Bank statement loan programs are a great option for self-employed borrowers looking to purchase or refinance their home. You can use personal and/or business bank statements without requiring tax returns as a method to calculate income. The statements are used to prove the ability to repay the loan. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Bank Statement programs provide a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.