Non-QM · Massachusetts
Bank-statement loans for self-employed Massachusetts borrowers.
Qualify on deposits instead of tax returns. 12- or 24-month statements, subject to underwriting.
Fastest way to start
Talk to us about a bank-statement / Non-QM loan in Massachusetts
We work Massachusetts files from Greater Boston to Worcester, Springfield, the North and South Shores, and the Cape and Islands.
- Have 12–24 months of statements handy.
- Tell us the Massachusetts town or price range.
- No rate, approval, or timing guarantees.
Licensed lender and broker. No rate, approval, or timeline guarantees.
Self-employed in Massachusetts
Massachusetts has a large independent workforce: biotech and tech consultants paid on 1099, building trades, seasonal Cape Cod businesses, and owners of small professional practices. Tax returns are designed to keep taxable income low, which is exactly what can make a conventional mortgage hard to get. A bank-statement loan looks at deposits instead.
How a bank-statement loan works
- Pick the statement period. 12 or 24 months of personal or business statements, depending on which better reflects your income.
- Calculate qualifying income. Personal statements usually count eligible deposits. Business statements usually apply an expense factor or use a CPA or tax-preparer letter.
- Underwrite the rest of the file. Credit, down payment, reserves, and the property are reviewed like any other mortgage, subject to the investor’s guidelines.
- Shop it. In Massachusetts, Forte Financial works as a licensed mortgage broker and shops your loan with our investor network to find the program that fits.
Loan amounts on these programs can go up to about $3 million, subject to credit, assets, and the property. Primary homes, second homes, and investment properties may all be eligible.
Who it often fits in Massachusetts
- Biotech, life-science, and software consultants on 1099
- Trades and general contractors
- Seasonal Cape and Islands business owners
- Owners of small professional practices
If your returns show a loss but your accounts show steady deposits, have the conversation before you assume the answer is no.
Massachusetts details worth knowing
Seasonal businesses show big summer deposits and thin winters. A 24-month statement period may reflect income more fairly than 12 months for those businesses. We will run both if the program allows.
What to have ready
- 12–24 months of statements for every account you want counted
- Proof you have been self-employed long enough, often two years
- Down payment and reserve statements
- A property address or a target price range
Programs, guidelines, and availability change and are subject to credit, income, property, and underwriting approval. Nothing here is a rate quote, a commitment to lend, or a guaranteed timeline. Massachusetts Division of Banks, MB-1892568.
Frequently asked questions
I run a seasonal business on the Cape. Will bank statements work?
They can. Underwriting averages deposits over the statement period, so 12 or 24 months of statements usually smooth out the seasonality. Big unexplained deposits may need a letter or documentation.
What credit score do I need?
It depends on the program, the down payment, and the loan size. Stronger credit and more down payment usually get better terms. We will tell you what we see after reviewing the file.
How long does a bank-statement loan take to close?
It varies with the property, appraisal, title, and how quickly statements and explanations come in. We will give you a realistic timeline for your file, not a guarantee.
Do I need tax returns for a bank-statement loan?
Usually not for qualifying income. That is the point of the program. You may still be asked for proof that the business exists, such as a CPA or tax-preparer letter or a business license.
Are you a broker or a lender?
In Massachusetts, Forte Financial works as a licensed mortgage broker and shops your loan with our investor network to find the program that fits. Massachusetts Division of Banks, MB-1892568.
Related pages
Also in Massachusetts: DSCR investor loans in Massachusetts · HELOCs in Massachusetts
Bank-statement loans in other states we serve: Connecticut · New York · New Jersey · Pennsylvania · Florida · South Carolina · North Carolina · Texas
Learn: Bank statement loan requirements for the self-employed · DSCR vs. bank-statement loans: which fits?
Bank-statement / Non-QM program overview → · All states and loan types →
Start with a call or the application.
Tell us about the Massachusetts property and what you are trying to do. We will tell you honestly whether Bank-statement / Non-QM fits.