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Designed for business owners, freelancers, entrepreneurs, and self-employed borrowers
5.0 Based on 1300* Reviews
Skip the traditional W-2 and tax return approach. A bank statement loan is an alternative mortgage option designed for eligible self-employed borrowers, allowing qualifying income to be evaluated using personal or business bank statements instead of traditional income documentation.
Designed for business owners, freelancers, entrepreneurs, and self-employed borrowers
Flexible loan options with potentially higher loan amounts, depending on program guidelines
May provide a more representative picture of a borrower’s business cash flow and qualifying income
By submitting this form, you authorize Prime Choice Funding to contact you by phone call, email, and SMS/text message, including through automated technology, AI-generated or prerecorded voice or text messages, regarding mortgage products and services. Consent is not required as a condition to obtain a loan or services. Message and data rates may apply. You may opt out at any time. Questions? Contact us at info@primechoicefunding.com.
How It Works
Share a few details about your current mortgage and what you want to achieve.
We’ll analyze your situation and identify the best refinance or equity solutions.
Review rates, terms, and costs so you can make an informed decision.
We handle the details so you can focus on what’s next.
WHY CHOOSE PRIME CHOICE FUNDING?
Nearly two decades of experience helping homeowners achieve their financial goals.
In mortgages funded for thousands of families nationwide.
A wide range of loan programs from top lenders across the country.
Ability to repay is based on bank statement deposits, not pay stubs or tax returns. Personal and business bank statements qualify.
No need to submit tax returns or pay stubs.
Qualifying borrowers can get a bank statement loan with as little as 10% down.
We combine experience and technology — including our AI-driven underwriting platform — to speed up the underwriting process. Automatically sync 12 to 24 months’ worth of bank statements rather than manually uploading them.
Access your built-up equity with a cash-out refinance. Alternatively, access equity via a bank statement HELOAN or HELOC.
Prime Choice Funding finances Bank Statement loans from $100,000 up to $4.5 million in-house, with exceptions available up to $20 million for business owners purchasing luxury homes, high-value properties, or 2-4 unit residences.
Flexible DTI ratio requirements make qualifying easier.
Choose from a fixed- or adjustable-rate bank statement loan.
A bank statement loan is a type of non-qualified mortgage (Non-QM) designed for eligible self-employed borrowers who may qualify using bank statement deposits rather than relying primarily on traditional tax returns and W-2 income documentation.
Depending on the loan program, lenders may review 12 to 24 months of personal or business bank statements to evaluate deposit history and determine qualifying income. This approach can be particularly helpful for business owners and independent professionals whose legitimate business expenses and tax deductions may reduce the taxable income shown on their tax returns.
Bank statement loans may be suitable for:
Eligibility, required documentation, expense calculations, and the length of bank statement history required can vary by lender and loan program.
Minimum 2+ years self-employed in most cases.
3+ months of PITI reserves required; larger loans require more.
12 to 24 months of personal or business bank statements.
10% minimum down payment.
620+ minimum credit score.