What is Bank Statement Loans?
Bank Statement Loans are a type of Non-QM (Non-Qualified Mortgage) that allows self-employed borrowers to qualify for a mortgage based on their bank statement deposits rather than their tax returns. This is particularly valuable because self-employed individuals often take significant tax deductions that reduce their reported income on tax returns, even though their actual cash flow is strong.
At Roxford Holdings, our Bank Statement Loan program accepts 12 to 24 months of personal or business bank statements to calculate qualifying income. We analyze average monthly deposits to determine your income, which often results in significantly higher qualifying amounts than tax return-based calculations.
Bank Statement Loans are available for both primary residences and investment properties, with loan amounts up to several million dollars. They can be structured with fixed or adjustable rates, and terms from 15 to 30 years. This program is ideal for business owners, freelancers, independent contractors, gig economy workers, and anyone whose tax returns don't reflect their true earning capacity.
How it compares: Bank Statement Loans solve the key problem self-employed borrowers face: tax write-offs reducing their qualifying income. By using actual deposits instead, borrowers can qualify for significantly larger loan amounts.
Who Qualifies for Bank Statement Loans?
How to Apply for Bank Statement Loans
Apply with Roxford Holdings and indicate self-employed status
Provide 12 or 24 months of personal or business bank statements
We calculate qualifying income from average monthly deposits
Complete property appraisal and standard underwriting review
Close on your home — typically within 30-45 days
Key Features
Benefits
Requirements
Self-employment for at least 2 years
12-24 months of bank statements
Minimum credit score (typically 620+)
Reasonable debt-to-income ratio based on bank statement income
Property appraisal required
Frequently Asked Questions
We offer both 12-month and 24-month bank statement programs. The 24-month option may result in a more accurate income picture and potentially better terms.
Both personal and business bank statements are accepted. We can use either type or a combination depending on which best represents your income.
We calculate qualifying income by analyzing your average monthly deposits over the statement period. Transfers between accounts and non-income deposits are excluded from the calculation.
Yes, bank statement loans are available for both primary residences and investment properties at Roxford Holdings.
Ready to Get Started with Bank Statement Loans?
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"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc
"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc