A Bank Statement Home Loan is a flexible mortgage option designed for self-employed borrowers, freelancers, and business owners who may not qualify using traditional income documents. Instead of tax returns or W-2s, lenders use 12 to 24 months of bank statements to verify income and assess eligibility. These loans can be used for home purchases, refinances, and investment properties, and are ideal for borrowers with non-traditional income sources. While they offer greater flexibility, they typically require higher down payments and interest rates than conventional loans.