Loan programs
Loan programs
Business owners often write off expenses that lower the income on their tax returns. A bank statement loan looks at the deposits into your personal or business bank accounts over time to calculate your income instead.
Who it's for
What to know
Your income is calculated from a history of personal or business bank statements, not your tax returns.
Business accounts usually have an expense factor applied to the deposits. I'll show you which approach works best for you.
These are non-QM loans with their own guidelines for credit, reserves and property type. I'll walk you through them up front.
Not all borrowers will qualify. Programs subject to credit approval, eligibility and underwriting guidelines.
FAQ
It depends on the program. I'll tell you exactly what to gather for your situation.
Usually not for income. You'll typically show that your business has been operating for a while, such as with a business license or a letter from your CPA.
Tell me where you are today and I'll show you the clearest path forward.