Charleston, SC · NMLS #1823590
Bank Statement Loans in Charleston, SC
Self-employed in Charleston? Qualify for a mortgage using your bank statements — not your tax returns. Your real income deserves real financing.
How Bank Statement Loans Work
If you're self-employed, your tax returns often show less income than you actually earn — because you're maximizing deductions. That's smart tax planning, but it can make qualifying for a traditional mortgage difficult.
A bank statement loan solves this by using 12 or 24 months of your personal or business bank statements to calculate your qualifying income. We look at your actual cash flow, not what's on your 1040.
This is one of the most popular Non-QM programs for Charleston's growing community of entrepreneurs, business owners, and self-employed professionals.
What You'll Need
- 12 or 24 months of bank statements
- Personal or business account statements
- Minimum credit score (program dependent)
- Down payment (typically 10–20%)
- Property appraisal
- No tax returns required
- No W-2s required
Who Qualifies for a Bank Statement Loan?
Business Owners
Sole proprietors, LLC owners, S-corp shareholders, and other business owners who take distributions or show reduced personal income.
Freelancers & Contractors
1099 workers, consultants, and independent contractors with variable income that doesn't fit traditional lending guidelines.
Professionals with Deductions
Doctors, attorneys, real estate agents, and other professionals who maximize business deductions and show lower taxable income.
Your Income Is Real. Your Mortgage Should Be Too.
Talk to a bank statement loan specialist at Leeward Point Mortgage in Charleston.