Ask five lenders how much more a bank statement loan costs, and you may get five different answers. That is not a dodge. It is the honest state of the data. No government dataset tracks bank statement loans as their own category, so no one, including us, can hand you one verified number. What we can do is show you the range lenders report, and pair it with one real, published fee so you have at least one side of the comparison in hard dollars. If you have not read how a bank statement loan works yet, start there; this page picks up where it leaves off.
The reported range
Bank statement loans price above a comparable full-documentation loan. We are not going to print a range for how much, because we could not find a published source that states one, and an unsourced number on a page about your money is worse than no number. Get quotes from two or three lenders who write these, and compare them against a full-documentation quote for the same loan.
Why such a wide range, and why can no one narrow it? A bank statement loan is Non-QM, a loan that does not meet the Qualified Mortgage rule. Fannie Mae and Freddie Mac will not buy it. So it gets funded and later sold in the secondary market, the market where lenders sell closed loans to get cash to lend again. A Non-QM loan usually costs a lender more to fund there than a loan Fannie Mae or Freddie Mac would buy. That higher funding cost is a main reason the rate premium exists at all, but the exact amount shifts with each lender’s own investors and pricing that day.
One real number: the conventional side
While the bank statement premium stays a reported range, a standard conventional loan’s fee is public. Freddie Mac publishes a fee grid called Exhibit 19, and every conventional lender starts from it. The fee is a percent of your loan amount, based on your credit score and your loan to value, which is your loan amount divided by the home’s value.
Take an example: a $320,000 loan, a 700 to 719 credit score, and a 75% loan to value, meaning a 25% down payment. Freddie Mac’s base grid puts this fee at 0.875% of the loan amount, or about $2,800. That number is real and published. It is a fee, not the interest rate itself, and a lender is free to price it into your rate, your closing costs, or both.
| Conventional loan | Bank statement loan | |
|---|---|---|
| What we can show | A real, published fee: about $2,800. | Nothing published. Pricing comes from a quote. |
| Source | Freddie Mac Exhibit 19, base grid. | Multiple lender and industry reports, 2026. |
| Verified? | Yes, a public guide. | No, self-reported by the companies selling the loan. |
The conventional number on the left is a real published fee. The range on the right is what non-QM lenders report about their own pricing, and it is not something we can verify or promise.
What pushes you toward either end of the range
Whatever premium you are quoted is not one fixed number. A few things tend to push a borrower toward the lower end. A strong credit score helps, the same way it helps on a full-documentation loan. A bigger down payment helps too, since it lowers the lender’s risk. A 24-month bank statement lookback, with two full years of deposits to review, often prices better than a 12-month lookback.
The other end of the range tends to catch borrowers with a lower credit score, a smaller down payment, or income from a business type a lender sees as less predictable. None of these rules are published as exact cutoffs. They come from how non-QM pricing works in general, not a single guide you can read line by line the way you can with a conventional fee grid.
Why we will not link you to a live rate page
Some lender websites post a specific bank statement rate, dated to a particular week. We are not linking to those pages here. A live, dated rate on someone else’s site can look like a quote we are relaying, and it is not. Rates change often, by lender and by day, so the only rate that matters is the one written on your own Loan Estimate.
What this means for you
Use the reported range as a planning tool, not a final answer. If a bank statement loan is your only realistic path, expect a rate somewhere above what a full-documentation loan would offer the same borrower, roughly half a point to two points higher by industry accounts, and confirm the real number with more than one lender. If your tax returns are the reason you are looking at this loan type in the first place, this site’s article on how lenders read your tax returns is worth reading too, since a full-documentation loan may cost less than you expect.
On this site’s $320,000 conventional example, at 6.5% with 1 point, principal and interest run about $2,023 a month. Held five years that loan costs roughly $104,112 in interest, points, and fees; held the full 30 years it is about $411,342. Try the bank statement loan calculator or the site’s broader guide for self-employed borrowers to put your own numbers against these. A bank statement loan on the same amount, at a higher rate, would push both of those totals up. How much depends on your own credit score, your down payment, and the lender you ask, which is exactly why getting more than one quote in writing matters here more than most loan types.