Bank Statement Loans in Phoenix AZQualify Using Your Deposits — No Tax Returns Needed
Self-employed in Phoenix and tired of banks turning you down because your tax returns don't show enough income? A bank statement loan lets you qualify based on the deposits coming into your business, not the income on your tax return. That means you keep your write-offs and still get a real mortgage. I'll walk you through exactly how this works.
- 10+ Years Experience
- License NMLS# 1455718
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
When You Need Bank Statement Loans
You need a bank statement loan when your tax returns don't tell the full story of what you actually earn. Most self-employed business owners write off as much as they legally can, which keeps their tax bill down. But that same low number on the tax return makes banks say no to a regular mortgage. If you own a business, work as a 1099 contractor, run a real estate company, drive for a rideshare service, or earn most of your income through your own LLC, a bank statement loan was built for you. Lenders use 12 or 24 months of your deposits to figure out your real income. No W-2s. No two years of tax returns. Just the money flowing into your account.
Our Bank Statement Loans Process
Here's how we get you funded. Send me 12 to 24 months of your business or personal bank statements. I'll review the deposits and figure out your qualifying income — usually within a day. Then I'll send you a pre-approval letter and a rate quote. Once you're under contract on a home (or you tell me you want to refinance), we collect a few more items — credit pull, ID, the bank statements I asked for, and the purchase contract. The lender will verify your business is real with a CPA letter or business license. No tax returns at any step. Most bank statement loans close in 25 to 35 days. I tell you exactly where we are at every stage.
Bank Statement Loans Cost in Phoenix
Bank statement loan rates are usually a little higher than conventional because the lender takes on more risk by not seeing tax returns. But the gap has narrowed a lot. The bigger your down payment and the stronger your credit, the closer to conventional you'll be. I shop dozens of bank statement lenders to find the best fit for your numbers. You'll get every fee, every rate, and every term in writing up front. Nothing hidden. Many of my self-employed clients are surprised by how affordable the right bank statement loan actually is.
Why Choose Us
Self-employed mortgages are a big part of what I do. I've helped business owners, doctors, real estate investors, and 1099 contractors close on homes and refinances all over the Valley. Ten-plus years and 50-plus five-star reviews from people just like you. I shop the full bank statement loan market — banks only offer one option, usually a bad one. Same-day response to every call and text. And I never push you into a loan that doesn't make sense for your numbers.
Ready to Get Started?
Self-employed and ready to buy or refinance? Call or text Mark at (480) 690-9790 and we'll talk through your numbers today. Free quote, same business day.
Browse all of our specialty for self-employed and unique-income borrowers.
Reviewed by
Mark Fazio — Licensed Mortgage Loan Officer
NMLS #1455718 · Barrett Financial Group (NMLS #181106) · Phoenix, AZ
Mark Fazio is a licensed Phoenix mortgage broker with 10+ years of experience and over 1,000 home loans closed. He shops dozens of lenders to find the lowest rate on purchase, refinance, and specialty loans, and personally guides every client from the first call through closing.