10% Down Bank Statement Loans for Self-Employed Borrowers
Buy a home with just 10% down using a bank statement loan in Virginia, Maryland & DC.
Frequently Asked Questions
Can I really buy a house with 10% down as a self-employed borrower?
Yes. Bank statement loan programs allow self-employed borrowers to put as little as 10% down when they qualify using 12–24 months of bank deposits instead of tax returns.
What credit score do I need for a 10% down bank statement loan?
Most lenders require a minimum credit score of 620. A higher score may unlock a lower interest rate or allow you to qualify with a smaller down payment.
Can I use business bank statements to qualify?
Yes. Lenders accept both personal and business bank statements. For business accounts, they typically apply a 50% expense ratio to account for business costs.
Is 10% down better than 20% down on a bank statement loan?
It depends on your goals. 10% down frees up cash for other uses but results in a higher monthly payment and potentially a higher rate. 20% down lowers your payment but ties up more capital. Your loan officer can help you decide.
Related Programs
- FHA Loans — 3.5% down payment, credit scores from 580, ideal for first-time home buyers
- VA Loans — Zero down payment for veterans, active-duty military, and surviving spouses
- Conventional Loans — Fannie Mae and Freddie Mac, financing up to 97%, credit from 620
- Jumbo Loans — For properties exceeding 2026 conforming loan limits ($832,750 most counties)
- Non-QM Loans — Bank statement loans for self-employed, 1099 income, DSCR, and ITIN loans