Bank Statement Guide
What Interest Rates for a Bank Statement Loan?
Bank statement Non-QM rates are typically higher than conventional agency pricing — credit, LTV, loan size, and occupancy drive where you land.
Why Non-QM Pricing Differs
Bank statement investors price for flexibility — not the same risk profile as agency conventional.
What Moves Your Quote
Six levers that shift bank statement rate and APR before you lock.
Credit score
Tiered pricing
Higher FICO unlocks better rate sheets and LTV caps
LTV / down payment
Equity matters
More skin in the game often means a lower note rate
Loan amount
Size bands
Jumbo bank statement tiers price differently than conforming Non-QM
Occupancy
Primary vs. rental
Investment and second-home files commonly price higher
Reserves
Liquidity cushion
Thin reserves can add LLPA-style adjustments on some investors
Discount points
Buy-down option
Pay upfront to lower rate — breakeven depends on hold period
Quoted rates, APR, and lock terms are investor-specific and can change without notice.
How We Quote Bank Statement Rates
Ryan & Steve pull live Non-QM rate sheets matched to your credit, LTV, and occupancy — not generic online estimates.
We compare multiple bank statement investors so you see where deposit qualifying, reserves, and DTI land before you choose a path.
If conventional tax-return pricing is close, we show both side by side so you pick the program that fits your file — not just the lowest advertised rate.
Rate quote checklist
- — Confirm credit score and recent inquiries
- — Nail down LTV, loan amount, and occupancy
- — Review DTI from deposit income calculation
- — Compare lock timeline and point options
Keep Exploring
Related bank statement guides and Non-QM resources from Ryan & Steve.
What Credit Score Is Needed?
How score tiers interact with LTV and rate overlays.
How Much Down Payment Is Required?
Equity levels that unlock better pricing tiers.
Is a Bank Statement Loan Right for Me?
When deposit qualifying beats conventional or DSCR.
Bank Statement Loans Overview
Full program hub with guidelines and Get Pre-Approved CTAs.
2MG Daily
Related Blog Posts
Recent articles on bank statement financing, Non-QM options, and self-employed qualifying.
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Frequently Asked Questions
Are bank statement loan rates higher than conventional?
Usually yes — bank statement Non-QM rates typically sit above agency conventional pricing because investors take more documentation and credit risk. The gap varies with credit, LTV, loan size, and occupancy.
What moves my bank statement rate quote?
Credit score, down payment or LTV, loan amount, property type, occupancy, reserves, and whether you buy discount points all shift pricing. Self-employed deposit history and expense factors affect DTI, which can tier your rate.
Can I buy down the rate with points?
Many bank statement investors allow discount points to lower the note rate. Whether points make sense depends on how long you keep the loan — Ryan and Steve model break-even before you pay upfront fees.
How do rate locks work on Non-QM bank statement files?
Lock policies vary by investor — some allow locks after initial review, others after full underwriting approval. Extensions and float-down options are product-specific; we confirm lock terms before you commit.
Want a Real Bank Statement Quote?
Ryan & Steve will match your file to live Non-QM rate sheets — not generic online estimates.
The 2 Mortgage Guys
Ryan Minick and Steve DeLon — Branch Managers & Senior Loan Officers at Luminate Bank. Based in Kokomo, Indiana. Lending nationwide since 2005.
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
Luminate Bank NMLS# 1281698
Kokomo's Mortgage Team. Lending Nationwide.
1221 Appletree Lane, Kokomo, IN 46902
Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved.
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