Bank Statement Loans in Nevada

Nevada bank statement loans are a more convenient option in many cases because you can use regular deposits to prove your income and ability to pay back your loan. Find out if you qualify today.

Nevada has a significant self-employed population. In 2022, Nevada was home to approximately 294,529 nonemployer establishments, as reported by the U.S. Census Bureau — a key indicator of the state’s self-employed workforce. With the Bureau of Labor Statistics estimating Nevada’s total nonfarm employment at 1,574,900 in November 2024, self-employed individuals account for about 15.8% of the workforce.

This notable percentage underscores the critical contribution of self-employed professionals and small business owners to Nevada’s economic landscape. Bank statement loans in Nevada can help these self-employed individuals achieve their home buying goals in the state.

Areas We Serve

Griffin Funding offers bank statement loans in Nevada throughout the entire state, including:

The above list is not exhaustive. Whether you’re looking for bank statement loans in Las Vegas or Elko, our team can help guide you in the right direction. Our team works hard to provide white-glove service to anyone looking for a new home loan.

What Are Nevada Bank Statement Loans?

Nevada bank statement loans are non-qualified mortgage loans that allow borrowers to show their income with their bank statements rather than having to present documentation from their taxes or employer verified information. Bank statement mortgage lenders in Nevada issue these loans based on personal information and bank statement deposits.

Bank statements are accepted because self-employed professionals and business owners in Nevada likely claim deductions on business expenses in their taxes which means their net income doesn’t show how much they actually bring in each month and how much they can afford to pay in terms of a new home loan. With bank statements, lenders can verify that these prospective borrowers are making regular monthly deposits and have the financial means to repay their mortgage.

A bank statement mortgage in Nevada is typically well suited for self-employed individuals such as consultants and contractors, business owners, and retirees.

Beyond purchase loans, we also offer bank statement loans for refinancing and tapping into your home equity. If you’re self-employed and looking to refinance your current mortgage or access your home’s equity, you can use the same bank statement documentation process.

Our self-employed refinance options help business owners take advantage of better rates or cash out some of their equity, while a bank statement home equity loan provides a way to tap into your home’s value without needing traditional income documentation. The qualification process mirrors our purchase loans, making it straightforward for self-employed borrowers to access different financing options.

Types of Bank Statement Loans Available in Nevada

Griffin Funding currently offers bank statement loans in Nevada for both individuals and businesses.

• Personal bank statement loans: Qualify with 12 or 24 months of bank statements; count 100 percent of deposits as income.
• Business bank statement loans: Qualify with 12 or 24 months of bank statements; count 50 percent of the deposits as income

As a business owner applying for a bank statement loan, the lender will also request to see any expenses you incur as a result of owning a business, but it’s important to know you will not be penalized for expenses you have written off on your tax returns. To qualify for a bank statement loan in NV, you need to have been a business owner or self-employed for at least 2 years.

Bank Statement Loan Qualification Requirements in Nevada

Bank statement mortgages in Nevada are often the best option for self-employed professionals such as gig economy workers, contractors, freelancers, retirees, and business owners who don’t have certain documentation such as a W-2 form to show lenders. As such, the most critical criteria for this type of loan are bank statements showing proof that you can afford to repay the loan. However, there are also important criteria to consider.

Qualification criteria:

• Be self-employed or a business owner for at least 2 years
• Your credit score should be 620 or above to qualify.
• Take out a loan between $100,000 and $20,000,000
• With a credit score of 660 or higher you can put as little as 10% down which is a 90% loan to value.
• You must have 3-6 months of PITI reserves in the bank for loans under $1.5 million and 12 months for loan amounts over $3 million.

We also offer DSCR loans and interest-only loans across NV, which are also non-QM loans and may be viable options for your mortgage depending on your circumstances.

Wondering how much you might be able to borrow? Try our bank statement loan calculator.

How to Get a Bank Statement Loan in Nevada

Getting a bank statement loan is a smart alternative for self-employed individuals and business owners in Nevada. Our lending team has created a clear-cut process to help you get the home financing you need. Here’s what to expect:

1. Initial discovery meeting: Jump on a quick call with one of our loan experts to go over your situation and figure out the best loan options for you.
2. Get your paperwork together: Pull together your bank statements from the last year or two, plus basic documents like your ID and proof of assets. If we need anything else, we’ll let you know.
3. Get pre-approved: Submit an application online or over the phone. We’ll review your documents and issue a pre-approval letter stating the amount you qualify for based on your regular bank deposits.
4. House hunt: Hire a realtor and begin the house hunting process. Once you have an offer accepted on a house, you can move forward with the next step.
5. Complete the application process: Once your offer is accepted, you can complete the mortgage application process.
6. Underwriting: During the underwriting process, we work behind the scenes to verify your income and order an appraisal on the home to make sure its current market value aligns with the loan amount. You’ll work with a loan processor to make sure we have all the necessary documentation from you to move forward.
7. Approval and closing: Once your home loan is approved, we’ll coordinate with all parties and give you the clear to close. From there, we can schedule your closing date, where you’ll sign loan documents and receive the keys to your new home.

Ready to take the next step? Contact us today to learn about your options or download the Griffin Gold app to streamline the application process and connect directly with your loan officer.

Apply for a Nevada Bank Statement Loan Today

Ready to buy a home? Let our loan specialists help you qualify for a mortgage today.

Our team of experts specializes in self-employed home loans like bank statement mortgages, asset-based loans, and P&L loans for business owners, and we can help you find the right loan program, whether it’s a bank statement loan in Nevada or one of our other mortgage options. We provide white glove, five- star customer service throughout the lending process with the goal of providing more business owners and self-employed individuals with access to home loan options that suit them. To get started, you can connect with us online or call us at (855) 394-8288 for more information on our bank statement loans in Nevada.