Self-Employed Requirements
In most cases, bank statement loans require that you be self-employed for at least two years. To demonstrate this, you can share applicable business licenses or a letter from your tax preparer. Many lenders that offer these types of loans will review one to two years of consecutive bank statements to help determine your annual income. While each lender has its own requirements, most require at least a 620 credit score as well as a 10% to 20% down payment.