Thinking about a bank statement mortgage? Here is exactly what lenders look for in 2026 — and what you can do in advance so your file sails through underwriting.
The core requirements
Plan on 12-24 months of bank statements, a credit score around 620 or better, 10%+ down, about two years of self-employment history, and a few months of reserves. Stronger deposits and credit unlock better pricing at each step.
Proving you're self-employed
A business license, articles of incorporation, or a CPA letter confirming at least two years in business all work. One year can be enough if you have prior W-2 history in the same field.
Reserves: the overlooked requirement
Most programs want 3-12 months of full payments (PITI) in the bank after closing. Retirement and investment accounts often count at a discount, so you may be closer than you think.
What you will NOT need
No tax returns, no W-2s, no pay stubs for income. That's the entire point — your deposits document your income, so write-offs on your 1040 never enter the conversation.
See what you qualify for in 60 seconds — free and no credit check. Use the eligibility check at the top of this page.