What is a bank statement loan? A bank statement loan is an alternative to traditional mortgage products. These loans make it possible to gauge a buyer's ability to repay a loan based on their bank statements and banking history in place of income that's reported on W-2's, pay stubs or tax returns.

Bank statement loans are a type of loan that allows you to get a mortgage without the documents that most loans need to prove your income. They are also known as "self-employed mortgages" or "alternative documentation loans."

Bank statement loans can be used if you work for yourself or own a business. They can also be used if you do not have a steady income or have more than one employer who can prove your salary.

Learn more about bank statement home loans and how they work.