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10 Best Bank Statement Mortgage Lenders in Tennessee

This ranking identifies the top 10 bank statement mortgage lenders serving Tennessee borrowers who cannot qualify through traditional income documentation. It is designed for self-employed homebuyers, real estate investors, and 1099 earners who need flexible alternative-doc lending solutions. Each lender is evaluated on program depth, Tennessee market presence, loan flexibility, and fit for non-traditional income borrowers.

LoanWise Editorial Team

Isometric scene of a Tennessee cityscape with residential homes, a mortgage office, and small figures reviewing bank statement documents outside.

Tennessee's real estate market has grown significantly in recent years, with metros like Nashville, Memphis, Knoxville, and Chattanooga attracting both owner-occupant buyers and real estate investors at a consistent pace. Rising property values and a diverse economy that includes a strong small business and self-employment base have created a substantial demand for mortgage products that go beyond standard W-2 documentation requirements.

For self-employed borrowers, independent contractors, and real estate investors, bank statement mortgage loans offer a critical alternative to conventional income verification. Rather than relying on tax returns — which often understate actual cash flow due to business deductions — bank statement loans allow borrowers to qualify using 12 to 24 months of personal or business deposit history. This approach better reflects real earning capacity for many Tennessee borrowers operating outside traditional employment structures.

The non-QM lending space in Tennessee is served by a mix of lender types, including:

  • State-targeted specialty lenders with Tennessee-specific mortgage pages and local market knowledge
  • National non-QM specialists with deep alternative-doc product menus
  • Wholesale and correspondent lenders distributing programs through mortgage brokers
  • Bank-backed institutions offering portfolio flexibility alongside conventional products

This ranking evaluates lenders based on factors including their bank statement program depth, Tennessee market positioning, maximum loan amounts and leverage, income documentation flexibility, property use coverage, and overall fit for self-employed and investor borrowers. Whether you are purchasing a primary residence, financing an investment property, or pulling cash out through a refinance, understanding which lender aligns with your documentation profile and financing goals is the first step toward a successful mortgage.

#1

Truss Financial Group

Tennessee-focused lender with broad bank statement options

Bank Statement Docs

12-24 months

Core Programs Listed

8+

States Targeted Here

1

Property Use Types Highlighted

Owner-occupied and investor

Truss Financial Group stands out for Tennessee borrowers seeking bank statement financing with a locally targeted mortgage page and a wide menu that also includes DSCR, ITIN, HELOC, FHA, VA, USDA, and THDA options. It is especially relevant for self-employed borrowers who want both alternative-doc flexibility and conventional agency alternatives in one place.
#2

Mbanc

Statewide Tennessee non-QM lender for self-employed borrowers

Bank Statement Docs

12-24 months

Primary Non-QM Programs

5+

Property Occupancy Types

3

State Coverage

Statewide Tennessee

Mbanc has a strong Tennessee non-QM focus with statewide messaging built around bank statement, 1099, DSCR, asset-utilization, and foreign national lending. It is well positioned for self-employed business owners, investors, and jumbo borrowers who need more flexible income treatment than standard agency loans.
#3

Griffin Funding

National lender with strong Tennessee bank statement offering

Phone

855-762-0042

Bank Statement Docs

12-24 months

Max Loan Amount

$4.5 million

Transaction Types

3

Griffin Funding offers a direct Tennessee bank statement loan page with purchase, refinance, and cash-out refinance options tailored to self-employed borrowers. Its published use of personal or business bank statements and higher balance financing makes it attractive for borrowers needing larger non-QM loan amounts.
4
#4

Brokers First Funding

Wholesale Tennessee non-QM partner for bank statement loans

NMLS

243082

Phone

(866) 226-2205

Max Loan Amount

$4 million

Max LTV

90%

Bank Statement Docs

12-24 months

Brokers First Funding is a strong Tennessee choice for brokers seeking wholesale bank statement execution, with a state-specific page and published max leverage and loan size. Its platform is best suited to broker-originated self-employed and investor business where alternative documentation is central.
5
#5

Newfi Lending

Non-QM specialist with consumer-direct alternative income programs

Core Alt-Doc Programs

4+

Income Methods Highlighted

Bank statements, 1099, assets, ITIN

Channel Focus

Consumer-direct and mortgage lending

Property Use Coverage

Owner-occupied and non-QM scenarios

Newfi Lending is a recognized non-QM lender offering bank statement, asset-utilization, 1099, and ITIN mortgages for borrowers needing flexible income documentation. It ranks well for Tennessee because its product set aligns closely with self-employed borrower needs, even though its Tennessee page presence is less explicit than top-ranked state-targeted lenders.
6
#6

Angel Oak Mortgage Solutions

Established wholesale non-QM lender for self-employed scenarios

Distribution Model

Wholesale

Core Alt-Doc Programs

Bank statement and non-QM suite

Borrower Type Focus

Self-employed

State Relevance

Tennessee via broker network

Angel Oak Mortgage Solutions is a well-known non-QM lender with bank statement programs distributed through approved mortgage brokers. It is especially relevant for Tennessee borrowers working with a broker who want a seasoned wholesale lender focused on self-employed and alternative-income underwriting.
7
#7

Deephaven Mortgage

Pure-play non-QM lender with broker-driven bank statement loans

Distribution Model

Wholesale/correspondent

Business Focus

Non-QM mortgages

Core Alt-Doc Use

Bank statement financing

Borrower Access

Through mortgage professionals

Deephaven Mortgage is a pure non-QM lender and a logical Tennessee option for borrowers working through mortgage professionals on bank statement and other alternative-doc files. Its specialization makes it especially useful when standard conforming income documentation does not reflect true borrower cash flow.
8
#8

A&D Mortgage

National non-QM lender with broad alternative-income programs

Core Alt-Doc Programs

3+

Program Types Named

Bank statement, 1099, asset-based

Business Model

National mortgage lender

Audience Fit

Borrowers and financing professionals

A&D Mortgage offers bank statement, 1099, and asset-based mortgage products that align well with Tennessee self-employed borrowers and mortgage professionals. Its non-QM depth and national scale make it a practical option where flexibility matters more than branch-based retail banking.
9
#9

Northpointe Bank

Bank-backed mortgage lender with select portfolio flexibility

Institution Type

FDIC-insured bank

Alt-Doc Programs

3+

Income Options Named

Bank statement, asset depletion, P&L

Lending Scope

National mortgage and banking platform

Northpointe Bank brings a bank platform to borrowers needing select portfolio non-QM products such as bank statement, asset-depletion, and P&L options. It ranks for credibility and breadth, though its bank statement emphasis is less front-and-center than dedicated non-QM specialists.
10
#10

Newrez

Large national mortgage company with non-QM capabilities

Institution Scope

National mortgage company

Program Relevance

Non-QM including bank statement

Audience Fit

Self-employed borrowers

Platform Breadth

Broad residential mortgage menu

Newrez makes the top 10 on scale, reputation, and its ability to serve borrowers needing bank statement solutions within a larger mortgage platform. It is best for Tennessee borrowers who value a major lender footprint, though its bank statement positioning is less specialized than dedicated non-QM competitors.

●Conclusion

Selecting the right bank statement mortgage lender in Tennessee requires more than identifying who offers the product — it means finding the lender whose specific program terms, documentation requirements, and channel model best match your borrower profile and transaction type. The lenders in this ranking span a wide range of orientations, from state-targeted specialists with broad home loan menus to wholesale-only platforms best accessed through a mortgage broker.

When comparing your options, consider the following evaluation factors:

  • Statement period requirements: Most lenders in this ranking accept 12 or 24 months of bank statements, but how deposits are calculated and what expense factors are applied can vary meaningfully and affect qualifying income.
  • Maximum loan amounts and LTV: Loan ceilings and allowable leverage differ across lenders. Borrowers targeting higher-balance financing or seeking to minimize down payment should verify published limits directly with each lender.
  • Transaction types supported: Not all lenders equally support purchase, rate-and-term refinance, and cash-out refinance within their bank statement programs. Confirm your transaction type is explicitly covered.
  • Property use and occupancy: Whether you are financing a primary residence, second home, or investment property can determine which lenders are a strong fit, as some programs are restricted by occupancy type.
  • Access model — retail vs. wholesale: Some lenders in this ranking are consumer-direct while others operate exclusively through mortgage brokers. If you are working with a broker, wholesale-oriented lenders may offer competitive execution. If you are approaching lenders directly, consumer-direct platforms are a better fit.
  • Tennessee-specific presence: Lenders with dedicated Tennessee landing pages, state-licensed teams, or local market knowledge may offer a smoother experience for Tennessee transactions compared to lenders with only a general national presence.

Because bank statement mortgage programs are not standardized the way conventional conforming loans are, terms can vary significantly from one lender to another. Comparing at least two to three options — and ideally consulting a mortgage professional familiar with the Tennessee non-QM market — will help you identify the most competitive rate, structure, and qualification path for your specific situation.

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