Angel Oak Home Loans
Our #1
 Rated Private Mortgage Lender

  • Highly Rated & Customer-Focused
  • Available in 40+ States
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
View Website(877) 596-7033

Our Partner

Angel Oak Home Loans

Best Bank Statement Loan Providers of 2023: Our Top Picks

If you're self-employed and looking for a home loan, these private lenders are
the right ones for you.

Legal

© 2023 ACED Marketing, LLC - All Rights Reserved

CashCallMortgage Logo
  • 20+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40+ States
View Website(866) 708-5626
  • Nationwide Direct Lender
  • Free Consultation Available
  • Available in 40+ States
View Website(800) 677-6272
NASB Logo
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(855) 934-1644
Pattern Mortgage Logo

Bank Statement Loans Explained

Last Updated: June 12, 2023

Bank Statement Loans (a type of Non-Qualified Mortgage Loan) are home loans best suited for small business owners, self-employed individuals, investors, and foreign national borrowers.
Lenders use bank statements or other documents to verify and evaluate a potential borrower's income instead of using W2s or tax returns as they would for a traditional mortgage.



What is a Bank Statement Loan?

Advantages

  • No W2s, tax returns, or pay stubs required
  • Higher debt-to-income ratios are usually accepted
  • Often have above average loan limits
  • Can be used for both primary residences as well as second homes or investment purchases

Disadvantages

  • May have higher interest rates than a traditional mortgage
  • Larger down payment may be required
  • Not offered by all lenders


Upright Reviews Methodology

Our team rates Non-QM Lenders by taking into account a number of factors such as years in business, number of product offerings, number of states licensed, whether they offer free consultations, customer service quality, and online reviews as well as other criteria. We aim to provide information to consumers to aid them in making a decision on which lender is best suited for them.

DisclosureContact UsAdvertiser Disclosure
  • 15+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 20+ States
View Website(844) 918-1886
MBANC logo
  • Specializing in CA, FL, TX, & WA
  • Offers Personalized Assistance
  • Free Consultation Available
View Website(408) 891-4941
HighTechLending
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 30+ States
View Website(855) 934-1644
Pattern Mortgage Logo
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(855) 934-1644
Pattern Mortgage Logo

HighTechLending
Our #1
 Rated Private Mortgage Lender

  • Specializing in CA, FL, TX & WA
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
  • Offers Bank Statement Loans and Non-Qualified Mortgage Loans
View Website(408) 891-4941

Our Partner

HighTechLending
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(844) 422-0331
Acra Lending

HighTechLending
Our #1 Rated Private Mortgage Lender

  • Specializing in CA, FL, TX & WA
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
  • Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Get Free Consultation(408) 891-4941

Our Partner

HighTechLending
  • Highly Rated & Customer-Focused
  • Free Consultation Available
  • Available in 40+ States
View Website(877) 596-7033
Angel Oak Home Loans Logo
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(844) 422-0331
Acra Lending
Upright Reviews

Angel Oak Home Loans
Our #1
 Rated Private Mortgage Lender

  • Highly Rated & Customer-Focused
  • Available in 40+ States
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
View Website(877) 596-7033

Our Partner

Angel Oak Home Loans

Griffin Funding
Our #1
 Rated Private Mortgage Lender

  • Offers Personalized Assistance
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation & Quick Closings
View Website(855) 936-1441

Our Partner

Griffin Funding

Griffin Funding
Our #1
 Rated Private Mortgage Lender

  • Offers Personalized Assistance
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation & Quick Closings
View Website(855) 936-1441

Our Partner

Griffin Funding

HighTechLending
Our #1 Rated Private Mortgage Lender

  • Specializing in CA, FL, TX & WA
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
  • Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Get Free Consultation(408) 891-4941

Our Partner

HighTechLending
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation Available
View Website(855) 936-1441
Griffin Funding

HighTechLending
Our #1 Rated Private Mortgage Lender

  • Specializing in CA, FL, TX & WA
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
  • Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Get Free Consultation(408) 891-4941

Our Partner

HighTechLending