CHARLOTTE MORTGAGE EXPERTS

Here at On Point Home Loans, you don’t just get a mortgage- you get a trusted partner dedicated to helping you achieve your homeownership dreams with confidence. We are local mortgage brokers with nationwide access to 150+ lenders and 40+ loan programs, ensuring you get the best possible rate and terms for your mortgage. Instead of spending hours shopping banks, we do the heavy lifting—saving you time, stress, and money. We would love to chat and earn your business!

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What Are Bank Statement Loans?

Bank Statement Loans are flexible mortgage programs designed for self-employed borrowers and business owners in Charlotte, NC, who have strong income but may not qualify under traditional lending standards. Instead of relying on W-2s, pay stubs, or tax returns, these loans use 3-24 months of personal or business bank statements to verify income stability.

This program is ideal for entrepreneurs, freelancers, and independent contractors whose earnings fluctuate or include multiple revenue sources. By evaluating actual deposits and business performance, lenders gain a more accurate view of your financial strength—allowing you to qualify based on real cash flow, not taxable income.

With On Point Home Loans, you get access to competitive rates, personalized loan structures, and a streamlined process tailored to Charlotte’s self-employed community. Whether you’re purchasing, refinancing, or investing in a property, Bank Statement Loans help turn your income potential into homeownership power.

How Bank Statement Loans Work in Charlotte, NC

Bank Statement Loans simplify home financing for self-employed borrowers in Charlotte, North Carolina by replacing tax return verification with bank deposit analysis. Instead of focusing on adjusted gross income, lenders review your bank statements over the last 3-24 months to determine your qualifying income.

Here’s how the process works:

Submit Bank Statements – Provide personal or business bank statements showing consistent deposits that reflect your true earning potential.
Income Calculation – Lenders average your monthly deposits to estimate income. Business accounts may use a percentage of deposits after accounting for expenses.
Property Evaluation – Your desired property is appraised to ensure it aligns with Charlotte’s local market value and lending guidelines.
Loan Structuring – Choose between fixed or adjustable rates with flexible loan terms that match your financial goals.
Fast Approval and Closing – Without the need for tax return verification, most bank statement loans in Charlotte NC close quickly—ideal for business owners ready to act fast.

This loan option empowers entrepreneurs, contractors, and self-employed professionals to qualify for mortgages based on their true income flow, not what’s shown after deductions.

On Point Home Loans provides dedicated local support, helping Charlotte borrowers navigate documentation, underwriting, and funding with confidence.

Is a Bank Statement Loan Right for You?

A Bank Statement Loan may be the perfect solution if you’re self-employed, earn through commissions, or manage multiple income streams that don’t fit traditional lending models. This loan type is specifically designed for Charlotte borrowers whose tax returns underrepresent their actual financial capacity due to business deductions or variable income.

You may find a Bank Statement Loan in Charlotte NC right for you if you:

Run your own business or work as a freelancer with strong monthly deposits.
Want to qualify for a mortgage without submitting W-2s or tax returns.
Have steady revenue but show lower taxable income after business write-offs.
Prefer a simplified, documentation-light loan process focused on cash flow.
Seek flexible terms and competitive rates tailored for North Carolina’s self-employed borrowers.

If you’ve been turned away by conventional lenders but maintain solid income through your business or profession, a Bank Statement Loan can turn your Charlotte homeownership goals into reality.

You May Be a Great Fit for a Bank Statement Loan If You

Are Self-Employed or Own a Small Business

You operate a business, work as a freelancer, or are a 1099 earner whose income comes from variable or non-traditional sources.

Have Strong, Consistent Bank Deposits

Your personal or business accounts show stable monthly income over the past 3-24 months, even if your tax returns show less.

Prefer a Simplified Loan Process

You want an easy, no-tax-return mortgage that focuses on cash flow rather than complex income documentation.

Have Good Credit and Financial Discipline

You maintain a solid credit profile and manage debt responsibly, improving your chances of approval and favorable terms.

Want to Buy or Refinance in Charlotte NC

You’re planning to purchase or refinance a property in Charlotte or surrounding North Carolina areas and want local lender guidance.

Need Flexible Loan Options for Growth

You prefer adjustable or fixed-rate terms that align with your business income cycles and long-term financial goals.

Explore how the numbers add up.

Use our online resources below and explore more.

What our clients say

"Rebecca helped me with my first mortgage. The was a big step for me and Rebecca made me feel confident with choosing her to help with my loan. She was extremely helpful and quick to respond with any questions I had. I would 100% recommend working with Rebecca to anyone. She is also very professional and down to earth at the same time with her communication. 10/10 would work with again!"

Levi worked with us for over of year giving us all the information we needed for our first home. He made it all seem easy even though we weren’t. Can’t thank him enough.

"David and the On Point team are absolutely amazing! I thought for sure that the loan process would be the most inconvenient part of our home buying process, but thanks to On Point Home Loans, it was the easiest part! There were so many times I called David with questions or to ease my concerns, and he was there for me each time. David is so knowledgeable and it was truly a pleasure working with him. I knew that he had our best interest at heart and we’re very grateful for all of the hard work that David & the On Point team put in to make this process as smooth as possible for us! Thank you!"

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