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Bank Statement Mortgage

Credit scores starting at 660

Up to 90% LTV, No MI

Angel Oak’s Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business.

  • Loans up to $3 million, Minimum loan of $150,000
  • 12 or 24 months business or personal bank statements
  • 4 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Rates are 30-year fixed
  • 2 years self-employed required
  • Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
  • Purchase and cash-out or rate-term refinance
  • Owner-occupied, 2nd homes, and non-owner occupied
  • 1099 option available
  • 40 year fixed interest only available

Program Videos

Bank Statements with Tom Hutchens

Product Spotlight with Eric Morgenson

Bank Statement Review with Lisa Lee


What is a bank statement mortgage?
A bank statement program is a home loan program that uses bank statements to calculate a borrower’s income. This is an alternative documentation loan type instead of using tax returns and W-2s in the qualification process. These loans are for self-employed borrowers who typically have substantial tax write-offs that make it challenging to demonstrate the necessary income to prove their ability to repay the loan. The bank statement loan programs use either personal or business bank statements to qualify borrowers.
Can a self-employed person get a mortgage?
Yes, a self-employed borrower can get a mortgage loan using Angel Oak’s industry leading non-QM mortgage programs. Each self-employed borrower will be assessed individually to determine if they qualify for a home loan. Credit scores, income / profits, and other factors will determine the appropriate loan type. Given a self-employed borrower’s unique financial situation, alternative documentation may be needed to calculate a borrower’s income. Angel Oak’s bank statement loan program is designed to help self-employed borrowers, small business owners, and entrepreneurs qualify for a mortgage.
Can I refinance with a bank statement loan program?
Yes, rate and term refinancing is available using Angel Oak’s bank statement program. Contact an account executive for more information.