We have lenders that will go all the way down to a 500 credit score. Keep in mind most self-employed mortgage lenders as with most all other self-employed mortgage lenders are most concerned with the applicants proving the ability and willingness to repay. With the lower credit score bank statement loans mortgage lenders like to see at least 12 months verified timely rental history and at least 3 months reserves. Reserves are defined as future mortgage payments held in the borrower’s bank account at the closing of the purchase. If the mortgage payments were $2000 per month the lender would like to see at least $6000 in your bank account as emergency money after the home purchase.