Your tax return lies. Your bank tells the truth.
Jumbo financing for self-employed business owners, qualified on 12–24 months of bank statements — not your write-off-crushed tax returns. Finally, a lender that reads your real income.
✨ Takes 2 minutes · No credit impact
You're successful. Your tax return doesn't show it.
Every write-off your CPA fought for is now a reason lenders say no. It's maddening — but there's a better way.
"Your income is too low."
You gross $600K. After deductions, your Schedule C shows $140K. Big-bank underwriters stop reading there.
"We need two more years."
K-1s, P&Ls, CPA letters, entity returns — and after 90 days of back-and-forth, you're still nowhere.
"The loan's too big."
Over the conforming limit? Suddenly you're a "complex file" — even though you could buy the house in cash over a few years.
Qualify using the income you actually earn.
Bank statement loans are a legitimate, established jumbo product used by thousands of business owners every year. Here's how it works:
Send 12 or 24 months of bank statements
Business or personal. We total your deposits to establish real cash flow.
We apply an expense factor
No tax returns needed. No CPA chasing. Your gross deposits become your qualifying income.
Get approved for the jumbo you deserve
Loans up to $3M+, competitive rates, and closings typically in 21–30 days.
*Illustrative only. Your scenario will vary based on credit, DTI, and down payment.
From "maybe" to "approved" in four simple steps.
No paperwork marathons. No guessing games. Just a clear path to closing.
Quick Chat
We talk for 15 minutes about your business, your goals, and the home you're eyeing. No commitment.
Upload Statements
12 or 24 months of bank statements. That's it — no tax returns, no K-1s, no P&Ls.
Get Pre-Approved
Usually within 48 hours. You'll know exactly what you qualify for — and your rate.
Close & Celebrate
Typical jumbo closings in 21–30 days. We do the heavy lifting. You hold the keys. 🎉
15 minutes, zero pressure, actual answers.
30 years of saying yes to the people banks say no to.
I'm Larry Steinway, Regional VP at New American Funding. For three decades, I've specialized in financing the entrepreneurs, consultants, and business owners that big banks can't figure out.
I read bank statements fluently. I know which underwriters approve self-employed jumbo files. And I'll tell you up front whether we can get the deal done — no surprises, no games.
How bank statement loans actually work.
A plain-English 2-minute walkthrough from Larry himself.
How Bank Statement Jumbo Loans Work
Larry Steinway · New American Funding
What could your monthly payment look like?
Play with the numbers. No email required. No credit impact.
Business owners who finally got a "yes."
"Two banks turned me down for a $1.4M purchase in Highland Park because my S-Corp tax return looked 'thin.' Larry used 24 months of business statements and we closed in 27 days. Finally, someone who understood."
"As a real estate investor, my returns are a mess of depreciation and schedules. Larry qualified me on bank statements for a $2.1M jumbo in Lake Forest. The whole process felt like working with a partner, not filling out a form."
"I own three restaurants. My accountant makes the tax return look as small as legally possible. Larry was the first lender who didn't try to force a square peg into a round hole. Closed on our Winnetka home in 22 days."
Things self-employed buyers ask us.
Do I really not need tax returns?
Correct — for our bank statement jumbo program, we do not collect or review personal or business tax returns, K-1s, or P&Ls for income qualification. We qualify you on 12 or 24 months of business or personal bank statements. You'll still need the usual asset, credit, and ID documentation, but the income side is dramatically simpler.
What's the max loan amount I can get?
We regularly close bank statement jumbo loans up to $3M, with programs available higher on a case-by-case basis. Your actual maximum depends on your average monthly deposits, down payment, credit score, and the property's location and type. Most of our self-employed clients qualify for 2–4x more than they could on tax-return-based programs.
Are the rates competitive vs. conventional jumbo?
Bank statement jumbo rates run slightly higher than agency jumbo rates — but typically only by a fraction of a point for strong borrowers. For most self-employed buyers, the rate difference is vastly outweighed by the fact that they can actually qualify for the loan amount they need. I'll show you both options side-by-side if you qualify for both.
How much down payment do I need?
For bank statement jumbo loans, we typically need 10–20% down depending on loan size, credit score, and occupancy. Primary residence purchases can go as low as 10% with strong credit. Second homes and investment properties require more. We'll tell you your exact minimum on our first call.
Will checking my eligibility hurt my credit?
No. The initial inquiry is a soft pull that has zero impact on your credit score. We only do a hard pull once you've decided to move forward with a formal pre-approval, and that happens with your explicit permission.
How long does closing actually take?
Our average bank statement jumbo closing is 21–30 days from accepted offer to keys in hand. Because we're using bank statements instead of tax returns, underwriting is often faster than conventional jumbo — not slower. I'll give you a realistic timeline on our first call based on your specific file.
See what your bank statements can actually qualify you for.
Most self-employed buyers are shocked by how much more home they can afford when we read the right numbers. Two minutes to find out.
2 minutes · No credit impact · No obligation
