For Self-Employed Borrowers

Bank Statement Loans

Qualify for a mortgage using your actual business bank statements instead of tax returns or W-2s.

Robin Thomas, Mortgage Broker & Advisor

Robin Thomas

Mortgage Broker & Advisor

NMLS #2453986

"I specialize in custom-tailoring this loan program to fit your long-term wealth goals."

(845) 499-9374

Robin.Thomas@edgehomefinance.com

Program Overview

Understanding the Bank Statement Loan Program

Traditional mortgage guidelines penalize self-employed borrowers, business owners, and independent contractors who write off business expenses on their tax returns.

A Bank Statement Loan allows you to qualify using the actual cash flow deposited into your business or personal bank statements over 12 or 24 months. We calculate your qualifying income based on average monthly deposits, allowing you to purchase a home in Houston, Sugar Land, or Pearland with ease.

Key Benefits of this Program

No Tax Returns Required

We completely bypass your tax returns, ignoring paper write-offs and depreciation.

True Income Calculation

Your qualifying income is calculated directly from the average monthly deposits of your bank statements.

Flexible Statement Options

Choose between 12-month or 24-month statement reviews depending on your business cycle.

High Loan Limits

Perfect for securing luxury or jumbo homes in premier communities like Sugar Land or The Woodlands.

General Guidelines & Qualifications

Typical benchmarks used across our 160+ lender network

Every file is unique, but here are the typical benchmarks used across our 160+ Lender Network:

Minimum 2 years of self-employment history
Minimum credit score of 620-660
10% to 20% down payment typically required
12 or 24 months of business or personal bank statements
Standard expense factor applied (typically 50%)
No NSF (Non-Sufficient Funds) in recent statements
Common Questions

Frequently Asked Questions

Q1

How do you calculate self-employed income from bank statements?

We review 12 or 24 months of deposits. For business accounts, we apply a standard expense factor (typically 50%, unless a CPA letter justifies a lower expense ratio) to the average deposits. For personal accounts, we typically count 100% of the transfers from your business account.

Q2

Can I use personal bank statements instead of business accounts?

Yes! If you transfer your business income into a personal account and pay your personal expenses from there, we can use 12 or 24 months of personal statements. This often results in a higher qualifying income because no expense factor is applied.

Q3

Do I need a CPA letter?

Most bank statement programs require a simple letter from your CPA, tax preparer, or bookkeeper confirming that you have owned the business for at least 2 years and verifying your current ownership percentage.

Ready When You Are

Let's see what a Bank Statement Loan looks like for your business.

Reach out for a free, no-pressure consultation and get a clear picture of your options.