How many months of bank statements do you need?

We usually need 12 or 24 months of your personal or business bank statements. This helps us get a clear picture of your income.

Can I use both personal and business bank statements?

Yes, you can. We can use either personal bank statements, business bank statements, or a combination of both, depending on how you receive and manage your income.

What if my bank statements show some large, unusual deposits?

We will review all deposits. We focus on consistent, regular income deposits. Large, one-time deposits might need clarification but won't typically be counted as regular income.

Are these loans only for primary residences?

No, bank statement loans can be used for primary residences, second homes, and even investment properties. Talk to Keith Goeringer about your specific needs.

What kind of credit score do I need for a bank statement loan?

You generally need a good credit score, usually 680 or higher. This helps show you are a reliable borrower, even without traditional income verification.

Ask Keith Book a Call

Home/Loan Programs/Bank Statement Loans

← All Loan Programs

Nashville Self-Employed? Bank Statements Can Buy Your Home.

This loan is perfect for Nashville business owners, freelancers, and 1099 contractors. It helps you buy a home even if your tax returns show less income than you actually make.

See if You Qualify

Let Keith Goeringer help you explore your options today.

Who Qualifies

✓You are self-employed, a business owner, or a 1099 contractor.
✓You have at least 12 months of consistent income shown in your bank accounts.
✓Your tax returns show many write-offs, reducing your reported income.
✓You have a good credit history.
✓You can make a larger down payment, typically 10% or more.
✓You want to buy a home in Nashville or Middle Tennessee.

How It Works

1Instead of tax returns, we use 12 or 24 months of your personal or business bank statements.
2We calculate your qualifying income based on the deposits in those statements.
3We help you find the right loan amount and terms based on your income and credit.
4You make a larger down payment than a typical conventional loan.
5You close on your new home in Nashville or Middle Tennessee.

What This Means in Nashville and Middle Tennessee

Nashville is a hub for entrepreneurs and creative professionals. We see many business owners in areas like East Nashville, The Gulch, and Franklin who are doing great, but their tax returns don't always reflect their true income. This is because they're smart about using write-offs to reduce their taxable income. That's a good business strategy, but it can make getting a traditional mortgage tough. This is where a bank statement loan shines for our local market. It allows you to use your actual cash flow, as shown in your bank accounts, to qualify for a home loan. So if you're a successful musician, a small business owner in Murfreesboro, or a freelance developer in Spring Hill, and your tax returns are holding you back, this program is designed for you. Keith Goeringer understands the unique financial situations of Nashville's self-employed. We see many clients in zip codes like 37206, 37212, and 37064 who are perfect candidates for this. They have thriving businesses, but their tax returns might show a modest income after deductions. We help them get into homes they deserve, whether it's a historic home in Germantown or a new build in Nolensville.

How It Compares

Feature	Bank Statement Loans	Conventional Loan
Down Payment	Typically 10% to 20% or more.	Often as low as 3% to 5%.
Credit Score	Good to excellent credit usually required.	Can be more flexible with lower scores.
Mortgage Insurance	May be required, can sometimes be avoided with a larger down payment.	Required for down payments less than 20%.
Best For	Self-employed, business owners with high write-offs.	W-2 employees with consistent, verifiable income.