{"id":15260,"date":"2025-05-28T12:52:05","date_gmt":"2025-05-28T17:52:05","guid":{"rendered":"https:\/\/www.morty.com\/resources\/?p=15260"},"modified":"2025-05-28T21:04:49","modified_gmt":"2025-05-29T02:04:49","slug":"top-bank-statement-loans-lenders-for-brokers","status":"publish","type":"post","link":"https:\/\/www.morty.com\/resources\/loan-officers\/lender-access\/top-bank-statement-loans-lenders-for-brokers","title":{"rendered":"Top Bank Statement Loan Lenders for Brokers"},"content":{"rendered":"\n

Bank statement loans are a cornerstone of non-QM lending\u2014especially for borrowers who don\u2019t qualify under traditional income documentation rules. Through Morty, loan officers and brokerages can access top-tier bank statement programs from a wide variety of wholesale lenders.<\/p>\n\n\n\n

For an overview of non-QM loans, check out our Non-QM Mortgage guide<\/a>, and read our detailed Bank Statement Loan explainer<\/a> for borrower-specific insights. You can also explore our DSCR statement lenders<\/a> and top asset depletion lenders<\/a> for other non-QM options.<\/p>\n\n\n\n

Real-World Use Cases for Bank Statement Loans<\/h2>\n\n\n\n

These loans are most commonly used for borrowers who earn well but don\u2019t receive traditional W-2 paychecks. Below are some real scenarios that illustrate how LOs are using them today:<\/p>\n\n\n\n

The business owner with strong cash flow but no pay stubs<\/strong>
A self-employed borrower brings in over $250K\/year in business revenue, but their tax returns don\u2019t reflect that income due to write-offs. A bank statement loan using 12 months of deposits gives them the purchasing power they actually have.<\/p>\n\n\n\n

The 1099 contractor with fluctuating income<\/strong>
An experienced freelancer has great annual income, but month to month, their revenue varies. Traditional underwriting struggles with this variability. A bank statement program based on averaged deposits offers a simpler path forward.<\/p>\n\n\n\n

Top Lenders Offering Bank Statement Loans Through Morty<\/h2>\n\n\n\n
Lender<\/strong><\/th>Website<\/strong><\/th>Highlights<\/strong><\/th><\/tr>
Carrington<\/strong><\/td>carringtonwholesale.com<\/a><\/td>Also offers DSCR, asset depletion, and 1099 programs.<\/td><\/tr>
JMAC<\/strong><\/td>jmaclenxxding.com<\/a><\/td>Wide non-QM product menu, including asset utilization and P&L options.<\/td><\/tr>
Loan Store<\/strong><\/td>theloanstore.com<\/a><\/td>Offers fix & flip, bridge, and reverse mortgage programs.<\/td><\/tr>
Angel Oak<\/strong><\/td>angeloakms.com<\/a><\/td>Full suite of non-QM options including foreign national loans.<\/td><\/tr>
NewFi<\/strong><\/td>newfiwholesale.com<\/a><\/td>Known for flexibility and graduated payment programs.<\/td><\/tr>
Orion<\/strong><\/td>orionlending.com<\/a><\/td>Full range of non-QM including ITIN and P&L support.<\/td><\/tr>
Champion Funding<\/strong><\/td>championwholesale.com<\/a><\/td>Strong foreign national and no-ratio options.<\/td><\/tr>
Ardri<\/strong><\/td>ardri.ai<\/a><\/td>Offers bridge, no-ratio, and HELOCs via bank statements.<\/td><\/tr>
BluePoint<\/strong><\/td>bluepointmtg.com<\/a><\/td>Simple guidelines and wide product access.<\/td><\/tr>
PRMG<\/strong><\/td>prmg.net<\/a><\/td>Offers 12- and 24-month bank statement programs with flexible overlays.<\/td><\/tr>
Plaza Home<\/strong><\/td>plazahomemortgage.com<\/a><\/td>Recently added reverse mortgage access through Morty.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Underwriting Guidelines and Submission Tips<\/h2>\n\n\n\n

Lenders look at monthly deposits to calculate income. Most require 12 or 24 months of personal or business bank statements. For business accounts, an expense factor\u2014often 50%\u2014is applied to estimate net income. This accounts for business operating costs.<\/p>\n\n\n\n

For example, if a borrower deposits $20,000\/month into their business account, the lender may apply a 50% expense factor, resulting in $10,000\/month of usable income.<\/p>\n\n\n\n

Some lenders may ask for a CPA letter, P&L statement, or business license to confirm business legitimacy and cash flow consistency. Strong reserves, a solid credit profile, and clean bank activity (no frequent overdrafts) are also positive indicators.<\/p>\n\n\n\n

FAQ<\/h2>\n\n\n\n

How long does it take to close a bank statement loan?<\/strong>
With Morty’s processing support and lender network, we\u2019ve seen bank statement loans close in under 2 weeks.<\/p>\n\n\n\n

Can a self-employed borrower use business statements?<\/strong>
Yes, though lenders will often apply an expense factor. Personal accounts typically allow for a 100% income credit.<\/p>\n\n\n\n

Is this available nationwide?<\/strong>
Most of our bank statement lenders support loans in all 50 states. Eligibility depends on the lender and borrower profile.<\/p>\n\n\n\n

Which lender is best for my borrower?<\/strong>
Rosey helps you get answers fast<\/a> when it comes to which lenders work best for your borrower\u2019s profile and scenario.<\/p>\n\n\n\n

Why Work with a Broker?<\/h2>\n\n\n\n

Most retail lenders don\u2019t offer bank statement programs. That\u2019s why independent mortgage brokers\u2014and platforms like Morty\u2014are essential for non-QM borrowers. Through wholesale channels, brokers can offer a wide selection of programs from lenders that specialize in alternative documentation loans.<\/p>\n\n\n\n

Morty Advantage: Faster Closes, Better Experience<\/h2>\n\n\n\n

At Morty, our platform streamlines non-QM from start to finish:<\/p>\n\n\n\n