If you’re self-employed, you already know the problem. Your tax returns don’t reflect your real cash flow. This is exactly where we specialize. Our Bank Statement Mortgage programs are for business owners, entrepreneurs, 1099 earners, and professionals.
The Scenario: Strong Borrower, Wrong Income Calculation
Our borrower:
- Self-employed for 8 years
- 743 FICO score
- Renovating primary residence
- Wanted to keep their existing low-rate first mortgage
- Needed to access equity
- Loan amount: $525,000
- CLTV: 90%
Using the net income reported on tax returns, their debt-to-income ratio (DTI) was 57%. For most agency lenders, that’s a denial.
The Non-QM Bank Statement Solution
Instead of using tax returns, we qualified the borrower using 12 months of business bank statements. By analyzing actual deposits and applying an alternative income calculation, we established a much stronger income profile.
Result:
- DTI dropped from 57% → 41%
- CLTV remained at 90%
- $525,000 loan approved
- Borrower kept their low-rate first mortgage intact
- Renovation funds secured
Our Bank Statement Loan Guidelines
- Loan amounts: $50,000 – $5,000,000
- Minimum FICO: 660
- Primary residence: Up to 90% CLTV
- Second homes: Up to 85% CLTV
- Investment properties: Up to 80% CLTV
We offer several types of bank statement loan programs. For the best results and qualification, contact our office for more information.
