Self-Employed & Bank Statement Loans in Connecticut
If you're self-employed, your tax returns rarely tell the whole story — and traditional lenders punish you for the write-offs that are perfectly legal. Bank statement loans qualify you on the income you actually deposit, not your adjusted gross. At AFC Mortgage Group, we help Connecticut business owners, freelancers, and 1099 earners get the mortgage their cash flow says they deserve.
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What Is a Bank Statement Loan?
A bank statement loan is a type of non-QM mortgage built for self-employed borrowers. Instead of W-2s and tax returns, we qualify you using 12 to 24 months of personal or business bank statements — looking at your actual deposits to determine income. That means the write-offs that lower your taxable income don't sink your mortgage application.
It's not a workaround — it's a legitimate program designed for how business owners really earn. At AFC, we know how to read self-employed income, document it cleanly, and present it the way underwriters need to see it, so your application gets the credit it deserves.
Who Are Bank Statement Loans Right For?
Business Owners
Run an LLC, S-corp, or sole proprietorship? We qualify you on deposits, not your tax return's bottom line.
1099 Contractors
Independent contractors and gig earners with steady deposits can qualify without W-2s.
Freelancers & Consultants
Variable income is fine — we average your deposits over 12 to 24 months.
Real Estate Investors
Self-employed with rental income? We have options that fit your full financial picture.
Commission Earners
Heavy write-offs or fluctuating commissions won't disqualify you here.
Recently Self-Employed
Some programs work with as little as one to two years of self-employment history.
How Bank Statement Loans Work at AFC
Start with a quick conversation — about two minutes, no SSN required. Tell us how you earn, and a real Home Finance Advisor will pull together the right documentation: typically 12 to 24 months of bank statements, plus a few details about your business.
We calculate your qualifying income from your actual deposits and structure the loan to fit. Everything is handled in-house, so there's no call center trying to force a self-employed borrower into a W-2 box — just a team that understands how entrepreneurs really get paid.
Key Benefits of a Bank Statement Loan
Qualify on Deposits
We use 12–24 months of bank statements, not your tax returns, to determine income.
Write-Offs Don't Hurt You
The deductions that lower your taxable income won't sink your application.
No Tax Returns Required
Skip the W-2s and 1040s — your bank activity tells the story.
Flexible Documentation
Personal or business statements, depending on what represents your income best.
Competitive Terms
Bank statement loans come with real, market-based pricing — not predatory rates.
In-House Expertise
A team that actually knows how to underwrite self-employed income.
Frequently Asked Questions
How many months of bank statements do I need?
Typically 12 to 24 months of personal or business bank statements. More history can strengthen your application, and we'll tell you exactly which months and accounts to provide.
Will my business write-offs hurt my approval?
No — that's the whole point. Bank statement loans qualify you on your actual deposits, so the deductions that lower your taxable income don't reduce your qualifying income.
What credit score do I need?
Bank statement and non-QM loans are flexible on credit, though stronger scores mean better terms. We'll review your situation and tell you where you stand.
How much down payment is required?
It depends on the program and your profile, but bank statement loans often require 10–20% down. We'll match you to the option that fits your goals.
Is a bank statement loan more expensive than conventional?
Rates can be slightly higher than conventional because of the alternative documentation, but they're market-based and fair. For many self-employed borrowers it's the difference between qualifying and not — and we'll always compare your options honestly.
See What You Qualify For
Start in about 2 minutes — no SSN, no hard credit pull, no tax returns to dig up yet. A real person from our team follows up with your bank-statement options.