SELF-EMPLOYED HOME LOANS
Self-employed individuals can qualify for the mortgage they want with just their bank statements!
SELF-EMPLOYED HOME LOANS
Self-employed individuals can qualify for the mortgage they want with just their bank statements!
Self-Employed Home Loans
Mortgages made easy for entrepreneurs, business owners, influencers and more!
What is a Bank Statement Loan?
A bank statement mortgage is a flexible, non-QM home loan designed specifically for self-employed borrowers, business owners, and entrepreneurs who don’t want the headache of collecting tax returns, W-2s, or endless paperwork. Instead of relying on tax returns or pay stubs, lenders qualify you based on your personal or business bank statements—using just 12 or 24 months of statements—so you can prove your income without unnecessary documents. This type of mortgage is ideal for self-employed individuals whose tax write-offs or business structure make their taxable income appear lower than their true earning power.
Why Self-Employed Borrowers Trust LendFriend for Bank Statement Loans?
At LendFriend Mortgage, we understand the challenges that self-employed borrowers, entrepreneurs, small business owners, and freelancers face when applying for a mortgage—because our founders, Eric and Michael, faced them too. That’s what inspired them to create LendFriend: a mortgage company that offers bank statement loan programs designed specifically for self-employed professionals. Instead of relying on W-2s, pay stubs, or tax returns, we help you qualify based on your true income using your business or personal bank statements, cash flow, and deposits.
Our mission is to make homeownership easier and more accessible for hardworking business owners like you. Below is Eric and Michael’s story explaining how their experience as self-employed borrowers shaped LendFriend’s mission.
Eric and Michael’s Mission: Simplifying Home Loans for Self-Employed Buyers and Entrepreneurs
Eric and Michael started LendFriend Mortgage from their apartment in Austin, Texas, with nothing but a dream: to create an easier, more supportive process to help borrowers—especially self-employed homebuyers, business owners, and entrepreneurs—finance their dream homes. That dream became a reality, funding over $1 billion in mortgages and helping thousands of families across the country.
But even with that success, Eric and Michael encountered a problem they didn’t expect: getting a mortgage for their own homes was far harder than it should have been—simply because they were self-employed. The process was filled with unnecessary red tape, confusing requirements, and lenders who didn’t understand how to evaluate the true income of entrepreneurs, freelancers, and small business owners.
Realizing that millions of other self-employed borrowers faced the same obstacles, they set out to change the system. LendFriend focuses on bank statement loans, cash flow analysis, and alternative income documentation to make it easier for business owners and independent professionals to qualify for the right mortgage—without the hassle.
Today, LendFriend Mortgage is dedicated to helping self-employed individuals, small business owners, and freelancers across the country achieve the dream of homeownership. With the right team, process, and support, owning a home is within reach—even if your income doesn’t fit into a traditional W-2 box.
Here’s How LendFriend Makes It Simple to Qualify for a Bank Statement Mortgage
With our wide network of trusted lenders, LendFriend Mortgage helps self-employed borrowers, entrepreneurs, freelancers, and small business owners qualify for home loans with flexible non-QM mortgage solutions. We turn your real income—shown through your business or personal bank statements—into a strength, helping you get preapproved with confidence.
Step 1: Gather Your Bank Statements
Provide 12 to 24 months of personal or business bank statements. These statements help us calculate your average deposits and cash flow, reflecting your real earning power—not just your taxable income.
Step 2: Calculate Your Income
We analyze your deposits, excluding transfers and irregular inflows, to determine a consistent monthly income figure that lenders will use for qualification. Our process highlights your true income as a self-employed borrower.
Step 3: Get Pre-Approved for the Right Loan
Once we calculate your qualifying income, we match you with the right bank statement mortgage program for your goals, helping you secure preapproval for your ideal home loan—without the hassle of tax returns or W-2s.
Want to learn more about Self-Employed Loans?
Talk to Michael today!
FAQs: How Bank Statement Loans Work for Self-Employed Borrowers
What’s the difference between providing 12 months vs. 24 months of bank statements?
Both options can help you qualify for a bank statement mortgage, but providing 24 months of bank statements usually gives lenders more confidence in your income stability—and that can help you secure better rates or terms. With 12 months of statements, qualification is still possible, but lenders charge slightly higher rates or require stronger compensating factors (like a bigger down payment or higher credit score) due to the shorter income period.
Your LendFriend mortgage expert can help you decide what’s best for your situation to get you the most competitive loan.
Can I combine bank statement income with other income sources?
Yes! Many lenders will let you combine your bank statement income with other documented income sources, like rental income, Social Security, or part-time W-2 earnings. This can help you qualify for a larger loan or meet certain lender requirements.
Will my business expenses on bank statements affect my qualifying income?
Typically, lenders focus on your gross deposits rather than your business expenses. However, they may ask clarifying questions if they notice unusual patterns. Your LendFriend loan expert will help you present your income clearly.
What happens if my bank statement income varies from month to month?
That’s normal for self-employed borrowers! Lenders average your deposits over 12–24 months to smooth out fluctuations. The goal is to reflect a consistent, realistic monthly income.
Can I qualify for a bank statement mortgage if I have multiple businesses or income streams?
Yes! Bank statement loans are designed to accommodate multiple income sources. Whether you have several businesses, side gigs, or freelance work, we can help structure your application to reflect your full earning power.
WHY CHOOSE LENDFRIEND?
At LendFriend Mortgage, we’re more than just a lender — we’re your trusted mortgage broker, dedicated to securing you the right mortgage rate for you with no hidden fees. Our user-friendly technology and transparent process make it easy to compare mortgage options, get pre-approved, and close quickly.
Around the Clock
We’re here 7 days a week, 365 days a year to help you compare mortgage rates, get pre-approved, and move forward with confidence to buy or refinance your home on your timeline.
Specialized Non-QM & Bank Statement Loan Options
Designed for high net worth individuals, self-employed borrowers, entrepreneurs, and freelancers who need flexible solutions that fit their real income—not just what’s on tax returns.
Get Pre-Approved Quickly
Apply online to secure a pre-approval that strengthens your offer and moves you one step closer to your new home.
Flexible Documentation Requirements
LendFriend makes qualifying easier by focusing on your cash flow, bank statements, and business deposits—not tax returns or W-2s.
Personalized Mortgage Guidance
You’ll work closely with a dedicated mortgage expert who helps you compare loan programs, understand mortgage terms, and navigate the financing process with clarity and confidence.
Close in 3 Weeks
Our process is built for speed. Most clients close their home loan in just 3 weeks.
5-Star Google Reviews From Entrepreneurs and Self-Employed Borrowers
5/5 Star Reviews on Google, Zillow, and Experience.
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LendFriend is the only place to go for mortgage brokerage services. Their unparalleled technical knowledge, relationships with a wide array of lenders, and outstanding service make them the absolute best place to secure your next mortgage.
Robert Daake
Closed March 2025 -
I am so grateful for Micheal and his team. As a first time homebuyer with multiple businesses, I was very nervous about the loan process. Anyone who’s self employed knows loan processes for us are more extensive but LendFriend made it an ease. From getting a great rate to closing, they made clear communication and were extremely helpful .... They are truly amazing people to have on your team. Thank you Micheal, Morgan and Crystal.
Annie Momin
Closed September 2024 -
Can’t imagine going through the home buying process without the team at LendFriend. Their communication through every part of this was above and beyond. Always checking in to make sure that any document or info coming my way was understood (it’s a lot to take in as a FTHB). Also appreciate that Eric was also able to follow the market and get me a lower rate closer to close since we weren’t locked in at the start of our process. Overall you’ll have a great experience no matter who your point of contact is there. Highly recommend and will definitely be coming back to them for any future needs!
Nick Brito
Closed May 2024 -
I had a great experience working with Eric and his team @ LendFriend. As a CEO/business owner my personal finances can be complex. Eric was able to bring me a tailored solution that met my needs without making the process unnecessarily clunky or painful. I highly recommend Eric and his team if you’re looking for alternative solutions with great rates.
Andrew Didier
Closed August 2024 -
Eric and his team are great! They helped me get the best rate and were incredibly proactive on getting me the best deal as the market was changing. I will definitely work with him again and highly recommend anyone else that has questions about real estate to give him a call and he will do his best to understand and provide you the best outcome
Blake
Closed May 2024
WHAT TO EXPECT WITH OUR PROCESS.
Get ready for a loan experience unlike any you’ve ever had. A friendly, responsive representative will help guide you throughout the entire process; from application to funding to anything you’ll ever need beyond. A different way to mortgage by a different kind of mortgage company.
Step 1: Application
Complete our easy online application.
Step 2: Disclosure
Review and e-Sign our disclosure forms.
Step 3: Initial Documentation
Submit your documents.
Step 4: Conditional Approval
Receive your loan approval from underwriting.
Step 5: Loan Closing!
A notary comes to your house for closing.