Bank Statement Home Loan

Our Bank Statement product allows eligible self-employed borrowers to qualify using personal or business bank statement. No tax returns required.
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  • Loans from $150,000 to $3 million
  • Two years seasoning required for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Available for purchase, cash-out or rate-term refinance
  • Primary, second home, or investment properties
  • Single family, townhomes, or condos
  • 12 or 24 months business or personal bank statement submissions
  • 1099 income option available
  • Non-warrantable condos allowed
  • Two years of self-employment required
  • 40 year fixed interest-only available*

Angel Oak Home Loan’s Bank Statement program is a loan option for eligible self-employed borrowers to purchase or refinance a home. This program allows personal or business bank statements to calculate income without requiring tax returns.

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Product FAQ

General FAQ

How Does A Bank Statement Mortgage Program Work?
A bank statement mortgage allows eligible self-employed borrowers to use bank statements to help verify income instead of tax returns. A lender will use these statements to analyze income to prove the ability to repay a loan.
What Is The Difference Between A Bank Statement Loan And A Traditional Mortgage Loan?
Traditional loans will generally require tax returns, W-2s and paycheck stubs in order to verify a borrower’s income. A bank statement mortgage loan offers self-employed borrowers a different option to verify their income without using tax returns.
Are Self-Employed Borrowers Required To Use Bank Statement Loan Products?
A bank statement loan is often a great option for qualified self-employed borrowers. However, self-employed borrowers should choose the best loan product to help meet their mortgage needs.