We qualify you on 12 months of bank deposits, not what the IRS sees after deductions. The real picture of your income is what gets you approved.
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Banks use your tax returns. Your tax returns show write-offs. Write-offs reduce your income on paper. We skip all that, bank statements show us the real picture, and that's what gets you approved.
Seasonal or fluctuating deposits, a slow month last year, a big one this year. We look at 12–24 month trends, not a single pay stub.
Loan officers who work exclusively with self-employed borrowers. We know how to present your file so underwriting sees your real income.
12–24 months of deposits instead of tax returns. Personal or business accounts. No W-2s required.
→ Business OwnersCPA-prepared profit and loss instead of tax returns. Works even for newer businesses.
→ High Net WorthQualify on liquid assets, savings, stocks, retirement accounts, with zero income docs.
→ Best RatesIf you have 2+ years of filed returns showing strong income, conventional gives the lowest rates available.
→Use 12–24 months of bank statements instead of tax returns. Perfect for high earners with significant write-offs. Personal or business statements accepted. No tax returns required.
If you've been self-employed 2+ years with strong documented income, traditional conventional financing gives you the best rates available, down to 3% down payment.
Use a CPA-prepared profit and loss statement instead of tax returns. Ideal for business owners with clean books. Great for newer businesses under 2 years old.
Qualify based on liquid assets, savings, stocks, retirement accounts, without income documentation. Perfect for investors and high net worth individuals with low paper income.
"Wells Fargo said no. Chase said no. I run a marketing agency, tax returns show $42k after write-offs but I'm depositing $9k a month. Bedrock used 24 months of bank statements and approved me for $465k. It's not complicated, they just looked at what was actually in my account."
"Six years independent and every traditional lender wanted two years of W2s. Bank statement program looked at my 12-month average. Approved for $340k, 10% down, 6.375%. Not a perfect rate but I'll refinance when I can."
"My CPA is good at his job: $38k on paper, $180k hitting my account. Bedrock looked at the deposits, approved me for $520k. Pretty straightforward once you find a lender who actually knows how this works."
Depends on the program. Bank statement loans need 12–24 months of statements. P&L programs need a CPA-prepared profit and loss. Conventional needs 2 years of complete tax returns with Schedule C.
Bank statement and P&L programs can work with just 12 months of self-employment. Consistent deposits and a solid track record help. Previous W-2 experience in the same field can also help.
Typically 0.5–1.5% higher than conventional due to alternative documentation. For most self-employed borrowers, qualifying based on real income far outweighs the slight rate premium.