Why Non-Traditional Works
Designed for real-life borrowers.
These flexible, non-traditional options help you move forward—whether you're self-employed, recovering your credit, or buying as a foreign national.
Alternative Income Verification
Use bank statements or assets in place of tax returns.
Expanded Credit Flexibility
Poor or limited credit histories don’t disqualify you.
Foreign National Eligibility
Finance U.S. property without needing citizenship or residency.
Investment-Friendly Options
Tailored solutions for rental or income-generating properties.
Eligibility Requirements
To qualify for a bank statement mortgage, borrowers typically need to meet the following criteria:
Self-employment history of at least 2 years
12 to 24 months of personal or business bank statements
Consistent monthly deposits that reflect sufficient income
A minimum credit score of 620–660, depending on the LOAN TO VALUE
A down payment of 10–20%, depending on credit and documentation strength
A debt-to-income (DTI) ratio based on bank statement analysis
Acceptable Documentation
12–24 months of consecutive bank statements (personal or business)
Business license or CPA letter verifying self-employment
Profit and loss (P&L) statements (in some cases)
Identification and standard credit review
Tory Pietzsch and his team will analyze average monthly deposits and apply an expense ratio (often 50% for business accounts unless otherwise justified) to determine qualifying income.
Acceptable Documentation
12–24 months of consecutive bank statements (personal or business)
Business license or CPA letter verifying self-employment
Profit and loss (P&L) statements (in some cases)
Identification and standard credit review
Tory Pietzsch and his team will analyze average monthly deposits and apply an expense ratio (often 50% for business accounts unless otherwise justified) to determine qualifying income.
Loan Terms and Options
Loan amounts up to $5,000,000
Fixed-rate and adjustable-rate options available
Primary residence, second homes, and investment properties eligible
Interest-only options available on select programs
No private mortgage insurance (PMI) required
Self-Employed Borrower Mortgage Insurance Requirements
Self-employed borrowers have specific mortgage insurance requirements. Key points include:
Proof of Income: Tax returns for the last two years and possibly profit and loss statements.
Credit Score: A preferred credit score of 620 or higher for better rates.
Debt-to-Income Ratio: Maintain a DTI ratio of 43% or lower; higher ratios may be accepted.
Mortgage Insurance Premiums: Premiums may be higher due to perceived risk.
Reserves: 2-3 months’ mortgage payments in reserves can strengthen the application.
Loan Type Considerations: Different loan types (FHA, conventional, VA) have varying requirements.
Documentation Requirements:
Eligible Property Types for Self-Employed Borrowers
Self-employed borrowers can qualify for various property types when applying for a mortgage:
Single-Family Homes: Standalone houses for individual families.
Multi-Family Homes: Properties with multiple units, like duplexes or triplexes, for rental income.
Condominiums: Individual units in a larger building with shared amenities.
Townhouses: Attached homes sharing walls, typically in a community.
Investment Properties: Acquired for rental income or capital appreciation.
Vacant Land: Unimproved land for future development, though financing may be limited.
Self Employed Borrower Loan
Testimonials
Leo
Denton
I’m self-employed and was told ‘no’ until I met Tory. He made it happen.
Erica
Galveston
Other lenders struggled with my paperwork—Tory didn’t blink. He gets it done.
Mark
Richardson
Even with credit bumps, Tory helped us buy our rental property with confidence.
Anna
League City
No tax returns? No problem for Tory. He knew exactly what to do.
Victor
Odessa
Foreign national loans are tricky—Tory made it simple. 10/10.
How Bank Statement Loans Work for Self-Employed Buyers
Prove income without traditional documents
Buying Property with Poor Credit: What You Need to Know
You don’t need perfect credit to own real estate
Foreign National Loans Explained
Finance U.S. property as a non-resident
Cash-Out Refinance vs. HELOC: Which is Better?
Compare two ways to tap your home equity
Mortgage Tips, Tools & Insights
Clear guidance for smart decisions.
Get expert advice on home buying, refinancing, and loan options. Our blog makes mortgage topics easy to understand so you can move forward with confidence.