Bank Statement Loans From a San Diego Lender.
Loans from $150,000 to $3.5 Million, qualified using twelve or twenty-four months of personal or business bank statements, for a primary residence, second home, or investment property.
Quick answer
Saxton Mortgage does. At least one program we offer qualifies with 12 or 24 months of consecutive personal bank statements, or with business statements using a fixed expense ratio, a third-party expense ratio, or a third-party prepared P&L. Loans run from $150,000 to $3,500,000 on a primary residence, second home, or investment property, with credit scores starting at 660 and higher scores required on larger loans.
Qualify on bank statements, not tax returns.
However your business earns, there’s likely a path that fits.
- Two full years of consecutive statements, every page included*
- Twelve or twenty-four month options
- Self-employed borrowers welcome
- Each borrower on the account for all 24 months*
- Business open two years for the 24-month option at one program*
- Data pulled straight from your bank accepted at one program*
- Financing to 90% of value, with the highest tiers reserved for the strongest credit*
Qualify using twelve or twenty-four months of bank statements
Personal or business accounts accepted
Investment homes on 24 months of deposits
Cash-out after six months on title
Up to 20 acres on a primary home
Rent from other properties can count
What is the Saxton 24 Month Bank Statement Loan?
A loan qualified from deposits rather than tax returns
The Saxton 24 Month Bank Statement Loan is built for self-employed borrowers, qualifying from the deposits your accounts actually receive rather than from net income after deductions.
Qualify using twelve or twenty-four consecutive months of personal or business bank statements, with business accounts reviewed by expense ratio or a third-party prepared statement.
Some files need the second year. One program splits your latest 12 months into two six-month halves and compares the average ending balance of each. If balances fall more than 25%, the business is not seasonal and the drop goes unexplained, a full 24 months of statements becomes mandatory. Learn more about second home and investment property.
Why choose the Saxton 24 Month Bank Statement Loan?
Built for self-employed borrowers whose tax returns understate what the business actually earns.
Business Owners
Deposits show the revenue that write-offs hide on a tax return.
Independent Contractors
Qualify on what your accounts actually received rather than net income after deductions.
Commission Earners
Uneven months smooth out across a twelve or twenty-four month deposit history.
Restaurant & Retail Owners
High-volume deposit businesses qualify on the statements you already produce.
Real Estate Professionals
Agents, brokers, and investors with variable income can document it this way.
Two Years Of Deposits
Twenty-four months of deposits build the income picture.
Hear From Homeowners Like You
Frequently Asked Questions
The questions we get asked most about the 24 Month Bank Statement Loan.
Saxton Mortgage does. At least one program we offer qualifies with 12 or 24 months of consecutive personal bank statements, or with business statements using a fixed expense ratio, a third-party expense ratio, or a third-party prepared P&L. Loans run from $150,000 to $3,500,000 on a primary residence, second home, or investment property, with credit scores starting at 660 and higher scores required on larger loans.
One program requires two full years of statements for any loan over $3,500,000, because its largest tier, which tops out at $5,000,000, offers no 12-month option. Elsewhere, the second year is required whenever 12 months cannot prove the business income is stable.
Yes, one program accepts a full 24 months of statements from your business account once your company is at least two years old. Income there comes from a 50% fixed expense ratio, a CPA or EA expense ratio of at least 10%, or a P&L prepared by a CPA or EA.
No, and at one program tax returns should not appear in a 24-month bank statement file at all, even marked through or blanked out. If they are presented, the loan must be restructured as full documentation. Your preparer may still confirm in writing that you filed a Schedule C or Schedule E for the past two years.
A 24-month bank statement loan at one program needs a company you have owned and operated two years or longer, plus two years of work in that same field. A younger business with steady deposits can qualify on 12 months there instead, but only with five years in the field, backed by a business license or a CPA letter.
A 24-month bank statement loan at one program can finance a single-family home, PUD, townhome, warrantable or non-warrantable condo, or a building of two, three or four units. Two to four units cannot be a second home there, and a condotel needs a full kitchen, a separate bedroom and a loan of $2,500,000 or less.
Yes, one program accepts 24 months of either personal or business statements for a rental purchase or refinance, and a business entity can take title on a business-purpose loan. Prepayment penalties are allowed on investment loans there where the law permits.
Yes, one program allows cash out on a 24-month bank statement refinance, with as much as $1,000,000 in hand*. You must not have closed another cash-out refinance on that home within the previous 12 months, and a property with no mortgage on it qualifies. Learn more about cash-out refinancing.
Find out what you qualify for
Gather two years of monthly statements for each account you rely on. We will check the balance trend and deposits, then pre-qualify you.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.