Bank Statement Loans for Self-Employed in Boston Metro
No tax returns. No W-2s. Just 12 or 24 months of bank statements. Perfect for Boston's entrepreneurs, consultants, and business owners.
Joe Pisa
Founder & Senior Loan Officer
NMLS #139369
"If Rocket, Chase, or your local credit union just crushed your dreams because of your credit score, self-employed income, or because you want to count your Airbnb income — you're in the right place."
Hey, Boston is full of entrepreneurs, consultants, and small business owners who make great money but can't prove it on a tax return. You're running a successful business, you're reinvesting profits, you're writing off everything you legally can — and then the bank says you don't make enough money to buy a $800k condo in Cambridge. That's insane. We don't use tax returns. We use your actual bank deposits. 12 or 24 months of personal or business statements, and we calculate your real income. We also cover Southern New Hampshire — Manchester, Nashua, Rockingham County — where a lot of Boston professionals are buying.
Why We Close What Banks Deny
- 12 or 24 month bank statement programs
- Personal OR business bank statements accepted
- 50-90% of deposits counted as income (varies by business type)
- Loan amounts up to $3 million — perfect for Boston prices
- Credit scores down to 620
- Condos, single-family, and multi-family all eligible
Recent Closings in Boston Metro & Southern NH
These are real deals we closed. Banks denied them. We didn't.
Tech consultant — 24 months personal statements, condo purchase
Restaurant owner — business statements, 50% expense ratio
Contractor — 12 months statements, relocated from Boston
Bank Statement Loans Questions for Boston Metro & Southern NH
Real questions we get daily — with straight answers
Do you accept bank statements instead of tax returns in Massachusetts?
Yes. 12 or 24 months of personal or business deposits. We calculate your income from actual deposits, not what you reported to the IRS.
What expense ratio do you use for consultants?
Service businesses like consulting typically get 50% expense ratio. That means if you deposit $20k/month, we count $10k as income.
Can I buy a condo in Boston with a bank statement loan?
Yes. We finance condos throughout Boston, Cambridge, Somerville, Brookline — anywhere. Condo association needs to meet basic requirements.
What's the minimum credit score for bank statement loans in Boston?
Most programs start at 620. With a larger down payment (25%+), we can sometimes go lower.
Do you cover Southern New Hampshire?
Yes. Manchester, Nashua, Rockingham County, Hillsborough County — we close there regularly. Many Boston professionals are buying in NH for the tax benefits.
Can I do a cash-out refinance with bank statements?
Absolutely. Cash-out up to 80% LTV on primary residence. Great for pulling equity to invest or pay off business debt.
NorthStar Funding is a licensed mortgage broker. NMLS #139369. Equal Housing Lender. All loans subject to credit approval. Rates and terms subject to change without notice.