Bank statement loans in Virginia provide self-employed borrowers and real estate investors with mortgage financing based on bank deposits rather than traditional income documentation.

These non-QM programs analyze cash flow patterns from personal or business bank statements to determine qualifying income, making them particularly valuable for borrowers with complex income structures, seasonal earnings, or write-offs that reduce taxable income.

Virginia borrowers can use bank statement loans for primary residences, second homes, and investment properties, with underwriters applying standardized expense ratios to gross deposits to calculate net qualifying income. The programs accommodate various business structures including sole proprietorships, partnerships, and corporations, while also serving 1099 contractors and gig economy workers.

theLender offers bank statement loan programs that accept either 12 or 24 months of personal or business bank statements for income verification.