debts, changing jobs without telling your loan originator, moving money between accounts without documentation and closing accounts can all complicate underwriting.
When in doubt, ask before you act — it is much easier than fixing it later.
Other programs
Alternative Income / Self-Employment Income
Mortgage options for self-employed borrowers and borrowers with alternative income documentation, from Boss Mortgage.
Learn more →
Asset Utilization
Asset utilization mortgage options, where qualifying considers a borrower's assets, explained by Boss Mortgage.
Learn more →DSCR Loans
Debt Service Coverage Ratio financing for investment property purchases and refinances, explained by Boss Mortgage.
Learn more →
Jumbo Loans
Jumbo mortgage financing for higher-value purchases and refinances, explained by the team at Boss Mortgage.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
Boss Mortgage LLC NMLS #2547821. See the Licensing page for state licensing information. Additional disclosures appear in the footer of every page.