Bank statement loans in New Jersey
For self-employed borrowers whose tax returns don't show what they really earn. You qualify on your bank deposits instead, to buy a home or refinance one.
Why tax returns get in the way
Business owners write off expenses, which is exactly what they should do, but it means the income on their tax return can be far below what actually comes in. A bank statement loan looks at your personal or business deposits instead, so the income you live on is the income you qualify with.
In October 2026 we closed two refinances in Fort Lee for one borrower on this program: $2,660,000 and $2,641,000, documented with bank statements and no tax returns.
Program at a glance
- Loan amounts
- $100,000 to $3 million
- Credit score
- 660 minimum
- Loan-to-value
- Up to 90% on purchases with a 720+ score, no mortgage insurance
- Debt-to-income
- Up to 50%
- Cash-out
- Up to $500,000 above 65% LTV; unlimited at 65% LTV or below
- Mortgage history
- No 30-day late payments in the last 12 months
- Property
- Primary homes, second homes and investment properties
- Loan options
- 30-year fixed, 30- and 40-year fixed interest-only, 7/6 ARM, 7/6 ARM interest-only, 7/6 40-year ARM interest-only
Pricing improves in most cases when the loan-to-value is below 80%.
Who it's for
You need to be self-employed: that's a requirement of the program. If you're not employed or have no income to document, ask us about our no income check and asset-based programs instead. Paid on 1099s or with a prepared P&L? Those have their own programs too.