Bank Statement Loans in Columbus, OH
Perfect for self-employed individuals and business owners. Qualify with 12-24 months of bank statements instead of tax returns.
Unlock homeownership. Skip the stress.
Our bank statement loans are designed specifically for self-employed individuals and business owners who want to achieve homeownership without traditional income documentation.
Bank statement qualification
No tax returns. No W-2s. Qualify with 12-24 months of bank statements showing consistent income.
Fast approval process
Get approved in 2-4 weeks with streamlined documentation and faster processing.
High loan amounts
Loans up to $2,000,000+ with competitive terms for primary residences and investment properties.
Self-employed friendly
Designed for freelancers, contractors, and business owners — flexible qualification criteria.
Everything you need to know about bank statement loans
What are bank statement loans?
Bank statement loans are alternative financing options for self-employed individuals who can't provide traditional income documentation like W-2s or tax returns. Instead, lenders use 12-24 months of bank statements to verify income and cash flow.
How do bank statement loans work?
Lenders analyze your bank statements to calculate your average monthly deposits, which they use to determine your qualifying income. This approach works well for those with irregular income or who write off business expenses on their tax returns.
Use cases for bank statement loans
Bank statement loans are perfect for purchasing primary residences, investment properties, refinancing existing loans, and cash-out refinancing for self-employed individuals and business owners.
Who should consider a bank statement loan?
How It Works
Our streamlined process makes it easy to get the financing you need for your home purchase using bank statements.
Apply Online
Start your bank statement loan application in minutes with our simple online form. No tax returns required upfront.
Speak with a bank statement loan expert
Get personalized guidance from our experienced team who specialize in self-employed and alternative financing.
Submit bank statements
Provide 12-24 months of bank statements and other required documentation for income verification.
Get approved
Receive your loan approval in 2-4 weeks and start shopping for your dream home with confidence.
Close your loan
Finalize your bank statement loan and move into your new home without traditional income documentation hassles.
Benefits of Bank Statement Loans
Bank statement loans offer unique advantages that make homeownership more accessible for self-employed individuals and business owners, with benefits that can save you time and hassle.
No tax returns required
Qualify with bank statements instead of tax returns, perfect for those who write off business expenses.
Faster approval process
Get approved in 2-4 weeks with streamlined documentation and faster processing than conventional loans.
High loan amounts
Loans up to $2,000,000+ with competitive terms for primary residences and investment properties.
Self-employed friendly
Designed for freelancers, contractors, and business owners with flexible qualification criteria.
Why choose bank statement loans for self-employed individuals?
Bank statement loans are specifically designed for self-employed individuals and business owners who have difficulty qualifying for traditional mortgages due to irregular income or business expense write-offs.
Alternative income verification
Use bank statements to show consistent cash flow instead of traditional income documentation.
Flexible qualification
Qualify based on your actual cash flow rather than reported taxable income.
Competitive rates
Access competitive interest rates with excellent credit and strong bank statement history.
💡 Frequently Asked Questions
Bank statement loans are alternative financing options for self-employed individuals who can't provide traditional income documentation like W-2s or tax returns. Instead, lenders use 12-24 months of bank statements to verify income and cash flow.
Bank statement loans are ideal for self-employed individuals, freelancers, contractors, small business owners, and anyone with irregular income who can demonstrate consistent cash flow through bank statements. You typically need a credit score of 620+ and 12-24 months of bank statements.
Loan amounts vary by lender but typically range from $100,000 to $2,000,000 or more. The amount is based on your average monthly deposits, credit score, debt-to-income ratio, and the property value. Most lenders use 12-24 months of bank statements to calculate qualifying income.
You'll need 12-24 months of personal and business bank statements, profit and loss statements, business license (if applicable), credit report, property appraisal, and proof of business ownership. Some lenders may also require business tax returns or CPA letters.
Interest rates for bank statement loans are typically 0.5-1.5% higher than conventional loans due to the increased risk. Rates vary based on credit score, down payment, loan amount, and property type. Current rates typically range from 6.5% to 9.5%.
Bank statement loan approval typically takes 2-4 weeks, compared to 30-45 days for conventional loans. The process is faster because there's less documentation to verify, but it still requires thorough review of bank statements and business financials.
Yes, bank statement loans can be used for investment properties, but requirements may be stricter. You'll typically need higher down payments (20-30%), better credit scores (680+), and may need to show rental income potential or existing rental property experience.
Ready to buy your dream home?
Get pre-approved for a bank statement loan today — see how much home you can afford with your bank statements.