Bank Statement vs. ITIN Loans
Both are for people who do not fit the standard W-2 box. They solve different problems.
Bank Statement
ITIN
Best for
Self-employed borrowers whose deposits tell the story better than tax returns
Borrowers who file with an ITIN instead of a Social Security number
Down payment
10%
3.5%
Credit
FICO from 640
Built around the credit file you have
Documentation
12 to 24 months of bank deposits, or a CPA-prepared P&L
ITIN-based file, with co-signer options
Loan size and term
Up to $3.5M
Terms up to 40 years
Watch out for
Messy or mixed personal and business accounts
A longer term means lower payments but more total interest over time
Our take: They answer different questions: how do I prove my income, and how do I qualify without an SSN. Some borrowers need to ask both, so tell me your situation.
See what I qualify for Self-employed, ITIN & foreign national
