Income proven by deposits, not tax returns.
12 to 24 months of personal or business bank statements used to establish income — built for self-employed borrowers and 1099 earners.
You earn $300,000 and write off enough that your return shows $90,000. A bank underwrites the $90,000 and tells you what you can afford based on a number that has nothing to do with your life. Bank statement programs look at what actually lands in the account.
The lender averages qualifying deposits across the period and applies an expense factor for business accounts — often around 50%, sometimes lower with a CPA letter or a P&L. Personal accounts are usually treated more directly. Which structure works best depends on how your money moves.
Rates sit above conventional and down payments are larger. But for a business owner who's been declined by two banks on paper income, it's frequently the difference between owning and not.
Fifteen minutes and you'll know — including if the answer is a different program entirely.
Usually 12 or 24. Twenty-four months often earns better pricing because it demonstrates more consistency.
Either, and sometimes both. Business accounts typically have an expense factor applied; personal deposits are often counted more directly. The right choice depends on how your income flows.
Generally not for qualifying income — that's the point of the program. A CPA letter is sometimes requested to confirm the business and its expense ratio.
Fifteen minutes on the phone will tell you more than an hour of reading. No pressure, no obligation.