Bank statement loans provide Maine borrowers with an alternative qualification method that relies on deposit history rather than traditional income documentation.

Self-employed professionals, real estate investors, and gig workers use these programs to demonstrate cash flow through their banking records.

Mortgage companies evaluate the borrower's ability to repay by analyzing consistent deposits over a specified period, applying expense ratios to calculate qualifying income. Non-QM lenders accept both personal and business bank statements, accommodating various business structures and income patterns common among independent contractors and small business owners. The programs serve borrowers who cannot provide W-2s or tax returns but maintain strong deposit patterns.

theLender offers bank statement loans using either 12 or 24 months of personal or business bank statements for qualification.