Bank Statement Loans
At Blue Sky Mortgage, we understand that traditional income documentation doesn't always reflect your financial situation—especially for self-employed individuals.
That's why we offer Bank Statement Loans, designed specifically for borrowers who may not qualify for conventional loans due to their non-traditional income sources. If your income is stable but doesn't fit into traditional loan guidelines, this may be the perfect solution to help you secure your dream home.
What Are Bank Statement Loans?
Bank Statement Loans allow you to qualify for a mortgage based on your bank deposits rather than W-2s or tax returns. This loan is ideal for small business owners, freelancers, contractors, and other self-employed professionals who have a solid income but cannot meet the strict requirements of a conventional loan.
Who Should Consider a Bank Statement Loan?
Bank Statement Loans are ideal for:
- Self-employed individuals
- Freelancers, consultants, or contractors
- Small business owners
- Anyone with irregular or fluctuating income
- Borrowers who can't meet traditional documentation requirements
Simplified Application Process
Instead of gathering extensive tax documentation, your monthly bank deposits will be reviewed to determine your qualifying income. This streamlined approach recognizes that many successful self-employed professionals have income patterns that don't align with traditional employment verification methods.
Why Choose Blue Sky Mortgage?
At Blue Sky Mortgage, we're committed to offering customized mortgage solutions that align with your unique financial circumstances. We understand the challenges that self-employed borrowers face, and we're here to help you find the right loan product that meets your needs.
With experienced guidance and personalized service, we'll walk you through the process and help you get into the home you deserve. Our loan options come with a variety of terms, offering the flexibility to find a mortgage plan that fits your specific situation.
Whether you're looking to purchase your first home, upgrade to a larger property, or refinance an existing mortgage, Bank Statement Loans provide the documentation flexibility you need while maintaining competitive rates and professional service standards.
Bank Statement Verification
Qualify based on monthly deposits rather than W-2s or tax returns
No Tax Returns Required
Simplified documentation process with fewer requirements
Competitive Rates
Loans can be made to legal entities like family trusts
Looking for a Bank Statement Mortgage Loan?
Stop letting traditional income documentation requirements hold you back from homeownership. Bank Statement Loans provide the flexibility you need to qualify based on your actual earning potential, not just what shows up on your tax returns. With competitive rates and personalized service, we're here to help make your homeownership goals a reality.