A Bank Statement Mortgage for a self-employed individual is a Mortgage that is qualified with their business bank statements. Some businesses have high expense ratios and although gross income may be significant, after all expenses net income is not enough to qualify. This is when we utilize bank statements. Deposits are counted as income with this type of loan. In some cases only 3 months bank statements are required and in most cases 12-24 months of bank statements are required in order to qualify for a mortgage. This type of qualifying is reserved for Self Employed persons only, W2 is not an acceptable income source. With this qualifying method, conventional loan limits do not apply.