Self-employed? Qualify with bank statements — no tax returns
Bank statement home loans for self-employed buyers and business owners in California, Texas, Georgia, Tennessee, Oklahoma, and Idaho. Qualify using 12–24 months of bank statements instead of tax returns — CDL Mortgage specializes in Non-QM lending for entrepreneurs.
Why CDL
CDL Mortgage Services Inc. is a full-service mortgage company focused on securing the best loans at the best rates. As an independent broker, we aren’t tied to one bank’s products — we shop multiple wholesale lenders for every bank statement loan to find the strongest pricing for your scenario.
Every file is handled start-to-finish by a licensed loan officer, not a call center. From fast pre-approval through underwriting and closing, you’ll always know exactly where your loan stands.
Requirements
General guidelines — final qualification depends on the lender, property, and your full financial profile.
Calculator
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
How It Works
A bank statement loan qualifies self-employed borrowers from actual business deposits instead of tax returns. It exists because legitimate write-offs make successful business owners look unqualified on paper.
Twelve or twenty-four months of business or personal bank statements, depending on the program.
Deposits are totaled, transfers and non-business items removed, and an expense factor applied to reach usable income.
Commonly 50%, or lower with a CPA letter or profit-and-loss statement supporting a leaner cost structure.
Typically 10–20% down with a 620+ score. Stronger profiles get materially better pricing.
Two years of self-employment history documented through a license, CPA letter or public records.
You are approved on the cash your business actually generates, not on your adjusted gross income.
Your Options
Bank statements are one of several ways to document self-employed income. We match the method to your situation.
Honest Advice
These loans solve a real problem and cost more than agency financing. Both facts matter.
If your returns show a fraction of your real cash flow, this is the program built for you.
Last year’s returns understate today’s revenue — deposits show current reality.
Consistent deposit history carries substantial weight in manual underwriting.
Expect pricing above conventional. If your returns actually support the loan, agency financing is cheaper.
Money that never hits the bank cannot be counted. Depositing consistently now pays off later.
Inter-account transfers get stripped out. Clean account structure raises your qualifying income.
Questions
Instead of tax returns, the lender reviews 12 or 24 months of your personal or business bank statements and calculates qualifying income from your deposits. It’s built for self-employed borrowers whose tax returns understate their true cash flow after write-offs.
Business owners, freelancers, 1099 contractors, gig workers, and anyone self-employed for at least two years (some programs allow one year). If your tax returns show less income than you actually earn, this program was made for you.
Most bank statement programs start around 10% down with strong credit, and 20% down unlocks the best pricing. Loan amounts can go well above conforming limits, making this a popular jumbo alternative for entrepreneurs.
Either works. With business statements, lenders apply an expense factor (often 50%, or lower with a CPA letter) to estimate net income. With personal statements, 100% of qualifying deposits typically count. We’ll analyze both and use whichever qualifies you for more.
Rates are modestly higher than conventional loans, reflecting the flexible documentation. Many borrowers refinance into a conventional loan later once their tax returns support it — we’ll map out that path with you.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.
Find bank statement loans details for your city or county below.
Ready when you are
Same-day pre-approvals, dozens of wholesale lenders shopped for you, and one licensed loan officer from application to keys in hand.