Skip to main content
Apply nowApply now
Direct private lending in most states
Call us anytime at 512-617-9400
Program 06
Bank Statement / No-Doc in St. Louis
St. Louis bank statement loans for self-employed investment income.
Built for self-employed investors whose tax returns don't tell the whole story. We qualify on bank-statement cash flow or on the asset itself, with no W-2s and no tax returns, so write-offs and a complex return don't work against a strong borrower. St. Louis runs on a small number of large anchors, the BJC and Washington University medical corridor, the Cortex innovation district, and Boeing's north-county defense work, and the subcontractors and consultants around them are exactly the earners a conventional lender's tax-return underwrite misses. Business-purpose only, and every structure is set in underwriting.
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%
*Typical terms, subject to underwriting and market conditions.
Run your Bank Statement / No-Doc numbers.
Pressure-test the deal in seconds with our free bank statement income calculator, no sign-up required.
Local FAQ
Bank Statement / No-Doc in St. Louis, answered.
Who in St. Louis actually uses a bank statement loan instead of a conventional one?
Self-employed operators around St. Louis's big institutional anchors, not W-2 employees. BJC Health alone reports more than 48,000 employees across 24 hospitals, and BJC and Washington University anchor the Central West End medical corridor; the 200-acre Cortex Innovation Community sits in the central corridor beside them. Boeing Defense is expanding a $1.8 billion facility near Lambert in north St. Louis County to build the F-47 fighter, with the county approving tax breaks tied to a guarantee of 500 new jobs. Institutions this size run on a layer of subcontractors, vendors and consultants whose tax returns understate what they actually bring in. We read 12 to 24 months of bank deposits instead.
I subcontract or vend work tied to Boeing's F-47 expansion in north St. Louis County. Does that income count?
Yes, if it shows up in your bank deposits, we can read it. Boeing won the F-47 next-generation fighter contract in March 2025 and is building a new facility near Lambert as part of a $1.8 billion north-county expansion, with St. Louis County approving tax breaks tied to 500 new high-paying jobs. Defense manufacturing expansions like this run heavy on subcontractors and vendors, which is exactly the income a conventional lender's W-2 and tax-return underwriting misses. We qualify on 12 to 24 months of bank-statement cash flow instead, or on the asset itself.
I'm a self-employed contractor who picked up rebuild work after the 2025 north city tornado. My billing has been lumpy. Does that work against me?
No. Lumpy contractor billing is what this program is built to read. An EF3 tornado crossed north St. Louis City on May 16, 2025, tracking more than 12 miles and damaging or destroying roughly 5,000 properties, and insurers were still processing claims and payouts months later. Rebuild and repair work that follows an event like that pays out in large, uneven draws tied to completed work and released claims, not a steady paycheck, which reads as unstable to a conventional two-year-average underwriter. We read your actual bank deposits over 12 to 24 months instead of smoothing your income into an average that doesn't match how the work actually paid.
My small business operates inside the City of St. Louis and files an E-234 for the 1% earnings tax. Does that hurt my bank statement loan?
No, and it can actually help. Businesses located in the City of St. Louis, and non-resident businesses performing work in it, are required to pay the 1% earnings tax on net business profit except those exempted by law, and the Form E-234 filing requirement reaches an LLC. A conventional lender underwrites off that after-tax, after-write-off net profit line on your return. We don't. We read your bank deposits directly, so the earnings tax and any deductions that shrink your reported net profit don't shrink your qualifying income here. Confirm your own E-234 filing status with the Collector of Revenue; that's a tax question for your CPA, not a loan question.
Does it matter for qualifying whether my business is based in the City of St. Louis or in St. Louis County?
Not for how we qualify you, but it is worth knowing either way. We read bank deposits the same way regardless of which side of the city line your business sits on. The difference is what lands in those deposits before you ever apply: a business operating inside the City of St. Louis files an E-234 and pays a 1% earnings tax on net profit, while no equivalent earnings tax was located for St. Louis County. That's a real difference in what you keep, not in how a bank statement loan reads your income.
FAQ
Bank Statement / No-Doc questions, answered.
What is a bank statement loan, and how is it different from a no-doc loan?
A bank statement loan qualifies you on 12 to 24 months of business or personal bank deposits instead of tax returns, which suits self-employed borrowers whose returns understate their real income. A no-doc (or no-ratio) loan goes further and leans on the property and your reserves rather than any income calculation. Both are business-purpose loans for investment property, not consumer mortgages.
Do I really not need tax returns or W-2s?
Correct. We do not ask for tax returns, W-2s, or pay stubs on these programs. We verify the deal, your credit, and either your bank-statement cash flow or your reserves, depending on the structure. It is built so write-offs and a complex return do not work against a strong borrower.
Who is a bank statement or no-doc loan best for?
Self-employed investors, business owners, and 1099 or commission earners whose write-offs shrink their taxable income. If your bank deposits tell a stronger story than your tax return, this is usually the right fit.
What credit score and down payment do I need?
We lend from a credit score of 640, with the best terms going to stronger credit, and a down payment starting around 20%. Across the market these programs often want 660 or higher and 20% to 30% down. Stronger credit and more equity improve both your rate and your leverage.
What rates and terms can I expect?
Pricing is higher than a fully documented conventional loan because the lender takes on more uncertainty, and it varies with your credit, leverage, and the structure. We offer both short-term and long-term options, so we match the term to whether you are flipping, bridging, or holding.
Can I close in an LLC?
Yes. These are business-purpose loans and routinely close in an LLC or other entity. Holding investment property in an entity is standard and often preferred.
Resources
Guides for Bank Statement / No-Doc
Rental / DSCR · 5 min read
What Is a DSCR Loan? How Investors Qualify on Rental Income
Read the guide Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
Read the guide Bank Statement / No-Doc · 5 min read
Bank Statement and No-Doc Loans for Self-Employed Investors
Read the guide Rental / DSCR · 5 min read
How to Finance a Rental Property in an LLC
Read the guide Compare
Bank Statement / No-Doc vs. other options
More in St. Louis
Other programs in St. Louis
Fix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
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.
Funding St. Louis deals fast.
Get real terms, usually same day. No obligation, no hard credit pull to start.