What Is a Bank Statement Loan?
A Bank Statement Loan is a type of non-traditional mortgage that allows borrowers to qualify
based on deposits shown in their bank statements instead of traditional income verification.
Instead of requiring W-2s, pay stubs, or full tax returns, your lender reviews 12 or 24 months of
personal or business bank statements to determine your average monthly income — giving
a more accurate picture of your real earning power.
This program is ideal for:
●Self-employed business owners
●Independent contractors and freelancers
●1099 income earners
●Gig economy professionals
●Real estate agents and loan officers
●Entrepreneurs with multiple income streams
If you’ve been told “no” because of tax write-offs, a UHome Mortgage Bank Statement Loan
may be your “yes.”
Why Self-Employed Borrowers Love Bank Statement Loans
In Georgia’s growing entrepreneurial market, more buyers are self-employed than ever before.
Bank Statement Loans make it possible to buy or refinance without jumping through hoops.
Here’s why self-employed borrowers across Atlanta and beyond love this program:
●✅ No Tax Returns or W-2s Required – Qualify using 12 or 24 months of bank
statements
●✅ Use Business or Personal Statements – We’ll analyze whichever best reflects your income.
●✅ High Loan Amounts – Finance up to $3 million, perfect for self-employed professionals and investors.
●✅ Credit Scores as Low as 620 – Flexibility for borrowers with varying credit profiles.
●✅ DTI Ratios Up to 50% – More breathing room to qualify compared to traditional loans.
●✅ Purchase, Refinance, or Cash-Out Options – Use your equity strategically for growth.
●✅ 1099 and P&L Options Available – For contractors or business owners without traditional statements.
●✅ Fast, Common-Sense Underwriting – Review based on your real financial picture, not tax write-offs.
This loan was built for the modern entrepreneur — and we make it simple.
How Bank Statement Loans Work at UHome Mortgage
Our team makes qualifying easy. You’ll provide 12 or 24 months of bank statements, and we’ll
average your deposits to determine your income.
From there, we structure a loan that fits your real cash flow — not your taxable income.
For example, if your business deposits $15,000 a month and expenses average 40%, we’ll
qualify you on $9,000 per month of usable income — a far more realistic number than what
shows on your tax return after deductions.
You can also choose between fixed-rate and adjustable-rate options, with down payments
starting as low as 10%, depending on your credit and property type.
Whether you’re buying your first home, upgrading, or refinancing an investment property, our
Bank Statement programs give you the freedom to buy like a business owner should.
Who Bank Statement Loans Are Perfect For
You might be the right fit for a Bank Statement Loan if you:
●Are self-employed or own a business
●Have significant income deposits but lower taxable income
●Want to avoid the hassle of explaining deductions
●Need flexibility in documentation
●Are buying or refinancing a primary, second, or investment property
●Want loan amounts up to $3 million with DTIs up to 50%
If that sounds like you, this loan can help you qualify where traditional programs fall short.
Why Choose UHome Mortgage
Our slogan says it all: Loans That Get U Home.
We built our company to serve real people with real stories — not just those who fit a perfect
checklist. As an Atlanta-based mortgage broker, we specialize in helping self-employed and
entrepreneurial borrowers get the financing they deserve.
When you work with us, you get:
●Fast pre-approvals (often within 24 hours)
●Direct access to specialized self-employed programs
●Flexible underwriting that makes sense for your situation
●Personalized guidance from professionals who understand business owners
●A smooth, stress-free closing process from start to finish
We know what it’s like to build something from the ground up — and we’re here to make sure
your hard work gets you home.
Start Your Bank Statement Loan Journey Today
If you’re ready to buy or refinance and want a mortgage that works with the way you earn, our
Bank Statement Loan program is built for you.
Get a free instant rate quote
Take a first step towards your dream home
Free & non binding
No documents required
No impact on credit score
No hidden costs
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