Bank Statement Loan

Bank Statement loans are often a great mortgage option for self-employed borrowers.

Angel Oak Home Loans’ Bank Statement program may help self-employed borrowers purchase or refinance a home. This program uses the borrower’s business bank statements to help calculate their income without requiring tax returns.


*Not all self-employed borrowers will qualify. Additional documents may be required for eligibility.

  • Available for Purchase and Rate/Term & Cash Out Refinance
  • Owner-Occupied Residences:
    • Single Family, Townhomes, or Condos

  • 24 months Business Bank Statements Required
    • Additional documentation will be required for qualifying income and loan approval.


How does a bank statement mortgage program work?

A bank statement mortgage allows self-employed borrowers to use bank statements to help verify income instead of tax returns. A lender will use these statements to analyze income to prove the ability to repay a loan.

What is the difference between a bank statement loan and a traditional mortgage loan?

Traditional loans will generally require tax returns, W-2s and paycheck stubs in order to verify a borrower’s income. A bank statement mortgage loan offers self-employed borrowers a different option to verify their income without using tax returns.

Are self-employed borrowers required to use bank statement loan products?

A bank statement loan is often a great option for qualified self-employed borrowers. However, self-employed borrowers should choose the best loan product to help meet their mortgage needs.