Bank Statement Mortgage. 3.5% Down.
A bank statement mortgage at 3.5% down instead of 20%. Keep your cash in the business.
- Rate: a real number on the call, not a teaser.
- Pre-qual: soft credit pull only. No commitment.
How it stacks up
The lowest down payment alternative-income loan we know of.
| ConventionalConv. | FHA | Typical Bank StatementTypical | Our Bank Statement MortgageOurs | |
|---|---|---|---|---|
| Down payment | 3.5–5% | 3.5% | 15–20% | 3.5% |
| Self-employed friendly | Often no | Often no | Yes | Yes |
| Credit scores | From 620 | From 580 | Usually 660+ | From 640 |
| Time to close | 30–45 days | 30–45 days | 21–30 days | 21–30 days |
Been quoted 20% down?
That is the usual bank statement loan. Ours is the same kind of loan at 3.5% down. Here is what that means on a $500,000 home.
Who this is for
Bank statement loan shoppers
Same kind of loan, 3.5% down instead of 20%. Keep the cash in your business.
Self-employed and 1099
Sole prop, LLC, S-Corp, partnership or contractor. We work with how your business really earns.
Want to save money?
Put 3.5% down instead of 20% and keep about $82,500 on a $500K home.
3.5% down
The lowest down payment alternative-income loan we know of.
Credit from 640
Easier on past credit problems than most lenders.
Any business type
Sole prop, LLC, S-Corp or partnership. About two years in business is all it takes.
Close in 21 to 30 days
Once you are under contract, we move fast.
How it works
Tell us about your business
Twenty seconds. Soft credit pull only.
Real pre-qual in 24 hours
One loan officer. An honest yes or no.
Close in 21 to 30 days
Once you're under contract, we move fast.
Founded by Chris Harris — UCLA-trained electrical engineer, NASA veteran, inventor of a life-saving robotic medical device. Best Finance was built to bring engineering rigor to mortgage lending.
The Lesson
Self-employed buyers put 20% down because that is the only offer they get. It is not the only offer.
Frequently asked questions
What's the rate?
How is this different from the bank statement loans I have been quoted?
Is it hard to qualify?
Who is it for?
How fast can I close?
Get a real answer in 24 hours.
Other lenders don't understand self-employed income. We do.
NMLS# 2011725 · Best Finance · Equal Housing Opportunity. All loans subject to credit approval and underwriting. Rates, terms, and program availability subject to change without notice. Not a commitment to lend.