Bank Statement Loans for Self-Employed Borrowers in Las Vegas

Las Vegas runs on entrepreneurs: gig workers, contractors, hospitality pros, realtors and small business owners. If your tax returns show less income than you actually earn because of write-offs, a bank statement loan may help you qualify.

Who it's for

  • Self-employed borrowers and business owners
  • 1099 contractors and gig workers
  • Commissioned and tipped professionals whose income is hard to document
  • Buyers in Las Vegas, Henderson, North Las Vegas, Summerlin, Arizona and Florida

How it works

Instead of tax returns, the lender reviews 12 or 24 months of personal or business bank statements to calculate your qualifying income. For business accounts, lenders apply an expense factor or use a CPA-prepared profit-and-loss statement. These are non-QM loans, so they are underwritten differently from conventional loans and pricing is typically higher.

Basic requirements

These vary by lender:

  • Usually around two years of self-employment history, verified by a business license, CPA letter or similar
  • Consistent deposits. Large or unusual deposits may need an explanation.
  • Credit score minimums and down payment requirements set by each lender, generally more than for conventional loans
  • Cash reserves
  • Available for primary homes, second homes and, with many lenders, investment property

The Las Vegas angle

Many Las Vegas earners are paid in tips, commissions or 1099 income that doesn't fit a standard loan. Edward has worked with self-employed borrowers for years and, through NEXA Mortgage, can compare bank statement programs across multiple lenders to find the best fit.

Tip: keep business and personal deposits in separate accounts for at least a year before applying. It makes qualifying much simpler.

Talk to Edward

Ready to see what you qualify for? Apply Now or call/text Edward directly at 702-354-6071.

Edward Anderson, NMLS #811672 | NEXA Mortgage, LLC, NMLS #1660690 | Equal Housing Opportunity. Not a commitment to lend; all loans subject to credit approval.