Bank statements, not tax returns. Approved in days, not weeks.
Smart tax strategy means lower paper income. We approve based on real earning power, not what your CPA shows the IRS.
Seasonal or fluctuating income? No problem. We look at trends over 12-24 months, not what you made last month.
Bank statements only. No P&L, no complicated business docs, no 2-year tax history required.
Loan officers who work exclusively with self-employed borrowers. We know exactly what underwriters need.
"Wells Fargo and Chase both rejected me. My tax returns showed $42k after write-offs but I actually deposit $9k/month. Bedrock Mortgage used 24 months of bank statements and approved me for $465k. Closed on my Tampa office/warehouse in 22 days. Finally a lender who understands how 1099 income actually works."
"My income is all over the place. Some months $15k, some months $4k. Traditional lenders wanted 2 years of steady W2s which I don't have. Bank statement loan looked at my average deposits over 12 months. Got approved for $340k on a $380k condo. Put down 10%, rate was 6.375%. Not the lowest but I'm self-employed so I'll take it."
"Run a construction company, write off everything. My CPA shows $38k taxable income but my business account gets $180k+ deposited annually. Conventional lenders calculated my income at like $45k/year with add-backs. Bedrock Mortgage used my bank deposits, approved me for $520k. Closed on a $575k house in Fort Myers with 15% down. Finally got the house I actually deserve for what I actually make."
Use 12-24 months of bank statements instead of tax returns. Perfect for high earners with significant write-offs.
No tax returns required · Personal or business statements · Close in 30 days
Traditional financing with 2 years of tax returns. Best rates if you've been self-employed 2+ years with strong income.
Lowest rates available · Down to 3% down payment · Standard underwriting
Use a CPA-prepared profit and loss statement. Ideal for business owners with clean books who don't want to use tax returns.
CPA-prepared P&L accepted · No personal tax returns · Great for newer businesses
Qualify based on liquid assets like savings, stocks, and retirement accounts. Perfect for high net worth individuals.
No income verification needed · Investment and bank accounts · Retirement accounts accepted
It depends on the program. Bank statement loans need 12-24 months of statements. P&L programs need a CPA-prepared profit and loss. Traditional conventional loans need 2 years of complete tax returns with Schedule C or business returns.
Bank statement and P&L programs can work with just 12 months of self-employment. You'll need consistent deposits and a solid business track record. If you have previous experience in your field as a W-2 employee, that can help too.
Rates are typically 0.5-1.5% higher than conventional loans due to the alternative documentation. However, the ability to qualify based on your real income often makes this worthwhile, especially if tax write-offs lower your stated income.
Talk to a loan officer who specializes in self-employed lending.
Find out which program works best for your business.