Your Mortgage, Simplified — Fast Approvals. Smart Rates. Expert Guidance.
From Conventional, FHA & VA to Non-QM, HELOC and DSCR — BD Mortgage Group delivers the right loan for homebuyers, homeowners and investors across FL, GA, CA, TX, VA, NJ, and PA.
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Trusted by homebuyers across FL, GA, CA, TX, VA, NJ, and PA
What Homebuyers Say
“Seamless pre-approval and great rate. We closed ahead of schedule.”
— A. Martinez (CA)
“They explained FHA vs Conventional clearly and saved us money.”
— J. Patel (FL)
“As a veteran, the VA process was handled with care and speed.”
— D. Harris (VA)
Loan Programs
Choose a category and explore options tailored to your goals.
We Serve Homebuyers Across the U.S.
Licensed in Florida, Georgia, California, Texas, Virginia, New Jersey, and Pennsylvania.
Home Loan Basics — What to Know
How underwriting works, what documents you’ll need, and how to choose the right mortgage.
How Approvals Work
- Profile review: credit, income, assets, and debt-to-income (DTI).
- Property factors: appraisal, occupancy, loan-to-value (LTV).
- Rate & terms: product fit (fixed vs ARM), points, lock options.
- Clear to close: verification, disclosures, and closing documents.
Compare Mortgage Types
| Product | Best For | Down Payment | PMI |
|---|---|---|---|
| FHA | First-time or flexible credit | As low as 3.5% | Yes (MIP) |
| Conventional | Strong credit/income | As low as 3% | If < 20% down |
| VA | Eligible veterans | 0% down | No PMI |
| USDA | Eligible rural properties | 0% down | Yes (annual fee) |
| Jumbo | High-value homes | 5–20%+ | Varies |
Contact Us
Have questions? We’re here to help—real humans, fast replies.
- 9800 4th St. N. Ste 200, Saint Petersburg, FL 33702
- Equal Housing Lender • NMLS #1636013
- Mon–Fri: 9:00 AM – 6:00 PM
- Sat: 10:00 AM – 2:00 PM • Sun: By appointment
ATTENTION: Homebuyers
Bank Statement Loans: Tailored Mortgage Solutions for Self-Employed Homebuyers
Flexible Mortgage Solutions for Entrepreneurs and Freelancers
Bank Statement Loans: Tailored Mortgage Solutions for Self-Employed Homebuyers
Are you self-employed and aspiring to own a home? Traditional mortgage processes often pose challenges for entrepreneurs and freelancers due to stringent income verification requirements. However, bank statement loans offer a flexible alternative, enabling self-employed individuals to secure mortgages without relying on conventional income documentation.
Understanding Bank Statement Loans
Bank statement loans are designed for self-employed borrowers lacking traditional income proof like W-2s or pay stubs. Instead, lenders assess income based on personal or business bank statements over a period, typically 12 to 24 months. This method provides a more accurate representation of a self-employed individual's cash flow, facilitating mortgage qualification.
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Benefits for Self-Employed Borrowers
Flexible Income Verification:
Utilizes bank statements to reflect true earnings, accommodating various income streams.
Higher Loan Amounts:
Potential for larger loans based on actual cash flow rather than taxable income.
Customized Loan Terms: Offers tailored repayment schedules and interest rates to suit unique financial situations.
How Bank Statement Loans Work
Income Assessment: Lenders review 12 to 24 months of bank statements to calculate average monthly income.
Documentation: Proof of self-employment, such as a business license or client contracts, is required.
Credit Evaluation: A minimum credit score, often around 660, is typically necessary.
Down Payment: Down payments may range from 10% to 20%, depending on the lender and financial profile.
Eligibility Criteria
Self-Employment Tenure: Generally, a minimum of two years in the same industry is preferred.
Debt-to-Income Ratio: Lenders may accept ratios up to 50%, though lower ratios are favorable.
Asset Verification: Proof of sufficient assets to cover down payment and reserves is essential.
Application Process
Select a Specialized Lender: Choose lenders experienced with bank statement loans for self-employed individuals.
Prepare Documentation: Gather necessary bank statements and proof of self-employment.
Submit Application: Provide required documents and complete the lender's application process.
Underwriting: The lender evaluates financial health and repayment ability.
Approval and Closing: Upon approval, proceed with closing to finalize the mortgage.
Considerations
Interest Rates: Bank statement loans may have higher interest rates compared to traditional mortgages.
Fees: Be aware of potential fees associated with non-traditional loan products.
Lender Variability: Requirements and terms can vary significantly between lenders; thorough comparison is advised.
Conclusion
Bank statement loans present a viable pathway to homeownership for self-employed individuals, offering flexibility in income verification and accommodating the unique financial landscapes of entrepreneurs and freelancers. By understanding the process and preparing necessary documentation, self-employed borrowers can navigate the mortgage landscape more effectively and achieve their homeownership goals.
COMPLETE THE FORM BELOW TO SEE IF YOU QUALIFY!
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© 2025 BD Mortgage Group LLC. BD Mortgage Group is a licensed mortgage brokerage providing home loan solutions. Home lending products are offered through BD Mortgage Group LLC, NMLS ID #1636013 (https://nmlsconsumeraccess.org), a licensed mortgage brokerage operating in Florida (FL), Georgia (GA), California (CA), Texas (TX), Virginia (VA), Maryland (MD), Washington, D.C. (DC), New Jersey (NJ), and Pennsylvania (PA). BD Mortgage Group LLC is headquartered in St. Petersburg, Florida. Loan products and services are subject to state and federal regulations and may not be available in all states. BD Mortgage Group LLC is an Equal Housing Lender. Licensed by the N.J. Department of Banking and Insurance. BD Mortgage Group LLC partners with a network of real estate professionals to provide home financing solutions. We do not directly offer real estate, title insurance, or home inspection services. Our role is to facilitate mortgage solutions tailored to our clients' needs. Equal Housing Opportunity. linktr.ee/bdmortgagegroup. All rights reserved.