Bank statement loans qualify self-employed borrowers on 12-24 months of business or personal bank deposits. Ideal when your tax returns understate your true cash flow.
12 or 24 months of statements
10-20%
660
$3M+ on many programs
For business accounts, we add total qualifying deposits and multiply by an expense factor (usually 50%, sometimes 25-75% based on CPA letter). Divide by 12 or 24 for monthly qualifying income.
No. Underwriters strip internal transfers, loan proceeds, and other non-business deposits before calculating income.
A general contractor whose tax returns showed $71,000 of net income while the business banked far more.
Qualifying income was roughly five times what the tax returns supported, which turned a conventional decline into an approval.
A solo consultant paid into a personal account, with no business entity and clean deposit history.
Personal-account programs count deposits at full value, so the qualifying income was materially higher than a business-account structure would have produced.
Examples are illustrative composites of typical files, not offers of credit or guarantees of terms. Your actual options depend on your credit, income, property, and current market pricing.