Alternative income review
Qualifying deposits over the lender’s required statement period may be analyzed to calculate eligible monthly income.
Apply securelyBank-statement loans
A mortgage path that can better reflect self-employed cash flow.
Eligible self-employed borrowers may be able to use qualifying personal or business bank-statement deposits to document income when tax returns do not fully represent the strength of the business.
Start with the scenario
Designed for qualified self-employed borrowers.
Straight Deal Mortgage can compare eligible programs across a broad wholesale network and help identify the documentation and execution path that fits the complete transaction.
How the program works
Qualification built around the right information.
Personal or business statements
Depending on the program, eligible personal statements, business statements or a combination may be reviewed.
Scenario-specific comparison
Expense factors, ownership percentage, credit, reserves and property rules differ across lenders and can materially affect qualification.
A clearer path forward
What to expect.
- 01
Review the business profile
Discuss ownership, time in business, deposit patterns, property goals and the documentation currently available.
- 02
Analyze eligible statements
Identify recurring qualifying deposits, transfers, unusual activity and the applicable business-expense treatment.
- 03
Compare program options
Review potential loan structures, documentation, reserves, down payment or equity and pricing across eligible lenders.
- 04
Complete lender underwriting
Provide required statements and supporting borrower, business, asset, credit and property documents for final review.
Common questions
Answers before you apply.
How many months of bank statements are required?
Requirements vary by lender and program. Common options analyze a defined history of personal or business statements, and the exact period should be confirmed for the scenario.
Can business bank statements be used?
Some programs accept eligible business statements. The lender may apply an expense factor or require documentation supporting a different business-expense calculation.
Are tax returns always excluded?
Bank-statement programs are designed as alternative documentation, but lenders may still request tax, business, ownership or other records when required by the specific program or underwriting review.
Can bank-statement loans be used for a primary residence?
Eligible primary residences, second homes and investment properties may be considered depending on the lender, occupancy, transaction and jurisdiction.
Continue researching
Read the detailed mortgage guide.
Learn the terminology, common documentation, potential tradeoffs and questions to ask before choosing a program.
Program terms, documentation, pricing, lender participation, property eligibility and availability vary by transaction and jurisdiction and may change without notice. All loans are subject to application, credit approval, property review, underwriting requirements and applicable law. This is not a commitment to lend.