Self-Employed? You Deserve a Smarter Mortgage. Discover the Power of Bank Statement Loans
Being your own boss has incredible perks—flexibility, control, and the chance to build something big. But when it comes to getting a mortgage? Traditional lenders don’t always see your value. At The Burks Lending Group empowered by NEXA Mortgage, we believe entrepreneurs, 1099 earners, and business owners should have access to flexible, powerful home financing. That’s why our Bank Statement Loan Program is designed just for YOU.
What Is a Bank Statement Loan?
A Bank Statement Loan uses your bank deposits—rather than W-2s or tax returns to calculate income. This is perfect for:
Self-employed professionals
Business owners
1099 earners
Gig workers & freelancers
No complex paperwork. No penalizing you for write-offs. Just a smart, flexible path to homeownership.
Bank Statement Loan Highlights
Here’s why our program is one of the most powerful in the industry:
Income Flexibility
✅ Combine W2 AND bank statement income
✅ As low as a 10% expense ratio
✅ Add asset depletion income (60 months)
✅ Automated income analysis = fast answers!
Purchase & Refinance Power
✅ Up to 90% LTV with a 680+ FICO
✅ Interest-only options available
✅ Second lien options up to 90% CLTV
✅ Cash-out funds can count toward reserves
Credit-Friendly
✅ No tradeline requirements if primary borrower has all 3 scores
✅ Use the FICO of the higher income earner to qualify
✅ Minimum FICO as low as 620 (700+ for 90% LTV)
✅ Max DTI: 55%
Down Payment Help
✅ 100% gift funds allowed (reserves must be borrower’s own)
Property Types Eligible
Single-Family Homes
2-4 Unit Properties
Condos
Appraisals? We accept transferred appraisals and you can use any AMC of your choice.
How the Program Works
Choose Your Documentation
You can use 12 or 24 months of personal or business bank statements.Income Is Calculated Based on Deposits
We offer expense ratios as low as 10%—keeping your qualifying income higher.Layer In Other Income Sources
Add W2 income, asset depletion, or other forms of verified income to boost qualifying power.Get Pre-Approved Fast
With our FAST income analysis desk, we’ll calculate your usable income quickly and clearly.
Real Scenario: Make It Make Sense
Imagine this: You’re a self-employed consultant making $18,000/month gross—but showing only $30K net annually after write-offs. With a traditional loan, you’d be denied.
With our bank statement loan, we calculate your income based on deposits. At a 10% expense ratio, your usable monthly income could be $16,200/month—and you qualify with confidence.
First-Time Buyers? You’re Welcome Here.
Yes—First-Time Homebuyers (FTHB) are eligible!
We make it possible for new homeowners with strong bank deposits and solid credit to buy their first home, without the roadblocks of traditional documentation.
Why Borrowers Love This Program
No tax returns required
Low or no income documentation
Works for complex income streams
Flexibility to combine income types
Common-sense underwriting
Super competitive rates and pricing
Ready to Get Started?
At The Burks Lending Group, we make the mortgage process seamless for self-employed borrowers.
Whether you're buying your dream home, refinancing for a better rate, or pulling cash out for growth we’ve got you.
📩 Send us your bank statements today for a free income review!
📞 Call us at 615.364.5700
🌐 Visit us at theburkslendinggroup.com
Let’s turn your deposits into the home loan you deserve.