Bank Statement Loans

Built for entrepreneurs, contractors and self-employed pros.

Prospera Mortgage offers you loans through top wholesale lenders to match you with competitive pricing, faster turn times, and options that fit first-time and repeat buyers alike.

Why Choose Bank Statement Loans?

Quality on cash-flow, not tax returns

  • Use deposits as income: Personal or business statements considered (program rules apply).

  • Streamed docs: No traditional tax-return income calc required.

  • Growth-friendly: Don’t get penalized for write-offs typical in self-employed returns.

  • Flexible purposes: Purchase, rate/term, and cash-out refinance.

  • Fixed & ARM choices to match your time horizon (availability varies).

Document Checklist

Be application-ready

  • 12-24 months of consecutive personal or business bank statements

  • Government ID & SSN credit report

  • Business docs (if applicable), CPA letter for expense factor if used

  • Insurance quote (purchase) and asset/reserve statements

Who’s a Great Fit?

Bank Statement works best when…

  • Your tax returns show heavy write-offs that reduce taxable income.

  • You receive variable income (1099, multiple revenue streams).

  • You want to buy or refinance without reconstructing two years of returns.

  • You can document 12-24 months of consistent bank deposits.

Bank Statement Programs Available

12-Month Personal

Quality using 12 months of consecutive personal bank statements. Great for sole proprietors and 1099 earners with clean deposit histories.

  • Loans up to $3,000,000 (program-dependent).

  • Up to 90% LTV in select scenarios; no MI.

12-Month Business

Use your business account deposits to qualify. We apply a reasonable expense factor or CPA letter so your cash flow is captured accurately.

  • Entity-friendly; reserves often required.

  • Purchase | Rate/Term | Cash-Out.

24-Month Bank Statement

For complex income or higher-balance loans, 24 months of statements can increase qualifying income consistency for stronger approval odds.

  • May improve pricing/terms vs. 12-mo in some cases.

  • Works for personal or business statements.

Bank Statement Loan FAQs

  • No - qualifying income is calculated from 12-24 months of bank statements under program rules. Other standard docs (credit, assets, ID, appraisal) still apply.

  • Yes. Many programs allow personal or business bank statements with an expense factor or CPA letter. We’ll advise which route fits your profile.

  • Program-dependent, but options include loan amounts up to $3,000,000 with LTVs up to 90% and no mortgage insurance in select scenarios.

  • Yes - bank statement mortgages are designed for self-employed borrowers (sole props, partnerships, S-corps, etc.).

Prospera Mortgage LLC is an independent mortgage broker. Programs, rates, terms and eligibility are subject to change without notice and may vary based on borrower profile, property type, occupancy, and market conditions. Not a commitment to lend. All loans are subject to underwriting approval. Equal Housing Opportunity.