💼 Self-Employed Mortgage Hack 💰 | How Bank Statement Loans Can Get You Approved 🏠

🧾 Bank Statement Loans for Self-Employed Buyers 🏡 | No Tax Returns Needed!

July 17, 2025•2 min read

🧾 Bank Statement Loans for Self-Employed Buyers 🏡 | No Tax Returns Needed!

💼 Self-Employed Mortgage Hack 💰 | How Bank Statement Loans Can Get You Approved 🏠

🧾 Bank Statement Loans: Mortgage Solutions for Self-Employed Buyers
When you’re your own boss, qualifying for a traditional mortgage can feel like jumping through hoops. That’s where bank statement loans come in—tailored specifically for self-employed individuals, gig workers, freelancers, and entrepreneurs who don’t receive regular W-2 income.

What Are Bank Statement Loans?

Bank statement loans allow you to qualify for a mortgage using monthly deposits shown on your bank statements—usually over a 12- or 24-month period—rather than traditional tax documents. This option is ideal for buyers who write off a large portion of their income for tax purposes but have healthy cash flow.

Who Qualifies?

✅ Self-employed borrowers (2+ years recommended)
✅ Freelancers, independent contractors, gig workers
✅ Small business owners
✅ Real estate investors with consistent rental income

Key Benefits:

· No tax returns or W-2s required

· Use personal or business bank statements

· Qualify based on actual deposits, not net taxable income

· Higher loan amounts may be possible

· Ideal for high-income, low-taxable-income borrowers

Example Scenario:

Meet Maria, a Houston-based wedding photographer who earns over $120K a year but writes off much of her income. Her tax returns only show $45K in income—enough to get her denied by a big bank. But with a bank statement loan, her actual monthly deposits show a different story, and she gets approved for a $500K home in Katy, TX.

Documents Typically Needed:

· 12 to 24 months of bank statements

· Business license or CPA letter

· P&L statement (sometimes required)

· ID and credit report

Final Thoughts:

Bank statement loans offer a real path to homeownership for self-employed Texans. At Medallion Mortgage, we help you navigate this process with clarity, speed, and personalized solutions.

🔗 Want to explore your options? Visit https://billrapponline.com or schedule a call today!

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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