Unlock Homeownership as a Business Owner: Bank Statement Loans for Self-Employed Borrowers
Being your own boss comes with freedom, but when it's time to buy a home, that freedom can turn into a financial headache. Traditional lenders often require W-2s and tax returns - documents that don't always reflect your real income when you’re self-employed.
At Union Home Mortgage, we offer a better solution for Wisconsin entrepreneurs: the Bank Statement Mortgage Program with delegated underwriting. Whether you’re based in Milwaukee, Oak Creek, Waukesha, or anywhere across the state, this program is designed to work for you - not against you.
✅ What Is a Bank Statement Loan?
A bank statement mortgage lets self-employed borrowers qualify for a home loan using 12 or 24 months of personal or business bank statements instead of tax returns. This means your actual cash flow can be used to demonstrate your ability to repay the loan.
This program is intended for borrowers actively running a business - not those earning passive income through rental properties or flipping homes.
🔎 Program Highlights
- Loan Amounts: Up to $3 million
- FICO Scores: As low as 660
- Loan-to-Value (LTV): Up to 90%
- Debt-to-Income (DTI): Max 50%
- Flexible Reserve Requirements: Based on loan size
- Seasoning: 4+ years since major credit events
- Delegated Underwriting: Faster approvals
- Available Loan Types: 30-Year Fixed or 7/6 SOFR ARM
Learn more about non-QM and bank statement loan advantages.
💼 Who Should Consider This Loan?
This program is perfect for:
- Self-employed professionals
- Freelancers and consultants
- Independent contractors
- Small business owners
- Gig workers with steady income
If you’re running a profitable business but write off a lot of expenses (and show little net income on paper), this loan could be the key to owning or investing in real estate.
Want to see if you qualify? Apply now with Adam Zeman.
📍 Local Expertise You Can Trust
Based in Milwaukee, my team and I serve all of Wisconsin, including Brookfield, Oak Creek, and Waukesha. We know the local markets and specialize in helping self-employed borrowers make the dream of homeownership a reality.
Looking for down payment help? Explore our UHM Grant Program.
🔗 More Resources
- Union Home Mortgage Official Site
- Fannie Mae Guidelines for Self-Employed
- Compare Mortgage Options - NerdWallet
- Bank Statement Program Details - Adam Z Mortgage Team
- Apply for a Self-Employed Loan
🏡 Ready to Qualify Without Tax Returns?
Don't let tax documents stand between you and your dream home. With our delegated underwriting process, we can evaluate your file faster and more efficiently - so you can close quicker and with less hassle.
📞 Call or Text: 414-975-2654
📩 Email: adam@uhm.com
🌐 Apply Online in Minutes
Adam Zeman
Mortgage Loan Originator, Union Home Mortgage
Serving Milwaukee, Oak Creek, and all of Wisconsin