Bank Statement Loans in Nevada
Qualify for a home loan in Nevada using bank statements instead of traditional income documentation. Bank statement loans in Nevada are designed for self-employed borrowers, business owners, and freelancers whose full income isn’t represented on their tax returns. Access a flexible path to home financing as a self-employed borrower without needing to submit tax returns, pay stubs, or W-2s.
- 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 Nevada
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Areas We Serve
Griffin Funding provides bank statement loans in Nevada, including the following areas:
- Douglas County (Zephyr Cove, Stateline, Glenbrook, Kingsbury)
- Esmeralda
- Storey
- Eureka
- Washoe County (Incline Village, Reno)
- Carson City
- Clark County (Las Vegas, Henderson, Laughlin)
- Elko
- Lander
Self-Employed Mortgages in Nevada
Bank statement loans allow self-employed borrowers to qualify for home financing using 12-24 months of bank statements rather than undergoing traditional income verification methods. This is ideal for business owners, freelancers, investors, and anyone else who may have fluctuating income or claim significant tax deductions.
As a non-qualified mortgage (non-QM) product, bank statement loans offer a greater degree of flexibility compared to conventional mortgages. Borrowers can capitalize on more lenient qualification requirements, flexible terms, and higher loan amounts.
Bank statement loans can be used to buy or refinance a primary residence, vacation home, or investment property. Griffin Funding also offers bank statement home equity loans and home equity lines of credit.
Visit our bank statement loan page to learn more about this type of financing and see today’s self-employed mortgage rates in Nevada. Contact Griffin Funding or get started online to secure a bank statement loan in Nevada and embark on your homeownership journey.
Frequently Asked Questions
We can often complete the loan approval within 30 days, but this typically depends on how quickly the necessary documentation is provided. The underwriting timeline will also depend on the complexity of the borrower’s financial profile.
Some of the downsides of NV bank statement loans include:
- Must be self-employed
- Higher interest rates
- Larger down payment requirements
- PITI reserves required
As long as you work with an experienced lender in self-employed mortgages and meet their criteria, it’s not hard at all to get a bank statement loan in Nevada. Our team specializes in bank statement loans and can walk you through each step.
To streamline the process, make sure you have your documentation ready and answer any questions we have as soon as possible. Since we understand how to properly evaluate self-employed income, we can help make the loan process smooth and efficient for you.
While borrowers typically need to be self-employed for at least two years to qualify for a bank statement loan, exceptions can be made in some cases. If you have been self-employed for less than two years but in the same line of work for multiple years, then you may be able to get approved.
Not sure if you qualify for a self-employed mortgage in Nevada? Reach out and we can review your eligibility and discuss alternative financing options.
Yes, you can use a bank statement loan to buy a second home, vacation residence, or investment property anywhere in Nevada, including Las Vegas, Lake Tahoe, and Reno.
Yes, you can use a blended approach of both business and personal bank statements to qualify. However, keep in mind that we count 50% of deposits into a business account as income, whereas 100% of deposits into a personal account are counted as income. If you’d like, you can transfer funds from a business account into a personal account to get the most out of your bank statement loan.