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Bank Statement Loans in Kansas

Updated: September 7, 2026

Kansas pairs home prices below the national average with a diverse economy spanning aviation, agriculture, healthcare, and professional services, which is part of why so many contractors, consultants, and independent operators build their businesses here. For self-employed buyers who haven’t been able to qualify through conventional lending, Griffin Funding’s bank statement loans in Kansas offer a straightforward alternative: qualify using 12 to 24 months of bank statements instead of tax returns, W-2s, or pay stubs.

  • Access home financing using bank statements
  • No tax returns or pay stubs required
  • Purchase, refinance, or cash-out options available
  • Enjoy high loan amounts and flexible terms
  • Competitive bank statement loan rates in Kansas
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Table of Contents

Why Bank Statement Loans Matter in Kansas’s Market

Kansas home prices sit well below the national average, giving the state one of the more accessible housing markets in the country. For self-employed borrowers, though, that affordability can still be hard to reach, because conventional loans are built around W-2 employees and penalize business owners and contractors who write off expenses on their tax returns.

Here’s why bank statement loans make sense for self-employed borrowers in Kansas:

  • Kansas has a deep self-employed and small-business base. The state is home to more than 273,400 small businesses, which represent 99.1% of all businesses in Kansas. Self-employed workers and contractors make up a meaningful share of the workforce, especially across aviation and manufacturing, agriculture, healthcare, professional services, construction, and the trades.
  • Write-offs make qualifying harder than it should be. The same deductions that keep a farmer, contractor, or small business owner healthy at tax time shrink the taxable income a conventional underwriter sees. IRS data puts net income at just 20-23% of business receipts. Griffin Funding counts 50% of those same deposits by default, giving the typical self-employed borrower close to 2x the buying power a tax return alone would show.
  • Lower prices mean a lower deposit threshold. With the average Kansas home value around $253,720, well below the national average, the monthly business deposits needed to qualify run lower here than in most of the country. For a self-employed borrower that is the difference that matters, since a bank statement loan sizes your loan off deposit volume rather than a salary.

Sources: Zillow home value data (July 2026); U.S. Small Business Administration Office of Advocacy, 2025 State Profile; IRS Statistics of Income (Nonfarm Sole Proprietorships, 2008-2015; SOI Bulletin, Spring 2025).

How Kansas Bank Statement Loans Work

Kansas business owners and contractors who write off expenses often show a taxable income far below what they actually earn. This tends to leave them underqualified on paper for conventional loans, even when their cash flow tells a different story.

Bank statement loans qualify you based on cash flow shown in bank statements, rather than traditional tax-return income.

Griffin Funding reviews 12 to 24 months of bank statements and calculates income from actual deposit history. The percentage of deposits that count toward your income depends on whether you use personal or business bank statements. Personal statements count 100% of deposits; business statements typically apply a 50% expense factor, which can go as low as 10% depending on your business type.

To qualify for a bank statement loan, you’ll need:

  • Credit score: 620 minimum
  • Self-employment history: 2 years minimum (or 1 year if you’ve stayed in the same industry)
  • Down payment: 10% with a 680+ credit score; 20% minimum with a 620-679 score
  • Bank statements: 12 or 24 months of personal or business statements showing consistent deposits
  • Property types: Single-family, multi-unit, short-term rentals, and long-term rentals all eligible
  • LLC ownership: Properties can be held in an LLC

Prior bankruptcy requires a two-year waiting period before applying.

View Bank Statement Loan Requirements

Today’s Bank Statement Mortgage Loan Rates in Kansas

As a national direct-to-consumer lender, Griffin Funding cuts out the broker markup and keeps non-QM (non-qualified mortgage) rates competitive. Your specific rate depends on your credit score, down payment, loan amount, and buydown points.

Kansas Housing Markets for Self-Employed Buyers

From the Wichita and Kansas City metros with the most economic activity to some of the most affordable cities in the country and high-livability college and suburban towns, Kansas has real options for self-employed buyers at every price point. Here’s where borrowers are buying across the state.

Major Metros

  • Wichita: Wichita earned the title Air Capital of the World in 1928, when 16 local manufacturers were building 120 planes each week, representing a quarter of all U.S.-built airplanes. That legacy continues today with Spirit AeroSystems, which, alone, employs more than 12,000 people, alongside Textron Aviation, Bombardier Learjet, and a 450-plus supplier network. The aviation industry here runs on outsourced machining, engineering, maintenance, and specialty parts work across that entire supplier base. Wichita needs the third-highest monthly business deposits in the table below, behind only Lawrence and Manhattan.
  • Topeka: The state capital, Topeka, is anchored by state government alongside Blue Cross Blue Shield of Kansas, Stormont-Vail Health, Wal-Mart, and Washburn University. Government agencies, hospitals, and universities all contract out IT, facilities, and administrative work regularly to support operations, which creates steady demand for a self-employed contractor in those industries. Topeka needs the fifth-lowest monthly business deposits in the table below, just under Wichita’s.
  • Kansas City: On the Kansas side in Wyandotte County, the University of Kansas Hospital and Medical Center employ nearly 11,000 people, alongside UPS, Amazon, General Motors’ Fairfax Assembly Plant, and BNSF Railway. Hospitals, logistics operations, and auto plants all contract out maintenance, trades, and specialty services, which is steady work for a self-employed contractor.

Affordable Markets

  • Hutchinson: A Wichita-area hub built on agriculture, technology, manufacturing, and retail, Hutchinson also hosts the Kansas State Fair, drawing more than 300,000 visitors each year. That seasonal traffic adds hospitality and food demand on top of a year-round industrial economy. Hutchinson needs the lowest monthly business deposits in the table below, making it the most reachable of these markets.
  • Salina: Salina sits at a highway and rail crossroads, so a trucking or logistics business here can reach clients across the region without relocating equipment or crews. Kansas State Polytechnic and an FAA research facility at the regional airport keep aviation and aerospace contract work flowing, and more than 650 farms in the county give food and beverage processors a steady stream of local supply contracts to bid on. Salina needs the second-lowest monthly business deposits in the table below.
  • Dodge City: Ford County holds two of the world’s largest beef processing plants, Cargill and National Beef, together employing more than 5,000 people. Its Old West history also draws steady tourism traffic, adding hospitality and retail on top of the processing plants. Dodge City needs the fourth-lowest monthly business deposits in the table below, and its two-plant base doesn’t depend on a single employer.

Lifestyle Markets

  • Lawrence: The University of Kansas is the city’s largest employer, and KU Innovation Park, a separate business incubator near campus, has added more than 824 private-sector jobs across 78 companies. Massachusetts Street runs through the center of an arts and dining scene that fills with festivals and concerts each summer. That mix supports a research-and-tech client base alongside walk-in hospitality demand. Lawrence needs the highest monthly business deposits in the table above.
  • Manhattan: Kansas State University and Fort Riley are Manhattan’s two largest employers, together accounting for more than 11,000 jobs, with Fort Riley’s own economic impact exceeding $2 billion in fiscal year 2025. A university and a military base both contract out facilities, IT, logistics, and specialty trades regularly. Manhattan needs the second-highest monthly business deposits in the table above, just under Lawrence’s.
  • Atchison: A Missouri River town anchored by Benedictine College, Atchison sits in a county where major employers sit in healthcare and education, while a business-friendly environment has drawn newer growth in agriculture-related businesses, wind energy, and technology. That mix gives contractors and service providers both stable institutional clients and an emerging industrial base to grow with. Atchison needs the third-lowest monthly business deposits in the table above.

How much needs to flow through your business account to buy in each of these markets? We ran the same formula Griffin Funding publishes for America’s 50 largest metros on Kansas’s markets. The table below shows the average single-family home value, the estimated monthly payment, and the monthly and 12-month business deposits needed to qualify with a bank statement loan. A lower expense factor may apply with a CPA letter, reducing the required deposits.

Bank Statement Buying Power in Kansas: Monthly Business Deposits Needed to Buy the Average Home

Metro Avg. Home Value Est. Monthly Payment (PITIA) Business Deposits Needed / Month 12-Month Deposit Total
Hutchinson $159,007 $1,046 $4,647 $55,762
Salina $183,547 $1,207 $5,364 $64,368
Atchison $190,637 $1,254 $5,571 $66,854
Dodge City $213,958 $1,407 $6,253 $75,032
Topeka $223,682 $1,471 $6,537 $78,442
Wichita $228,074 $1,500 $6,665 $79,982
Manhattan $273,950 $1,801 $8,006 $96,071
Lawrence $347,497 $2,285 $10,155 $121,863

*Estimates are hypothetical illustrations based on 12 months of business bank statements with a 50% expense factor (a lower expense factor may apply with a CPA letter), a 20% down payment (available on loan amounts up to $3 million), a 6.99% fixed interest rate (7.102% APR), 30-year amortization, Kansas’s average effective property tax rate of 1.21% as published on our property tax by state page, and homeowners insurance estimated at 0.30% of home value annually. Qualifying assumes a 45% debt-to-income ratio; DTI includes all monthly debt obligations such as auto loans, credit cards, and student loans, and these figures assume no monthly debt other than the mortgage payment. Actual property taxes vary by city and county in Kansas, and actual insurance and HOA dues vary by property. Home values are Zillow ZHVI averages for single-family homes by metro, data through June 2026. Kansas City, KS is not shown as a separate row because Zillow reports the Kansas City metro as a single area anchored on the Missouri side, rather than tracking the Kansas side separately. This is not a rate quote, an advertisement of currently available terms, a loan offer, a pre-qualification, or a guarantee of approval; actual rates, APRs, and qualifying requirements vary by borrower, property, and program. Try our Bank Statement Loan Calculator to run your own numbers.

Free Tools for Self-Employed Borrowers in Kansas

Run the numbers before you commit. These free tools give you an instant read on your buying power and the Kansas market.

Apply for a Bank Statement Home Loan in Kansas

Self-employed borrowers with non-traditional income still have options to purchase property in Kansas. With a bank statement home loan, you can qualify for up to $4.5 million in financing, no tax returns or pay stubs required. Down payments start at 10% for qualified borrowers.

Griffin Funding has helped self-employed borrowers, small business owners, freelancers, tradespeople, and independent contractors qualify for bank statement mortgage loans across Kansas. We lend throughout the entire state, from Wichita, Overland Park, and Kansas City to Lawrence, Manhattan, and Lenexa, and the value markets of Haysville, Leavenworth, and Derby.

Reach out today to learn more about how to qualify for a mortgage in Kansas if you’re self-employed. If you’re ready to get pre-approved and lock in your rate, get started online.

Frequently Asked Questions

Griffin Funding looks for healthy, stable accounts when reviewing Kansas bank statement loan applications: positive balances, few or no overdrafts, and consistent deposits that reflect ongoing business income. One-time transfers between accounts and unexplained cash deposits are excluded from the income calculation, since those don’t represent reliable earnings. You’ll also need to show adequate reserves remaining after closing.

Griffin Funding accepts both personal and business bank statements for Kansas bank statement loans. To calculate your qualifying income, eligible deposits are added up over 12 or 24 months and divided by the number of months. Personal statements count 100% of deposits toward income. Business statements apply a 50% expense factor by default, which can go as low as 10% depending on your business type and number of employees. Transfers and unexplained cash deposits are excluded before the calculation runs.

Griffin Funding requires the last 12 or 24 months of personal or business bank statements. You’ll also need to provide personal ID, proof of Kansas residency, a credit authorization, a completed loan application, business documentation, and a purchase agreement. See our full bank statement loan document checklist to help you prepare ahead of time.

Qualifying for a Kansas bank statement loan comes down to four main things: your down payment, your credit score, your self-employment history, and your bank statements. Griffin Funding accepts borrowers with a 620 minimum credit score and at least two years of self-employment. A loan officer will review your deposit history to determine your qualifying income and eligible loan amount.

Bank statement loans are primarily used to purchase a primary residence. Griffin Funding’s Kansas bank statement loans are available for a range of property types, including single-family homes, multi-family homes, townhomes, condos, manufactured homes, and rural properties. That flexibility fits everything from a primary residence in Wichita to a suburban home in Overland Park.

Griffin Funding typically closes Kansas bank statement loans in 30 days or less. Once closed, funds are usually disbursed the same day or the following business day, once the county register of deeds records the deed. To avoid delays, have your documents ready before you apply and stay responsive to lender requests. 

Yes. If you already own a home in Kansas, a bank statement cash-out refinance lets you tap existing equity without tax returns, so you can put those funds toward your next purchase or improvement. Cash-out refinances are subject to a mandatory 3-day waiting period before funding; purchase loans are not.