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Program 06

Bank Statement / No-Doc in Colorado

Bank statement loans for Colorado investors who write off income.

Qualify on deposits rather than tax returns. Built for self-employed investors, contractors, and business owners whose returns understate what they actually earn. Colorado keeps the entity picture simple: a flat income tax and no franchise tax. Business-purpose only, and every structure is set in underwriting.

Bank Statement / No-Doc in Colorado from USA Mortgage
0
tax returns
No-doc
options
Self-employed
friendly
$3M
max loan

Typical figures, subject to underwriting and market conditions. Not a commitment to lend.

How it works

We can underwrite using 12 to 24 months of bank statements, or structure a no-doc loan that leans on the property and your reserves. It fits business owners, 1099 earners, and investors who don't fit a conventional income box.

Who it's for
Self-employed investors
Business and 1099 income
Investors with heavy write-offs
Personal name or LLC
Typical terms
Loan amount$100K to $3M
Income docsBank statements or none
PropertyInvestment / business-purpose
TermShort-term or 30-yr
CreditFrom 640
Down paymentFrom 20%
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Bank Statement / No-Doc in Colorado, answered.

How does Colorado tax a self-employed investor?
Simply, by national standards. The individual income tax is flat at 4.4% of federal taxable income, with temporary TABOR-triggered cuts in some years, so the exact figure can move a few hundredths year to year rather than staying pinned. Corporate income is taxed at the same flat 4.4%. There is no franchise tax, no gross receipts tax, and no entity-level net worth tax on LLCs, so a pass-through owner pays the flat individual rate, and a SALT-parity pass-through entity election exists. That means fewer moving parts than a graduated-rate or franchise-tax state puts in front of a self-employed borrower. It is not tax advice, and the pass-through election mechanics in particular are worth a conversation with a CPA who files Colorado returns.

Sources: leg.colorado.gov, taxfoundation.org

Why does a business-purpose loan sidestep Colorado consumer lending rules?
Because the statutes turn on purpose, not on collateral. CRS 5-1-301(15)(a) defines a consumer loan as one where the debt is incurred primarily for a personal, family, or household purpose, and 5-1-301(15)(b) excludes outright a loan made for a business, investment, or commercial purpose. So the Colorado Uniform Consumer Credit Code rate tiers and supervised lender licensing do not reach an investor loan. The mortgage originator licensing definition works the same way: CRS 12-10-702(21) defines a residential mortgage loan as one primarily for personal, family, or household use, so an investor loan on a 1-4 unit rental is not one. Purpose is a facts-and-circumstances question, which is why we document business purpose from the first page and do not lend on owner-occupied property.

Sources: colorado.public.law

What state-level costs should a Colorado bank statement borrower budget for?
Three lines, and only one of them is large. Conveyance is trivial: CRS 39-13-102 charges a documentary fee of one cent per $100 of consideration, so a $400,000 purchase costs $40 (400,000 divided by 100 = 4,000, times $0.01 = $40), and recording has been flat at $43 per document since July 1, 2025. There is no state transfer tax beyond the documentary fee. Title is where you can actually save, since Colorado rates are filed by each underwriter rather than promulgated by the state, so premiums differ by company and quotes are worth collecting. The large line is insurance. Colorado premiums have grown about 100.8% since 2020, the largest increase of any state, with hail responsible for 26% to 54% of premium depending on county. Quote the address before you write an offer.

Sources: colorado.public.law, clerkandrecorder.elpasoco.com, cpr.org

Which Colorado market fits a bank statement borrower best?
That depends on your price point, and it is a metro question rather than a state one. The state layer here, being the flat 4.4% income tax, the documentary fee, and the two-rate property tax calculation, applies identically statewide. Entry price does not: Denver, Colorado Springs, and Fort Collins sit at three different basis levels with three different rent and resale stories. Go to Denver bank statement loans, Colorado Springs bank statement loans, or Fort Collins for the market layer, then bring the deposits and the deal back here.
What credit score do I need for a Colorado bank statement loan?
Credit starts at 640 on this program. It is a real threshold, because qualifying on deposits rather than returns puts more weight on payment history. Above the floor, score mostly affects pricing and leverage rather than the yes or no, and there is no hard credit pull to start. We work from bank statements, or in some structures no income documentation at all. Subject to underwriting.
How much do I put down on a Colorado bank statement loan?
From 20%. On a $500,000 Colorado purchase at 80%, that is $400,000 from us and $100,000 from you (500,000 x 80% = 400,000), before closing costs. Loans run $100,000 to $3,000,000. Add the documentary fee, the $43 per document recording charge, and a bindable insurance quote to your sheet, since the hail line moves the payment more than most borrowers expect. Subject to underwriting.

More Bank Statement / No-Doc questions, answered on the program page

Resources

Guides for Bank Statement / No-Doc

Rental / DSCR · 5 min read
What Is a DSCR Loan? How Investors Qualify on Rental Income
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Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
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Bank Statement / No-Doc · 5 min read
Bank Statement and No-Doc Loans for Self-Employed Investors
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Rental / DSCR · 5 min read
How to Finance a Rental Property in an LLC
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About the local figures on this page

Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.

Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-12.

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