Refinance on the deposits your business actually makes.
If write-offs make your tax returns look thin, a bank-statement refinance lets you qualify on 12 to 24 months of deposits instead — a truer read of what your business brings in. Lower your rate or pull cash out without handing over tax returns. It's the refinance side of our bank-statement purchase loans, in English or Spanish.
Who this is for
- Business owners whose write-offs shrink their taxable income
- 1099 earners and contractors with steady deposits
- Self-employed owners a bank turned away for thin tax returns
- Landlords or owners who want cash out without showing returns
How it works
Pull your statements
Most programs use 12 or 24 months of personal or business bank statements. We tell you which to gather and what the lender looks for.
We average your deposits
The lender averages your deposits — sometimes with an expense factor — to set a qualifying income. We run those numbers with you before anything goes in.
Pick rate cut or cash out
Decide whether you're after a lower payment or pulling equity out. We shop the lenders that treat self-employed income most fairly for that goal.
Close on your terms
We handle the appraisal, underwriting, and signing, keeping you posted the whole way — no tax returns in the file.
No tax returns needed
Your deposits stand in for returns, so write-offs don't sink your refinance.
A truer income picture
Lenders see the cash your business actually moves, not the bottom line after deductions.
Rate cut or cash out
Use it to lower the payment or pull equity for your business or your next property.
We compare the field
As an independent broker we shop multiple bank-statement lenders, not one bank's program.
Today’s sample rates
Common questions
How is this different from the bank-statement purchase loan?
It's the same income method applied to a refinance. Our bank-statement purchase loan helps a self-employed buyer qualify to buy; this one refinances a home you already own — to lower the rate or pull cash out — using 12 to 24 months of deposits instead of tax returns.
Can I take cash out on a bank-statement refinance?
Yes. Many self-employed owners use it to pull equity for their business or a down payment on another property. The amount depends on your home's value and the program — usually leaving a cushion of equity in place. We'll show you the limit.
How is my income calculated?
Most business-statement programs average your deposits over 12 or 24 months, then apply an expense factor — often around 50% — for the cost of running the business. A CPA letter showing your real expenses can lower that factor and raise the income we can use. Personal statements are usually counted more directly.
Do I need more equity than a normal refinance?
Sometimes. Because these are specialized programs, lenders may ask you to keep a bit more equity in the home, especially on a cash-out. We'll give you the exact figure for the program that fits.
Will my credit still be checked?
Yes — your credit affects your rate and approval, though the income side rests on your deposits rather than tax returns. We review your full picture before we shop lenders.
How many months of statements should I provide?
Most programs use 12 or 24 months. More months can sometimes earn better terms. We'll tell you which option suits your business and which lender rewards it.
Is a bank statement refinance a non-QM loan?
Yes — it's the refinance side of one of the most common non-QM programs. Your income is documented through 12 to 24 months of bank deposits instead of tax returns, which is what places it outside the Fannie Mae and Freddie Mac rulebook. The underwriting is still thorough — credit, reserves, and equity all get reviewed.