Bank statement loans: More mortgage options for self-employed buyers and homeowners as rates ease
Summary
This article discusses bank statement loans, which allow self-employed individuals and business owners to qualify for a mortgage using bank statements instead of traditional documentation. Hosts who are self-employed or have variable income may find this helpful for purchasing or refinancing a home, opening up new financial options.
Key Insights
- •Mortgage rates have been hovering near 2025 lows, with the average 30-year fixed at 6.22% (Dec 11, 2025), down from 6.60% a year earlier.
- •Bank statement loans allow borrowers to qualify using bank statements (often 12–24 months) instead of W-2s, pay stubs, or tax returns. This is commonly used by self-employed borrowers, business owners, 1099 earners, and commission-based professionals.
Action Items
- ✓Consider refinancing if you want to reduce your rate and payment, consolidate high-interest debt, or switch from an adjustable structure to a fixed one for stability.Effort: mediumImpact: medium
Tools & Resources
- →Freddie Mac: Freddie Mac's weekly survey
Related News
32.5% of 2025 Airbnb Market Searches Focused in Just 3 US States: Chalet Data Reveals Sun Belt's Enduring Pull - TMX Newsfile
Data from Chalet reveals that 32.5% of Airbnb market searches in 2025 were concentrated in just three US states, highlighting the continued popularity of the Sun Belt. This information is crucial for hosts as it indicates where demand is strong and may influence investment and pricing strategies. Consider focusing your listings in high-demand areas, or adjusting pricing to capture increased demand.
How long does it take to save for a down payment in 2025?
According to a Realtor.com report, the time it takes to save for a down payment in the US is about 7 years, though this varies greatly by location. Hosts in high-cost markets should be aware of these trends as they affect the affordability of properties and potential investment returns.
Fannie Mae and Freddie Mac’s Campaign to Lower Mortgage Rates
Fannie Mae and Freddie Mac are increasing their mortgage-backed securities holdings, potentially lowering mortgage rates. This could impact your investment strategy as lower mortgage rates might influence property values and buyer behavior. Keep an eye on the 10-year Treasury rate.
U.S. Travel 2025: Who Came, Who Stayed Away — and Which States Lost
International travel to the U.S. has decreased, with declines from Europe and Asia. Hosts should monitor travel trends and consider how these shifts might impact occupancy and revenue, especially in markets reliant on international guests.