Bank Statement Only for Self-Employed
Mortgage companies need to verify your income before thy'll approve you for a home loan. They usually do this by looking at your W-2 and tax returns.
That can be a problem if you work for yourself. Independent contractors, including business owners, freelancers, and seasonal or gig workers likely won't have the tax forms needed for a traditional mortgage.
But if you have non-traditional income, you might be able to get a "bank statement mortgage." That means you prove your income by showing one or two years of regular deposits into your bank account.
Unlike a traditional mortgage, you can qualify for a bank statement home loan with your bank statements rather than a tax return.
Frequently Asked Questions
How long does it take to get pre approved and how long to close?
We can secure a formal pre approval in 1-2 business days from your application. Most loans close in about 30 days.
What experience do you have working with self employed borrowers?
We have assembled a team of loan officers each with other 12+ years of mortgage experience working with self employed borrowers, investors and borrowers who don't want to disclose their income.
Who is Bank of England and do you fund in my state?
Bank of England Mortgage is a domestic FDIC chartered and regulated bank operation for over 120 years. We have most of our products available in all states but some states have restrictions so please call or email for details in your state.
Who can I contact to answer more questions and how do I get pre approved?
Our team of licensed mortgage professionals can be reached 7 days a week at (877) 393-6207 or through the contact form on this page.