Bank Statement Mortgage Loans: The Right Fit for Self-Employed Borrowers
Unlock homeownership or portfolio growth by using your cash flow instead of tax returns. Our Non-QM Bank Statement Loans simplify income verification for self-employed professionals, allowing you to qualify based on deposits.
I. Why Traditional Loans Fail Self-Employed Borrowers
If you're self-employed, an independent contractor, or a commissioned professional, you know the power of tax deductions. While smart for business, these deductions often reduce your reported taxable income to a level that makes qualifying for a traditional (QM) mortgage impossible.
The Bank Statement Loan Program is a Non-Qualified Mortgage (Non-QM) solution designed to look past the line items on your 1040 and assess your true borrowing capacity based on your actual cash flow through bank deposits.
Who is This Program For?
- Self-Employed Individuals and Business Owners
- Borrowers who receive 1099 Income
- Professionals with high commission income
- Those who file extensive business deductions
- Real estate investors with complex financial structures
Documentation Alternative
INSTEAD OF:
- Two years of Personal Tax Returns (1040)
- W-2s or Pay Stubs
- Schedule C or K-1 forms
WE USE:
- 12 or 24 Months of Bank Statements (Personal or Business)
II. How Bank Statement Income Verification Works
Statement Duration
Choose between 12 or 24 months of statements. A longer period may provide a more stable average income.
Business Deposits
If using business accounts, we typically apply a 50% expense factor, recognizing half of the gross deposits as income.
Personal Deposits
If using personal accounts, a 100% factor of qualified deposits may be applied, resulting in higher recognized income.
Average Monthly Income
We sum the qualified deposits and divide by the number of months to establish your verified monthly income for DTI.
III. Program Flexibility and Requirements
Eligible Property Types & Loan Uses
This flexible program is perfect for all real estate needs:
- Primary Residence: Purchase or Refinance your main home.
- Second Home: Perfect for a vacation property.
- Investment Properties: Including 1-4 unit multi-family homes.
- Loan amounts available up to $5,000,000 for high-value properties.
Quick Qualification Facts
Your financial stability is still key, assessed through credit history and available capital:
Min. Credit Score
640
Min. Down Payment
10%
Maximum LTV
90%
Loan Amounts Up To
$5M+
Tired of Tax Return Obstacles?
Let AAA Capital Funding turn your business success into borrowing power.
Our team specializes in Non-QM underwriting and will guide you through the Bank Statement process quickly and efficiently.
Verify Your Income with Bank Statements
Contact Jason J. Sarji and the Team Today: 888-601-8344 | 954-390-7994 | NMLS #374739.