Qualify with 12–24 months of deposits — not tax returns. Built for self-employed Indiana borrowers whose write-offs hide real cash flow.
A bank statement loan is a Non-QM mortgage that documents income from your actual deposits instead of W-2s or tax returns. Lenders review consecutive months of statements, average eligible deposits, and use that figure as qualifying income.
If you write off aggressively for taxes — equipment, vehicles, home office, depreciation — your taxable income can look too low for a conventional approval even when your business is healthy. Bank statement underwriting looks at cash flowing through the account.
Guidelines vary by investor, credit, and loan amount. This overview is educational — every file is reviewed against current product rules.
How income is figured
Eligible deposits (12 or 24 mo)
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Number of months
×
Program deposit factor
Result = monthly qualifying income used for DTI. Transfer-ins, refunds, and large one-time deposits are usually excluded.
From gathering statements to closing — without a traditional tax-return income calc.
Pull 12 or 24 consecutive months of personal or business bank statements — same account series, no gaps.
We average eligible deposits, apply the program expense or deposit factor, and arrive at qualifying income.
Credit, down payment, reserves, and occupancy determine which Non-QM investor fits your file.
Asset review, appraisal, and final conditions — then fund. Tax returns are not the income path.
Two documentation paths — we pick the one that maximizes usable income for your scenario.
Personal accounts
Best when business revenue lands in your personal account or you draw owner distributions that show as clear deposits. Programs often count a higher percentage of deposits as income.
Business accounts
Ideal when revenue stays in the business account. Underwriters apply an expense factor (or use a CPA letter in some programs) so deposit totals reflect realistic net cash flow.
Self-employed professionals whose tax returns do not reflect what actually hits the bank.
Not the right fit if…
Exploring other Non-QM options?
Underwriting follows cash in the account — not AGI after depreciation and deductions. That closes the gap between what your business earns and what a tax return shows.
Typical lookback: 12 or 24 months
Skip the traditional Schedule C grind that kills many self-employed approvals.
Primary, second home, or investment — program rules vary by use.
Many Non-QM investors support jumbo-sized balances when credit and equity fit.
Ryan & Steve walk your deposit history before you apply so surprises stay rare.
Common Non-QM bank statement ranges — your scenario may differ. We confirm exact numbers before you make an offer.
Statement history
12 or 24 months
Consecutive statements from the same account series
Credit profile
Mid-600s and up common
Stronger scores unlock better pricing and LTVs
Down payment
Often 10–20%+
Higher for investment or lower credit files
Reserves
Often 2–6 months PITIA
May rise with loan size or multiple properties
Property types
1–4 unit residential
SFR, condo (warrantable), and small multifamily
Loan purpose
Purchase or refinance
Rate/term and cash-out options on many programs
All loans subject to credit and property approval. Program guidelines vary by investor and change without notice.
A complete statement package speeds underwriting. Gaps, missing pages, or unexplained large deposits are the usual delays.
Start Your FileAll pages of 12 or 24 consecutive months — PDF downloads preferred over screenshots.
Government ID, signed 1003 application, and authorization for credit.
Articles, operating agreement, or ownership letter showing your percentage.
Statements for accounts used for down payment, closing costs, and reserves.
Fully executed agreement once you are under contract — or refi docs for existing property.
Mortgage Knowledge Center
Straight answers on deposit qualifying, tax returns, expense factors, reserves, rates, prepays, documents, and whether bank statement Non-QM is the right fit — written for Indiana self-employed borrowers.
Talk with Ryan and Steve about a bank statement pre-approval — we review your deposit history before you apply so the numbers make sense.