Bank Statement Loans in South Carolina
Self-employed? Eligible borrowers may be able to use qualifying bank statements as alternative income documentation. Flexible home financing options for entrepreneurs across South Carolina.
If you are self-employed in Greenville, SC or anywhere in South Carolina, bank statement loans may offer an alternative path to mortgage qualification. Andrew and Sam Rysta help business owners, freelancers, and independent contractors explore bank statement loan options that may use bank deposit history as alternative income documentation.
Speak directly with Andrew Rysta or Sam Rysta - local mortgage brokers serving Greenville and South Carolina.
What is a Bank Statement Loan?
A bank statement loan is a non-QM mortgage designed for self-employed borrowers. Instead of traditional W-2s and tax returns, eligible borrowers may use 12 to 24 months of personal or business bank deposits to support qualifying income — an option that may benefit business owners, contractors, and 1099 earners whose tax returns don't fully reflect their earning power.
Key Benefits of a Bank Statement Loan
Why Greenville borrowers choose this program
Alternative Income Documentation
Eligible borrowers may qualify using bank statements instead of W-2s and 1040s.
Self-Employed Friendly
Built for business owners, freelancers, and independent contractors.
Flexible Income Calculation
Qualifying income based on actual deposits, not taxable income.
Purchase or Refinance
Buy a home or refinance your existing mortgage.
Responsive Preapproval
Responsive preapproval support so you can shop with confidence.
Qualification Requirements
- 12–24 months of personal or business bank statements
- 10–20% down payment
- Credit score typically 660+
- 2 years of self-employment history
- Sufficient reserves after closing
How It Works
- 1
Gather Statements
Collect 12–24 months of bank statements for income review.
- 2
Income Calculation
We calculate qualifying income from your average monthly deposits.
- 3
Application & Approval
Submit your application and receive an approval decision.
- 4
Close
Sign your documents and get the keys to your new home.
Frequently Asked Questions
Related Loan Programs
Explore other mortgage options from The Rysta Team
Ready to get started?
Talk to a local Greenville mortgage broker today. Responsive preapproval support and guidance throughout the closing process.
The Rysta Team powered by Barrett Financial Group, L.L.C. | NMLS #181106. Andrew Rysta NMLS #2475952. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval. Programs, rates, and guidelines are subject to change without notice.