You built something. Now let’s get you home
Running your own business takes grit. But when it comes to getting a mortgage, the traditional process wasn’t built with you in mind. Tax returns often understate what self-employed borrowers actually earn, and that can make qualifying feel more difficult than it should.
A Bank Statement Loan changes that. Instead of tax returns, you use 12 or 24 months of bank statements to show what your business actually brings in. It’s a smarter way for entrepreneurs, freelancers, and small business owners to qualify for the home they’ve worked so hard for.
Highlights & Benefits
Bank Statement Loan Benefits
- Borrow up to $3.5 million: High loan limits for borrowers with serious purchasing power.
- No tax returns required: The last 12 or 24 months of your bank statements may be enough to tell the real story. S
- Up to 90% loan-to-value with no mortgage insurance. More home, less out of pocket.
- Finance the property that fits your life: Primary homes, second homes, and investment properties are eligible.
- Interest-only options available: For qualified borrowers seeking lower initial payments.
Ask your First Heritage Mortgage loan officer for full guidelines and eligibility requirements.
Popular questions about Bank Statement loans
The Bank Statement Loan program is built for self-employed borrowers, including business owners, freelancers, independent contractors, and anyone whose income doesn't fit neatly into a W-2. If you've been self-employed for at least two years, this program may be a great fit.
You can, but for many self-employed borrowers, tax returns actually understate their real income. Business deductions that reduce your tax bill can also make it harder to qualify for a traditional mortgage. Bank statements tell a more accurate story of what you actually bring in.
You'll need either 12 or 24 consecutive months of personal or business bank statements. Your loan officer will help you determine which option works best for your situation.
This is a question you’ll want to get answered before you begin your home search. This is something that we’re here to help you with. Our mortgage calculators will help you see how your down payment, monthly payment and the amount you borrow are all interrelated.
Yes. The Bank Statement Loan program is available for primary residences, second homes, and investment properties.
Explore our other specialty loan programs
Not sure if a Bank Statement loan is the right fit for your needs? Not to worry. First Heritage Mortgage offers a full suite of specialty loan programs, each designed for a specific type of borrower situation.
DSCR Loans
Qualify based on your property’s rental income, not your personal tax returns. Built for real estate investors who want to grow their portfolio without the paperwork.
Non-Warrantable Condo Loans
Found the condo you love, but heard it’s non-warrantable? We specialize in financing for condos that fall outside conventional guidelines, with loan amounts up to $2 million for eligible buyers.
Loans for Medical Professionals
A mortgage program built around your career. Qualify using a future employment contract, borrow up to $2 million, and buy with as little as zero down with no mortgage insurance required.
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Your business is thriving. Your home should too
You’ve worked hard to build something of your own. Don’t let the mortgage process hold you back. A Bank Statement Loan from First Heritage Mortgage gives you a straightforward path to homeownership, on terms that actually make sense for how you earn. Let’s work together to find the loan that works for your life.
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