Self-Employed borrowers have unique challenges. Documenting the actual income needed to qualify for a mortgage is not always readily available. A bank statement loan can be a valuable option for self-employed individuals, freelancers, or small business owners who may not have traditional W-2 income but still have strong cash flow. Instead of relying on tax returns or pay stubs, lenders use 12 to 24 months of personal or business bank statements to assess income, offering more flexibility in qualification. This type of loan allows borrowers to showcase their real earning potential without the deductions and write-offs that often reduce taxable income on paper. Bank statement loans can make homeownership accessible to creditworthy borrowers who might otherwise be overlooked by conventional mortgage standards. If you are a small business owner, FDM is ready to assist you! Fed Week
