Under our Bank Statement Mortgage Program, borrowers can fully leverage that income when qualifying for a new residential or commercial loan.
Yes — Rental Income CAN Be Used to Qualify
Our Bank Statement program allows borrowers to use rental income from non-subject properties to help meet qualification requirements. This is especially beneficial for investors and business owners who maintain multiple rental units, vacation properties, or small commercial buildings.
We make the process simple
- 75% of Gross Rents Allowed:
We count 75% of the gross monthly rental income from any non-subject property.
- Less PITIA:
From this amount, we subtract the property’s PITIA (Principal, Interest, Taxes, Insurance, and HOA if applicable).
- Minimal Documentation:
Just provide proof of the most recent month’s rent received, no tax returns, no complicated schedules, no NOI calculations.
As leaders working with self-employed borrowers, we always find a lending solution that uses bank statements to qualify for a mortgage. We can use bank statements to qualify for either a purchase or a refinance. We suggest that you contact our office and speak with a mortgage specialist who can give you more information about our bank statement mortgages.
