How do bank statement loans work for self-employed borrowers?

Bank statement loans allow self-employed borrowers to qualify using 12 or 24 months of personal or business bank statements instead of tax returns. Lenders review recurring deposits, apply any required expense factor for business accounts, and calculate average monthly qualifying income based on documented cash flow.

What credit score is needed for a bank statement loan?

Most bank statement loan programs require a minimum credit score between 620 and 680. Borrowers with scores of 720 or higher usually receive more competitive pricing and better loan options.

Can bank statement loans be used for investment properties or second homes?

Yes. Bank statement loans can often be used for primary residences, second homes, and investment properties. Investment properties and second homes may require a larger down payment and may carry slightly higher rates than loans for primary residences.

Bank Statement Loan Rates 2026: Compare Lenders & Options

You earn a high income, your business is profitable, but your tax returns tell a different story because of legitimate write-offs and deductions. Traditional lenders see your net income on paper and either deny you or undervalue your earning power.

Bank statement loans solve this problem by using actual bank deposits to verify income instead of tax returns. This guide covers everything you need to know about bank statement loan rates in 2026, how to find the right lender, and how to compare programs effectively.

Bank statement loan rates in 2026 typically range from 0.50% to 1.50% higher than conventional mortgage rates, depending on credit score, down payment, and loan amount. These loans use 12 or 24 months of personal or business bank statements to verify income instead of tax returns, making them ideal for self-employed borrowers, freelancers, and business owners.

Most programs require a minimum credit score of 620 to 680, a down payment of 10% to 20%, and documented cash reserves. Bank statement loans can be used for primary residences, second homes, and investment properties. Working with a lender who specializes in non-QM products is essential to getting competitive rates and smooth processing.

Self-employed and ready to explore your options? Contact McGowan Mortgages for a free bank statement loan rate quote →

Key Takeaways

Bank statement loan rates in 2026 range from approximately 7.0% to 9.0% for well-qualified borrowers
These loans use 12 or 24 months of bank statements instead of tax returns to verify income
Most programs require a minimum credit score of 620 to 680 and a down payment of 10% to 20%
Bank statement loans are classified as non-QM (non-qualified mortgage) products
Self-employed borrowers with strong credit and larger down payments can access rates close to conventional pricing
Mortgage brokers typically offer access to more bank statement loan programs than retail banks

What Is a Bank Statement Loan and How Does It Work for Self-Employed Home Buyers?

A bank statement loan is a non-QM (non-qualified mortgage) that allows self-employed borrowers to qualify for a home loan using 12 or 24 months of bank statements instead of traditional income documentation like W-2s and tax returns. The lender calculates qualifying income by averaging the monthly deposits in the borrower’s bank accounts, making it possible for business owners, freelancers, and gig workers to qualify based on their actual cash flow rather than their tax-reported net income.

The income calculation works by totaling deposits over 12 or 24 months, applying an expense factor (typically 50% for business accounts, or using personal account deposits at face value), and dividing by the number of months to determine average monthly income.

Self-employed borrowers need this product because tax deductions for business expenses, depreciation, home office, vehicle use, and retirement contributions reduce taxable income, often well below actual earnings. A business owner grossing $250,000 annually might show only $80,000 in net taxable income after legitimate deductions. Traditional lenders see the $80,000; bank statement lenders see the cash flow.

Bank statement loans are classified as non-QM products, meaning they fall outside the Qualified Mortgage rules set by the Consumer Financial Protection Bureau (CFPB). They are legal, regulated, and offered by reputable lenders, but they carry slightly different terms than conventional QM loans.

Read our complete guide for a deeper look at how these programs work and who they are best suited for. Explore bank statement loan options with McGowan →

What Are the Current Bank Statement Loan Rates in 2026?

Bank statement loan rates in 2026 typically range from approximately 7.0% to 9.0% for well-qualified borrowers, which is roughly 0.50% to 1.50% higher than conventional mortgage rates for the same loan amount and property type. The exact rate depends on your credit score, down payment percentage, loan-to-value ratio, and whether you use 12-month or 24-month bank statements.

How Do Bank Statement Loan Rates Compare to Conventional Mortgage Rates?

Rate Comparison Table:

Factor	Conventional Mortgage	Bank Statement Loan
Typical Rate Range (2026)	Around 6%	High -6% to Mid 7%
Rate Premium	Base rate	+0.50% to 1.50% above conventional
Income Verification	Tax returns, W-2s, pay stubs	12 or 24 months of bank statements
Loan Classification	Qualified Mortgage (QM)	Non-Qualified Mortgage (non-QM)
PMI/MI	Required below 20% equity	Varies by lender; often built into the rate
Who It Serves	W-2 employees with documented income	Self-employed, freelancers, business owners

Rates are higher for several reasons. Non-QM loans carry higher risk for lenders because income verification is less standardized. These loans cannot be sold to Fannie Mae or Freddie Mac, so lenders price them for the private investor market. The rate premium compensates for the flexibility in underwriting.

For many self-employed borrowers, paying a slightly higher rate is far preferable to being denied entirely.

Rate Reality Check

A self-employed borrower with a 740 credit score and 25% down payment will typically receive a bank statement loan rate only 0.50% to 0.75% above conventional rates. The premium increases for lower credit scores, smaller down payments, and higher loan amounts.

How Can Self-Employed Borrowers Use a Bank Statement Loan to Qualify for a Mortgage Without Tax Returns?

The qualification process for bank statement loans follows a structured approach that differs from traditional mortgage underwriting.

Choose between 12-month or 24-month statements. The 24-month option may yield a higher qualifying income if your business has been growing. The 12-month option works well if your recent income is strong and consistent.

Decide between personal and business bank statements. Some programs accept personal statements only, business statements only, or a combination. Business statements typically require an expense factor (lender assumes 50% of deposits are business expenses) unless you provide a CPA letter with a lower expense ratio.

A CPA or accountant letter can significantly impact your qualification. Many programs allow a CPA to certify your true expense ratio (for example, “expenses represent 35% of gross revenue”), which can increase your qualifying income compared to the default 50% factor.

No tax returns are required for income qualification. This is the defining feature of bank statement loans. You will still need to provide other documents (credit report, bank statements, asset documentation, property appraisal), but your tax-reported income does not determine your eligibility.

What Minimum Credit Score and Income Deposits Are Needed to Qualify for a Bank Statement Loan?

Most bank statement loan programs require a minimum credit score of 620 to 680, with the best rates available to borrowers with scores of 720 or higher. There is no fixed minimum income deposit amount, but lenders need to see consistent, sufficient deposits that demonstrate the ability to cover the proposed mortgage payment plus other debts within acceptable DTI ratios.

Credit score tiers affect your rate significantly:

620 to 659: Highest rates, limited program availability
660 to 699: Moderate rates, more options
700 to 739: Competitive rates
740+: Best available rates

Deposits must be consistent. Lenders look for regular, recurring income deposits, not sporadic large transfers. Irregular patterns may require additional explanation.

Large non-income deposits (sale of an asset, loan proceeds, transfers from other accounts) are typically excluded from the income calculation and must be documented. Some programs require a minimum monthly qualifying income of $5,000 to $10,000, though this varies by lender.

What Is the Difference Between a 12-Month and 24-Month Bank Statement Loan?

Program Comparison Table:

Feature	12-Month Bank Statement Loan	24-Month Bank Statement Loan
Statements Required	Last 12 months	Last 24 months
Income Calculation	Average of 12 months of deposits	Average of 24 months of deposits
Best For	Borrowers with strong, consistent recent income	Borrowers with growing income or seasonal fluctuations
Rate Impact	May carry a slightly higher rate with some lenders	May offer a slightly lower rate due to longer income history
Documentation Burden	Less paperwork	More paperwork, but more data for the lender
Lender Preference	Widely available	Preferred by some lenders for higher loan amounts

If your income has increased significantly in the past year, a 12-month program highlights your current earning power. If your income varies seasonally (construction, tourism, tax preparation), a 24-month average may smooth out fluctuations and produce a more favorable qualifying income.

Some lenders only offer one option; others let you choose. A mortgage broker can help you determine which calculation produces the best result for your situation.

Which Lenders Offer the Best Bank Statement Loan Programs for Business Owners and Freelancers?

Several categories of lenders offer bank statement loan programs, each with different strengths.

Non-QM specialty lenders focus exclusively on non-QM products and often have the most competitive bank statement loan rates and the deepest program expertise. These are typically wholesale lenders who work through mortgage brokers.

Portfolio lenders and credit unions hold non-QM loans in their own portfolios, offering custom terms. Rates and availability vary widely.

Mortgage brokers (like McGowan Mortgages) have access to multiple non-QM wholesale lenders and can shop your profile across several programs to find the best rate and terms. This is the most efficient way to compare options without submitting multiple separate applications.

Online non-QM platforms offer bank statement loan products through fintech lenders. Rates may be competitive, but the level of personal service and underwriting expertise can vary.

How Do I Compare Bank Statement Lenders Online?

To compare bank statement lenders effectively, request rate quotes from at least 3 lenders or work with a mortgage broker who can pull quotes from multiple sources. Compare the APR (not just the note rate), origination fees, required down payment, and any prepayment penalties. Ask whether the lender offers both 12-month and 24-month programs, and whether they allow a CPA letter to reduce the expense factor.

McGowan Mortgages works with a network of top non-QM wholesale lenders to find competitive bank statement loan rates for self-employed borrowers. Get a personalized rate comparison today →

Can I Use a Bank Statement Loan to Buy an Investment Property or Second Home?

Yes, bank statement loans can be used to purchase investment properties, second homes, and primary residences. However, investment property and second home bank statement loans typically require a larger down payment (20% to 25%) and may carry rates 0.25% to 0.50% higher than the same loan on a primary residence.

Investment property bank statement loans are particularly popular among self-employed real estate investors who want to grow their portfolios but whose tax returns understate their income.

DSCR loans are an alternative for investment properties, but bank statement loans may be preferred when the borrower’s income is high, and the property’s rental income alone does not meet DSCR thresholds.

Second-home bank statement loans generally require 10% to 20% down and must meet occupancy requirements (used by the borrower for part of the year, not rented full-time).

What Are Typical Interest Rates and Fees for Bank Statement Loans for Self-Employed Buyers?

Transparency about all costs builds trust. Self-employed borrowers often feel surprised by fees on non-QM products, so understanding the full cost structure upfront is important.

Cost Breakdown Table:

Cost Component	Typical Range	Notes
Interest Rate	7.0% to 9.0%+	Varies by credit score, LTV, and loan amount
Origination Fee	0.5% to 2.0% of the loan amount	Some lenders charge a higher origination fee on non-QM
Discount Points	0 to 2 points	Available to buy down the rate
Appraisal Fee	$500 to $800	Standard for all mortgage types
Prepayment Penalty	None to 3 years	Common on non-QM loans; ask before committing
Third-Party Closing Costs	$3,000 to $6,000	Title, escrow, recording, insurance

Watch for Prepayment Penalties

Unlike conventional mortgages, some bank statement loans carry prepayment penalties of 1% to 3% if you pay off or refinance the loan within the first 1 to 3 years. Always ask about prepayment terms before locking your rate. If you plan to refinance into a conventional loan once you have 2 years of stronger tax returns, a no-prepayment-penalty option is essential.

How Many Months of Bank Statements Are Usually Required to Get Approved for a Bank Statement Mortgage?

Bank statement mortgage programs typically require either 12 or 24 consecutive months of personal or business bank statements. All pages of every statement must be provided, and lenders will review deposit patterns, average balances, and any large or irregular transactions that require explanation.

Statements must be consecutive with no gaps. If using business statements, some lenders require a business license or proof of business ownership. Co-mingled accounts (personal and business deposits in the same account) may complicate the income calculation and reduce qualifying income.

How Do I Compare Bank Statement Loan Programs to Traditional Income Verification Mortgages When Purchasing a Home?

Comparison Table:

Feature	Traditional (QM) Mortgage	Bank Statement Loan (Non-QM)
Income Documentation	Tax returns, W-2s, pay stubs	12 to 24 months of bank statements
Best For	W-2 employees, stable, documented income	Self-employed, freelancers, gig workers
Interest Rates	Lower (market standard)	Higher (0.50% to 1.50% premium)
Down Payment	3% to 20%	10% to 20%+
Credit Score Minimum	620 (FHA: 580)	620 to 680
Loan Limits	Conforming limits apply	Higher limits available (up to $3M+ with some lenders)
Prepayment Penalty	None (QM rules prohibit)	May apply (1 to 3 years)
Time to Close	30 to 45 days	30 to 45 days (with an experienced lender)
Qualification Flexibility	Rigid, standardized guidelines	More flexible, income based on deposits

Not sure which path is right for you? Use our mortgage calculator to compare monthly payments →

What Are the Pros and Cons of Using a Bank Statement Loan to Qualify for a Higher Home Purchase Price?

Pros:

Qualify based on actual cash flow rather than tax-reduced net income. Many self-employed borrowers qualify for significantly larger loan amounts with bank statement programs.
Access homeownership or investment property purchases that would be impossible with traditional documentation.
No need to amend tax returns or reduce legitimate business deductions.
Available for primary residences, second homes, and investment properties.

Cons:

Higher interest rates translate to higher monthly payments and more total interest paid over the life of the loan.
Larger down payment requirements reduce your remaining cash reserves.
Potential prepayment penalties limit refinancing flexibility in the short term.
Non-QM classification means fewer consumer protections compared to QM loans (ATR rules still apply, but the safe harbor provision does not).
Qualifying for a higher loan amount is not the same as affording a higher payment. Over-leveraging based on gross deposits rather than true net income is a real risk.

Smart Strategy

Use a bank statement loan to purchase your home now, then refinance into a conventional loan in 2 to 3 years once you have documented income history (through tax returns) that reflects your actual earnings. This lets you access homeownership immediately and reduce your rate later.

What Documents Do You Need Besides Bank Statements to Qualify for a Bank Statement Mortgage?

Required documents typically include:

12 or 24 months of consecutive personal or business bank statements (all pages)
Government-issued photo ID
CPA or accountant letter (verifying self-employment and, optionally, expense ratio)
Business license or articles of organization/incorporation
Last 2 to 3 months of asset/reserve statements (bank, retirement, brokerage)
Credit authorization
Signed purchase contract (if buying)
Property insurance declarations
Current mortgage statement (if refinancing)

Not required:

Tax returns (the defining feature of the product)
W-2s or pay stubs
Profit and loss statements (though some lenders accept these as supplemental)

Can You Refinance an Existing Mortgage Into a Bank Statement Loan in 2026?

Yes, you can refinance an existing mortgage into a bank statement loan in 2026. This is a common strategy for self-employed homeowners who want to cash out equity, lower their rate from a previous non-QM loan, or consolidate debt, but whose tax returns do not support qualification under conventional refinance guidelines.

Rate-and-term refinance: Replace your current mortgage with a bank statement loan at a potentially better rate, especially if your credit or down payment position has improved since the original purchase.

Cash-out refinance: Access equity using bank statement income documentation. Most programs allow cash-out up to 75% to 80% LTV.

Seasoning requirements: Some lenders require 6 to 12 months of ownership before allowing a bank statement refinance.

Learn more about bank statement loan programs, including purchase and refinance options. Explore options with McGowan →

Are Bank Statement Loans Considered Non-QM Mortgages?

Yes, bank statement loans are classified as non-qualified mortgages (non-QM) because they do not meet the Qualified Mortgage standards set by the Consumer Financial Protection Bureau, primarily due to the alternative income documentation method. Non-QM does not mean unregulated or risky; it simply means the loan falls outside the specific guidelines that allow lenders to sell the mortgage to Fannie Mae or Freddie Mac.

Non-QM loans are legal, regulated, and offered by licensed, reputable lenders. The lender must still verify the borrower’s ability to repay (ATR rule applies to all residential mortgages). Non-QM products have grown significantly since 2020 and are now a mainstream segment of the mortgage market, particularly for self-employed borrowers.

Can Real Estate Investors Qualify Using Bank Statements Only?

Yes, real estate investors who are self-employed can use bank statement loans to qualify for investment property purchases. The income calculation uses the investor’s personal or business bank deposits, and the property does not need to generate rental income for qualification (unlike DSCR loans). This makes bank statement loans a strong option for investors buying properties that are vacant, under renovation, or intended for personal investment strategies.

Expert Viewpoint: Bank Statement Loans Are No Longer a Niche Product

The non-QM market has matured dramatically. In 2026, bank statement loans are a mainstream lending product with competitive rates, established underwriting guidelines, and deep lender competition. This is no longer a last-resort option; it is a purpose-built solution for the millions of Americans who are self-employed.

The self-employed segment of the workforce continues to grow. Freelancers, gig workers, small business owners, and independent contractors represent a massive and underserved segment of potential homebuyers. Bank statement loans bridge the gap between real earnings and tax-reported income.

The single most impactful thing a self-employed borrower can do is work with a mortgage broker who specializes in non-QM lending. Not all lenders offer bank statement programs, and among those that do, rates, terms, and underwriting flexibility vary widely. A broker who shops the non-QM wholesale market can save you thousands.

If you have been told you do not qualify for a mortgage because of your tax returns, that is not the end of the conversation. It is the beginning of a different one.

McGowan Mortgages specializes in bank statement loans and non-QM lending for self-employed borrowers, business owners, and real estate investors. Contact us today for a free rate quote and qualification review →

Frequently Asked Questions About Bank Statement Loan Rates and Lenders

What are the current bank statement loan rates in 2026?
Bank statement loan rates in 2026 generally range from 7.0% to 9.0%, depending on credit score, down payment, and loan amount.

Are bank statement loan rates higher than traditional mortgage rates?
Yes, bank statement loan rates are typically 0.50% to 1.50% higher than conventional mortgage rates due to the alternative income documentation and non-QM classification.

What is the minimum credit score needed for a bank statement loan in 2026?
Most programs require a minimum credit score of 620 to 680, with the best rates available to borrowers scoring 720 or above.

Can self-employed borrowers get competitive rates with a bank statement loan?
Yes, self-employed borrowers with strong credit scores, larger down payments, and consistent deposit history can access rates close to conventional pricing.

How much of a down payment is required for a bank statement mortgage?
Most bank statement loan programs require a minimum down payment of 10% to 20%, with 20% or more unlocking the best rate options.

Which lenders offer the best bank statement loan programs this year?
Non-QM specialty wholesale lenders accessed through mortgage brokers like McGowan Mortgages typically offer the most competitive rates and flexible terms.

What documents are required for a bank statement mortgage application?
You will need 12 to 24 months of consecutive bank statements, a CPA letter, business documentation, asset statements, and standard identification and property documents.

Can you refinance an existing mortgage into a bank statement loan in 2026?
Yes, both rate-and-term and cash-out refinances are available through bank statement loan programs for self-employed homeowners.

Are bank statement loans considered non-QM mortgages?
Yes, bank statement loans are non-QM products because they use alternative income documentation instead of the tax-return-based verification required under Qualified Mortgage rules.

Can real estate investors qualify using bank statements only?
Yes, self-employed real estate investors can use bank statement loans to qualify for investment property purchases based on their personal or business deposit history.

Get Started With Your Bank Statement Loan at McGowan

Bank statement loans provide a practical path to homeownership for self-employed borrowers whose tax returns do not reflect their true earning power. While rates run slightly higher than conventional mortgages, the ability to qualify based on actual cash flow rather than tax-reported income makes these loans invaluable for business owners, freelancers, and gig workers.

The key to a successful bank statement loan is working with a lender who specializes in non-QM products and can shop your profile across multiple programs. Rates, terms, and underwriting flexibility vary significantly between lenders, and a mortgage broker with non-QM expertise can help you find the best combination for your situation.

If traditional lenders have told you that you do not qualify, the conversation is not over. It is time to explore a different approach.

Call +1 (816) 631-9687 or contact McGowan to discuss your bank statement loan options →

Do you know how much home you can afford?

Most people don’t... Find out in 10 minutes.

Today's Mortgage Rates

See What Our Clients Are Saying About Us!

McGowan Mortgages

5.0

Based on 224 reviews

Write a review

Carlos Olvera

21:24 26 Mar 26

Nick M

03:15 20 Mar 26

They made the whole process super easy and I was able to close quick with a low interest rate. I will definitely use them again for my next home and refinancing.

Lindsay Blanchard

01:30 20 Mar 26

We loved working with McGowan! It was our first time buying a house, and we were so overwhelemed. They were supportive the whole way through and patient explaining everything so we could make the best decisions on our loan choice, how much to put down, saving for closing, etc. Very responsive and could tell genuily care. :)

soran ibrahim

16:26 11 Mar 26

Derek and his team worked tirelessly to get us approved and into our new house, all around the clock. We have worked with several other lenders and can confidently say that the McGowan group far exceeded our expectations. They listened, explained, and walked us through every step. I would recommend McGowan Mortgages 100% with no hesitation to anyone thinking about buying a home. Their level of expertise, especially in this market, will make the difference in securing the house of your dreams with rates you can afford or having made the biggest mistake of your life. I will always come back and know that they are there for my family and I, with any questions we have. I can’t thank the McGowan team enough for their professionalism and dedication to our family during a difficult process made easy.

Summer Winters

22:06 06 Mar 26

Myron McGee

21:06 06 Mar 26

My Team was fast and very flexible. I appreciate them helping us with our first DSCR Loan. 10/10

addam bramich

18:58 06 Mar 26

Dylan Pankaskie

21:29 05 Mar 26

Claudia Pena-Guzman

21:11 05 Mar 26

The team was phenomenal to work with and extremely helpful every step of the way. I recommend them to anyone purchasing or refinance their home.

Max Disser

18:07 10 Feb 26

McGowan Mortgage was outstanding for both my primary home purchase and an investment property. Their speed was exceptional—everything moved efficiently without ever feeling rushed. The team’s knowledge was clear at every step, from structuring the loans to explaining options in a way that actually made sense. Most impressive was the communication: proactive, responsive, and transparent throughout the entire process. I always knew where things stood and what was coming next. I wouldn’t hesitate to recommend McGowan Mortgage to anyone looking for a smooth, professional mortgage experience.

McGowan Mortgage Team

17:58 10 Feb 26

Derek and his team go above and beyond to help. I couldn't be happier with the service I received. There was always someone to answer my questions and guide me through. I will be recommending them to everyone I know! Thank you again!

Rogilyn Martinez

17:56 10 Feb 26

Fantastic company with a knowledgeable and supportive team. Great processes, clear communication, and a strong commitment to quality. Highly recommend!

Reyn Bulatao

THE BEST!

Spartacus 777

03:50 10 Feb 26

I am very grateful with McGowan Mortgages, they helped me to get the mortgage for my new house last year, especially when most banks told me it was too difficult or even impossible because I am a self employed, McGowan made simple and possible, I truly recommend them.

Hunter Bruecker

20:33 09 Feb 26

There team is great they worked together to get my heloc funded in 9 days, when I was on a time crunch!!

Maxwell Jones

22:41 08 Feb 26

If you want a mortgage lender who is responsive, sharp, honest, and relentless, Max Disser is the guy.We purchased our home in November 2024, and since this was my first home purchase, I expected the process to be stressful and confusing. On top of that, we used a VA loan, which can come with extra steps and specific requirements. Max handled everything like a total professional and made the entire process feel smooth, organized, and completely manageable.He communicated clearly, stayed ahead of deadlines, and always made sure I understood what was happening at every stage. Anytime I had a question, Max responded quickly and confidently, and I never felt left in the dark.What really stood out was how knowledgeable he was with the VA loan process and how well he worked with me as a veteran. He didn’t just “process a loan” — he genuinely cared and made sure I was taken care of from start to finish.If you’re a first-time buyer or a veteran looking to use your VA benefits, I highly recommend Max Disser and the McGowan Mortgages team.

D. Boulden

19:33 08 Feb 26

Derek and his team worked to find a tailored solution for my circumstance. Responsive and detailed team that will work to find the best product that meets your goals. I would highly recommend this company!

Jacob Schuetze

18:43 29 Dec 25

Derek has a great team, and while the process wasn't without hiccups, his team was great to work with and helped every step of the way.

matt bielert

15:36 10 Dec 25

Derek got us set up and approved fast so we could put in offers on homes quickly. We got our place and the experience was great. Also during the process as questions or concerns came up he answered quickly and was very professional . We look forward to working with Derek and the McGowan team for future investments.

Paul Semple

14:41 19 Oct 25

I have never met a group of people who are experienced when it comes to home buying.It wasmy first time purchasing a home.I didn't know how to start the home buying process.I was introduced toTiana, Jessica, Derek and their team who stood up with me and my daughter from the beginning to the end.We were in our house in a timely manner.We will like to say thanks toDerek and his team. ⭐⭐⭐⭐⭐

Joann Ross Sanchez

22:35 18 Oct 25

I have a good experience working with McGowan Mortgage all the team make my dream come true in my new house they move so fast and when I almost give up they jump and do everything always with a good communication no matter the hour always I have the answer thanks for everything you and you team are A plus. Thanks to everyone work with me ( Megan, Analise, Tatiana and Derek)

Kaylie Westhefer

17:57 24 Sep 25

Thank you Max for all of your assistance! Your knowledge and customer service was outstanding and we are so thankful for your patience with us. Highly recommend connect with Max if you are shopping for rates and mortgage options! Had the pleasure of speaking with Derek and Thao at an event and they are just such great and kind individuals! Appreciate you all!

Andrew Halsey

16:23 15 Sep 25

Good help when needed all through the processes

Tina Liu

13:06 10 Sep 25

Cindy initially reached out to me, and then Julie followed up to help me see where I stand with buying a home since I’m looking into it for next year. She gave me a clear plan moving forward, and I really appreciate that it didn’t feel pushy at all. McGowan Mortgages truly seem like they care more about their customers than just pushing out numbers, and I’m excited to use them next year when I’m ready.

Stephanie Desai

21:52 06 Sep 25

Valerie Simmons

20:07 06 Sep 25

Cyndy, Missy and Derek were all very helpful, got us a great deal, lowered our closing costs and were so very professional and courteous. We appreciate all the energy and time. Thank you so much.

logan edwards

03:12 05 Sep 25

Everybody is amazing and helpful and really is there to help you and make sure you have every answer and if they dont they will try there hardest and get back to you in a very fast manner. 10 out of 10 recommend. Thank you guys for everything you guys did to help me get my wife and I our first house.

Faith Packer

21:58 02 Sep 25

I am currently working with McGowan Mortgages on my refinance, and the experience has been wonderful so far. Even though I’ve run into a few hiccups with my situation, Fidel has been incredibly helpful and supportive throughout the process. With my busy schedule, I sometimes can’t respond right away, but their team always checks in with me and keeps me motivated to stay on track. Those reminders make a huge difference for someone like me.I was recommended to McGowan Mortgages by my friend Julie, who helped me get started with my refinance application, and I’m so glad she did. Everyone on the team has been wonderful, professional, and committed to making the process as smooth as possible. Highly recommend!

Jenny Nance

18:36 23 Jul 25

my daughter referred me to mcgowan mortgage and the process has been great! I have been starting up my process with Julie and she has made this all a breeze! very grateful to have someone so helpful.

stacey gordon

15:25 22 Jul 25

We had such an awesome experience with the team! Would recommend a thousand times over!

‹

›

17:04 19 Jul 25

13:56 17 Jul 25

Whether you are a first time home buyer or a seasoned homebuyer these folks work so hard for you. They were kind, patient, knowledgeable and professional in every step of the process. I had little to no experience with every aspect of the process and they never let that get in the way. They worked hard every day and were always accessible. Can’t say enough good things about this company!!!!!

Steve P.

15:46 16 Jun 25

McGowan … from start to finish were always alternative and Helpful , with our loan process, last year we work with another major national loan company and we regretted the experience and hindered us purchasing a home at last minute . Wasn’t case this time around and we are happily in our new home ! Thank you Derrick McGowen and Staff and are grateful for your efforts and making our retirement home purchase possible .

Zoe B.

16:00 12 Jun 25

As a first-time homebuyer, I was honestly so clueless about the loan process, but working with McGowan Mortgages has been nothing short of amazing. From the very beginning, Julie, my application specialist, made everything so easy to understand. She communicated with me every step of the way and always kept me updated. After her, Tiana stepped in and has been just as incredible. The consistency in communication and support has been something I truly appreciate. What stood out the most is how well the entire McGowan team keeps everyone in the loop…not just me, but even my realtor! He hardly ever needs to reach out because they are always a step ahead in keeping everyone informed. It’s clear this team genuinely cares and wants to help people, not just push deals through. A huge thank you to Derek and the entire McGowan Mortgages team. You all are such kind, wholesome people, and it truly shows in how you treat your clients. I’m so excited to close on my new home soon, and I’m so grateful to be doing it with a team I trust!

Daniel Byard Keller Williams One Legacy Partners L.

18:24 07 Jun 25

My self and my Team have used McGowan Mortgages as a partner lender to our Real Estate Team for a few years now and they GET THINGS DONE. Derek and the Team are on point! 5 stars All the way!

05:09 06 Jun 25

Working with McGowan Mortgages was a fantastic experience. They were responsive, knowledgeable, and made the entire mortgage process smooth and stress-free. Communication was top-notch, and every step was explained clearly and handled with care. I highly recommend McGowan Mortgages to anyone looking for a trustworthy and efficient mortgage professional!

Team Ringgold - A.

16:20 05 Jun 25

McGowan goes above and beyond to keep things as easy as possible. Great communication and they really strive to put the customer first. I highly recommend for anyone who is getting a home loan!

Ali P.

14:04 05 Jun 25

The McGowan Team was very communicative for their clients from contract to close! It was a pleasure to work with their team.

Genrikh K.

15:59 03 May 25

Amazing team, helped me a lot and explained all what I need in proper ways that easy to understand.

Rick S.

19:10 21 Mar 25

McGowan Mortgages were easy to work with and closed quickly. I completed a refinance on a rental property with them and then closed on another property with them both in the same month. My realtor was also impressed with them and thought they were easy to work with. I plan on using them again to refinance down my second rental property. I highly recommend them.

tammy D.

14:19 21 Mar 25

What a great team! Very friendly and easy to work with. We were able to close on our house in less than a month.

Christina A.

05:16 09 Mar 25

Derek and the team made the whole process easy and will answer any questions you might have! They guided me through the entire process, ensuring that I understood all my options and felt confident in my decisions! Thank you!

D L.

21:30 04 Mar 25

THIS COMPANY ROCKS!!!!Navy federal gave me HELL ON EARTH!!!Mcgowan Mortgage saved me big time on a refinance!!! Derek, Fidel, Megan, Jessica, they are awesome!! To work withWill most definitely continue to do business with them again!!

Bob P.

17:20 04 Mar 25

Derek is a great Loan Officer that will go above and beyond to help you get into your home...His exceptional service and dedication truly sets him apart from the rest..Its always a pleasure to work with him!

James J.

13:46 04 Mar 25

I can’t say enough great things about Derek McGowan and his incredible team. Their professionalism, responsiveness, and commitment to finding the best solutions for clients truly set them apart.If you're looking for a lender who genuinely cares and delivers outstanding service, I highly recommend Derek McGowan and his amazing team.Jim Jablonski American Financial Resources LLC.

Sofi T.

21:06 03 Mar 25

Derek and his team are wonderful to work with! Proactive, friendly and professional. I would highly recommend.

Teddy K.

14:02 03 Mar 25

Derek McGowan was fantastic to work with! He’s fast, detail-oriented, and made the entire loan process smooth and stress-free. Highly recommend him for anyone looking for a reliable and efficient loan officer!

Bill S.

03:37 03 Mar 25

Best mortgage company I’ve ever worked with. I would definitely recommend. Kept the word through the whole process. Thanks to all of you guys and gals!!

Wade H.

23:41 02 Mar 25

Derek McGowen and his team are the best in the business. As mortgage brokers they have access to endless loan options and best in market rates. If you want great service and experience look no further.

Vaughn K.

02:24 02 Mar 25

Robyn has been a pleasure to work with and has provided a great experience! She is very communicative and helpful and has lots of knowledge!

Jose G

19:57 01 Mar 25

Great experience working with the McGowan team. They were able to help me and my fiancé get qualified and were very helpful throughout the process.

Jarret S.

19:34 01 Mar 25

The McGowan crew was great!! After trying a few mortgage company’s that wouldn’t approve us for the amount we wanted I found McGowan. They immediately got us approved for the amount we wanted. They for sure have ways of helping people who may have particular situations in the home buying process. Everyone was so nice and helpful and the one thing I especially loved was the prompt updates they were always keeping me informed on what was happening with my loan throughout the whole process. Jess the processor was also exceptional and made that whole process extremely stress free when it came time to get everything in order for the underwriter. Thanks for everything!! If I ever buy another house in the future I will certainly be using McGowan!!

Frank P.

17:13 01 Mar 25

Easy to work with very professional great at returning text email and calls and closing the deal I will deff use them again

Coralee C.

16:41 01 Mar 25

After so long trying and so close to my rental lease ending, I was recommended to this wonderful team and they made it happen. In about 30 days I was approved and moved in to my new home! Very grateful and happy. Smooth process.. Definitely will recommend.

Taelor C

16:31 01 Mar 25

They made the whole process easy and kept me in the loop about everything! I definitely would recommend.

rory L.

06:49 01 Mar 25

Derek and his team are great! Always there to answer any questions. Needed to close on time and they delivered!

Joshua C.

23:19 13 Feb 25

Derek and his team were organized, responsive and got the job done for our mutual client. Great experience all around!

Dawn D.

21:44 13 Feb 25

I've worked with McGowan Mortgages on multiple occasions. They are the absolute best at keeping everyone involved in a transaction, very well informed in the mortgage process. These folks at McGowan Mortgages strive to make sure clients understand everything!!! I highly recommend them to anyone interested in purchasing a home!

Alicia S.

17:40 10 Feb 25

As a Realtor when working on a financed deal for a client, nothing is more important then timely response and accountability from the lender and MCGOWAN MORTGAGE offers both! Highly recommend!

Rachel T.

15:13 01 Feb 25

I had a fantastic experience refinancing my home with Derek and his team at McGowan Mortgages. They made the entire process quick and seamless, handling everything efficiently and with great care. The team was incredibly friendly and responsive, always available to answer my questions and keep me updated. I felt taken care of every step of the way, and they really went above and beyond to make sure everything was done right. Highly recommend them for anyone looking to refinance!

Janna H.

14:53 31 Jan 25

Amazing team with the fastest service I’ve ever seen. HIGHLY RECOMMEND!!

Don S.

Jacquelyn B.

01:05 25 Jan 25

So helpful for first time buyers! Great customer service and responds quickly with great tools and information for buying a home!

Dan H.

16:56 30 Dec 24

Derek and his team were great to work with. They constantly keep us up to date on the status of the loan and how things were progressing. They were very helpful and in constant communication.

Kim W.

01:17 27 Dec 24

My husband and I are extremely pleased and grateful for the awesome job that McGowan Mortgage did for us.With 11 days to close we decided to go with McGowan due to issues with our other lender. McGowan’s team jumped right in and got us to close on time.Their entire team is professional, knowledgeable and kept us informed every step of the way!Most importantly we appreciate Derek and his team for caring about us to get us the best interest rate.We will definitely use them again and tell our family & friends about their services.

reggie P.

05:24 26 Dec 24

Derek and his staff came through in clutch time! Under dyer circumstances they were able to get my clients closed in 7 days, and keep it 100% professional. I look forward to working with them again.

Lynn P.

18:24 24 Dec 24

Derek and his team are stellar. Their communication and follow up is awesome.The have access to some very outside the box lending options for some of the more unique buyers.Highly recommend them!

Alberto R.

01:07 24 Dec 24

Very easy to work with as I always say if McGowan mortgages can’t do it then no one can.

anthony P.

06:48 09 Dec 24

My experience with the McGowans Corp was such a blessing and a truly one of a kind Adventure. We couldn’t have possibly chosen a more professionalKnowledgeable and well versed company thatmade our interactions feel more like family truth be told. They made the entire process seamless from start to finish, I mean wow and their confidence prior to any paperwork signing let us know what they do, how they work, what to expect as far as some highs and lows of new home searching. I would choose them a thousand times with confidence and ease in knowing the end results would be the same. Thank youDerek and Thao!!

Betty B.

21:29 28 Nov 24

Super Mortgage Company. They worked with me to get my mortgage when no other company would. They were with me the whole way. Constant communication and making sure all was getting done satisfactorily. So grateful to all of you. Thank you!

Noah L.

20:51 25 Nov 24

Derek was very helpful in the overwhelming process of buying a house!

Ash Dow (.

17:57 23 Nov 24

Awesome team! Enjoyed working with them!

Togo

16:37 23 Nov 24

They were wonderful people to work with, very receptive, efficient and nice. :) buying my first home was made easy by McGowan!

Steven M.

01:30 06 Nov 24

After 22+ in the Navy, I retired as a disabled combat veteran. I just wanted to come back to my hometown, buy some dirt, and finish raising my family. McGowan Mortgages were able to make that dream happen for me. They were outstanding to work with, genuinely engaging, and very proactive. They went out of their way to get the best possible interest rate so I was able to maximize my purchasing power. Thank you McGowan Mortgages!

Chris H.

01:35 26 Oct 24

Easy, seamless process. Derek was always available by phone and explained everything, anytime, I had questions!

Job R.

22:07 24 Oct 24

Loved working with them in getting our home made it nice and smooth for me thank you guys again

Tyler S.

21:05 21 Oct 24

They went above and beyond to help us get into the home we found on a time crunch. Highly recommend Derek and his team.

Oleg S.

21:12 18 Oct 24

Brittany F.

01:01 18 Oct 24

Fabulous team across the board! Derek and his team will be there with you every step of the way, focused not only on getting the sale through, but making sure to get you the best rates out there. Will definitely be working with their team again when it's time!

Kitamwire 2.

04:18 11 Oct 24

As first time home buyers. Me & my wife were very pleased to have McGowan as our Mortgage broker. The staff members were very professional in guiding us through the paper works and always open for questions throughout the buying process. Made our first home buying experience much smooth. Definitely recommended to any potential home buyers. We are looking forward to refinance with them in the coming months.

Alisa C.

16:10 10 Oct 24

chantel C.

12:25 10 Oct 24

I am thrilled to share my experience with McGowan Mortgages, as they played a pivotal role in helping me purchase my first home after what had been a deeply frustrating journey with two other lenders. My previous attempts werefraught with delays and ultimately ended in heartbreak when both lenders denied my applications after months of waiting. It felt like I was stuck in a limbo, unsure if I would ever achieve my dream of homeownership.When I turned to McGowan Mortgages, I was greeted with a refreshing level of professionalism and genuine care. From the very beginning, they provided me with a clear and actionable plan to raise my credit score, which was crucialin securing my approval. I was able to move into my new home within just 2-3 weeks—an impressive turnaround compared to my previous experiences.What stood out most was the patience and understanding of the McGowan team, particularlyDerek, who worked tirelessly to ensure I was well-informed throughout the entire process. He was always available to address my concerns, no matter the time of day. This kind of support truly made a difference during atime when I felt overwhelmed by the complexities of home buying.Thanks to McGowan Mortgages, I secured an incredible deal: no money down and a competitive 5.2% interest rate. Additionally, when the seller requested more money for the extended wait caused by my previous lenders,Derek kindly offered me a $500 credit to help ease that burden. As a single mom and a veteran, this support was invaluable.I cannot thank Derek and the entire McGowan team enough for their dedication and commitment to helping me realize my dream of homeownership. They provided educational videos to guide methrough the process and kept me on track with timelines, making everything feel manageable and straightforward.In conclusion, I wholeheartedly recommend McGowan Mortgages to anyone seeking a lending partner. My experience was nothing short of exceptional, and I am now a proud homeowner because of their outstanding service. I would ratethem a firm 10 out of 10!

Terry B.

23:20 08 Oct 24

Buying our first home was an incredible experience thanks to McGowan Mortgage. From the very beginning, they were attentive, knowledgeable, and genuinely cared about our needs. Especially during the times we were ready to give up. They guided us through every step of the process, making it seamless and stress-free. We ended up finally finding the perfect house in a great neighborhood, all within our budget! Their expertise and dedication made a stressful process enjoyable. Highly recommend! ⭐️

Joe S.

17:03 04 Oct 24

Great service!

Luis M.

21:46 03 Oct 24

Had the best experience.

Caleb W.

00:39 02 Oct 24

Always going above

Subbley H.

22:41 01 Oct 24

My husband and I had a smooth experience with McGowan Mortgages after a challenging start. Their professionalism and patience made our first-time home buying process effortless. Highly recommended!

Steve N.

15:57 30 Sep 24

Team McGowan was great work with throughout the process. They are true advocates for their customers.

Chanita T.

05:10 27 Sep 24

Jessica was very helpful and knowledgeable about the whole process, patient with me being a 1st time home buyer she literally held my hand and walked me through the process will recommend McGowan Mortgages to my friends and family thanks for all you guys did for me

Jeff T.

23:16 10 Sep 24

Derek & team were great to work with! They were very responsive, answered my off-the-wall questions at any time of day, and helped me close faster than anticipated. I would definitely recommend others to work with Derek's team when looking for a house in the future!

matt O.

13:39 26 Aug 24

Fast, efficient, informative and always professional!

Jamie L.

13:10 26 Aug 24

McGowan Mortgages worked very hard to get the job done. The communication is excellent and all the staff were so very nice and efficient. I cant say enough about how grateful I am for this company.

Reginaldo G.

20:24 21 Aug 24

Excelente Servicio y Atención. Gracias

Katie B.

22:54 16 Aug 24

They are a great company to work with. As a First time home buyer with all the questions they answered all of them and were available anytime I needed.

Denise jane A.

01:23 15 Aug 24

The best Mortgage company

Adam S.

18:21 11 Aug 24

Buying my first home was terrifying enough but Derek and his team got me through it anxiety attacks and all. He made the impossible happen and I can't thank him enough.

Mel C.

16:26 08 Aug 24

I recently had the pleasure of working with McGowan Mortgages for my home, and I couldn't be happier with the experience. From start to finish, their team was professional, knowledgeable, and incredibly responsive.They guided me through the entire process with ease, explaining every step in detail and answering all my questions patiently. They were always available to address any concerns I had, which made me feel confident and supported throughout the process.McGowan Mortgages secured a fantastic interest rate for me, saving me a significant amount of money each month. Their dedication to finding the best possible deal for their clients is truly commendable.I highly recommend McGowan Mortgages to anyone looking for a mortgage or refinance. Their exceptional service, expertise, and commitment to their clients make them stand out from the rest. I am grateful for their assistance in making my refinance a smooth and successful experience.

Bank Statement Loan Rates and Lenders: Compare Your Best Options in 2026