A 12-month bank statement loan is faster and can reflect a recent income jump; a 24-month version smooths out seasonality and may price slightly better. The best choice depends on whether your last year was stronger or steadier than the prior one.
When 12 months wins
Choose 12 months if your income recently grew, your business is newer, or the last year better represents your current earnings. Fewer statements to gather, too.
When 24 months wins
Choose 24 months if income is seasonal or lumpy — averaging two years smooths spikes and dips, and some lenders reward the longer look with better pricing.
How we decide with you
We calculate your qualifying income both ways and pick the one that maximizes approval and pricing. See what is a bank statement loan.
Frequently asked questions
Is a 12-month or 24-month bank statement loan better?
It depends on your income pattern — 12 months for recent growth or a newer business, 24 months for seasonal income. We calculate both and pick the stronger.
Do 24-month bank statement loans have lower rates?
Sometimes slightly, because the longer history lowers lender risk. The difference varies by lender.
Can I use business or personal accounts?
Both are allowed on most programs; the expense factor applied differs between personal and business accounts.