Best Bank Statement Loan Lenders

A self-employed borrower with $25K/month in business deposits and $40K on the Schedule C isn’t going conventional. The writeoffs that lower the tax bill kill the qualifying income. Bank statement loans work off deposits — 12 or 24 months of them — not returns. FICO floors span 60 points across active programs. Max LTV runs 80% to 90%. Those differences matter on real deals. Six lenders active in 2026 and what separates them.

Have your statements ready? Get a quote in 30 seconds or call 833-350-9185 .

How we selected these lenders

We focused on lenders actively originating bank statement loans in 2026, not just listing the product on their website. Selection criteria:

Active origination — verified funded loans, not just marketing pages
Meaningful geographic reach — licensed or operating in 20+ states
True self-employed programs — not W-2 income with occasional 1099 sideline income
Transparent program guidelines — FICO floors, LTV caps, and statement requirements publicly stated or directly available from loan officers
Flexible vesting — accepts LLC or entity closes, or at minimum individual investment property

Rates are not included. Non-QM rates change daily and vary significantly by scenario — any published rate would be misleading within days. Get a live scenario quote from any lender on this list.

Lender comparison table

Lender	Min FICO	Max LTV	Max Loan	Statements Required	Best For
1st Nationwide Mortgage	600	90%	$4M+	3 or 12 months	High-LTV scenarios, multi-program access
Angel Oak Mortgage Solutions	640	85%	$3M	12 or 24 months	Borrowers with strong profiles wanting retail service
Griffin Funding	620	85%	$5M	12 months	Borrowers who want direct-to-consumer simplicity
Deephaven Mortgage	660	80%	$2.5M	12 or 24 months	Clean files with strong reserves
Acra Lending	640	85%	$3M	12 months	CA-heavy borrowers, complex income
Luxury Mortgage	640	85%	$3M	12 or 24 months	Borrowers needing flexibility on income calculation

Program details change frequently. Verify directly with each lender before applying.

Lender profiles

1st Nationwide Mortgage

1st Nationwide (NMLS #1281) is a direct lender and broker operating in California, Colorado, Oregon, Washington, Texas, and Idaho — with bank statement programs available in 41 wholesale states through lender partners. The highest LTV available through our partnerships is 90% up to $2M, making this one of the few programs that can finance a high-value property without a 20% down payment. FICO floor starts at 600 on select programs. We accept 3-month or 12-month bank statements, can combine with W-2 or asset depletion income, and close in LLC. Compare current options or call 833-350-9185 .

Angel Oak Mortgage Solutions

Angel Oak is one of the largest dedicated non-QM lenders in the country, with both retail and wholesale channels. Their bank statement program uses 12 or 24 months of personal or business bank statements. FICO minimum is 640. LTV goes to 85% on primary residence. They’ve been originating non-QM loans since 2013 — underwriting is predictable, appraisal management is solid. Clean file, 80-85% LTV, doesn’t need the extra few points: Angel Oak is reliable execution.

Griffin Funding

Griffin Funding markets directly to self-employed borrowers and has strong consumer-facing educational resources. Their bank statement program uses 12 months of personal or business statements, with a 620 FICO minimum. They’ll do investment properties and primary residences. LTV is typically 85%. Loan amounts go to $5M, which makes them useful for high-balance markets. Their application process is phone-forward, which some borrowers prefer to a portal-heavy process.

Deephaven Mortgage

Deephaven originates through a wholesale broker network and select retail channels. The program is conservative compared to others here — 660 FICO minimum, 80% maximum LTV — but they’re consistent closers. They also offer a 1099-only income option alongside the bank statement product. Strong credit, strong reserves, 80% LTV: Deephaven closes it. Sub-660 FICO or need for 90% LTV, look elsewhere.

Acra Lending

Acra is a wholesale and retail non-QM lender based in California, with strong production in the Western states and national reach. Their bank statement program allows 12 months of statements and accepts income from personal or business accounts. FICO floor is 640. They’ve funded complex scenarios including mixed LLC/individual vesting and situations with large non-recurring deposits that other lenders exclude. Direct AE relationships available through broker channel.

Luxury Mortgage

Luxury Mortgage’s Simple Access Non-QM program covers bank statement loans with 12 or 24-month statement options and flexible expense ratios depending on whether you use personal or business statements. FICO starts at 640. They’re a retail and wholesale lender with long-standing non-QM program history. One useful feature is their ability to blend bank statement income with W-2 or 1099 income on the same file.

How bank statement loan income is calculated

Income calculation is where bank statement programs diverge the most. Know this before you apply.

Business account statements: Most lenders apply an expense ratio — typically 50% — to business deposits to arrive at qualifying income. A business account depositing $20,000/month becomes $10,000 qualifying income. Some lenders allow a lower expense ratio (25-30%) with a CPA letter.

Personal account statements: Some lenders use 100% of personal deposits with no expense ratio applied. This can significantly increase qualifying income for borrowers who pay themselves via owner draws that flow through a personal account.

12 vs 24 months: 24-month averaging smooths out high-month/low-month variation. 12-month can work in your favor if your income has grown recently — it won’t be averaged down by a slower prior year.

FAQ

Some lenders require two years of self-employment history; others accept 12 months. 1st Nationwide has access to programs requiring only 12 months of self-employment. You’ll typically need to show the business is in the same field as your prior employment, and provide business licenses or CPA-prepared statements confirming business legitimacy.

Yes, typically. Most bank statement programs start at 10-20% down (80-90% LTV). Conventional loans with strong credit can go to 3-5% down. The tradeoff is that bank statement loans don’t require tax returns or employment verification — the higher down payment reflects the lower documentation standard.

Yes. Bank statement loans work for primary residences, second homes, and investment properties. Note that DSCR loans are often a better fit for pure investment properties — they qualify based on rental income rather than your personal income, which means no bank statements required at all.

A bank statement loan qualifies you based on your personal or business income, demonstrated through deposits. A DSCR loan qualifies the property based on rental income — your personal income is irrelevant. If you’re buying a rental property that covers its own mortgage, a DSCR loan is usually simpler. If you’re buying a primary residence or a rental where your income matters, a bank statement loan is the right tool.

Most bank statement loans close in 21-30 days with complete documentation. Common delays: missing business bank statements for a specific month, CPA letters that don’t meet lender requirements, or properties that need appraisal condition waivers. Having 12-24 months of clean, uninterrupted statements ready at application is the single biggest accelerant.

Start your bank statement loan application — or call 833-350-9185 to speak with a loan officer now.