Bank Statement Loans Mastery
Strategic mortgage solutions for self-employed leaders and business owners.
Qualification Matrix
| Requirement | Executive Tier | Flexible Tier |
|---|---|---|
| Credit Score | 700+ | 620 - 699 |
| Down Payment | 10% - 15% | 20% - 25% |
| History Required | 24 Months | 12 Months |
| Cash Reserves | 6 Months | 12 Months |
The Calculation Logic
Our underwriters apply a Standard Expense Factor to your total deposits. See the calculation below:
Annual Business Deposits $300,000
Industry Expense Factor (40%) -$120,000
Net Qualifying Income $180,000
Monthly Qualifying Income $15,000
Strategic Assessment
🟢 Primary Advantages
- No tax returns required.
- Loan based on actual cash flow.
- Tax write-offs don't affect approval.
- Simple and fast underwriting process.
🟡 Important Considerations
- Interest rates may be 0.5% - 2.0% higher.
- Higher cash reserves required.
- Minimum 10% down payment necessary.
- CPA verification is mandatory.
Documentation Checklist
Business Identity
- Active Business License (2 Years).
- CPA Letter confirming Ownership %.
- Proof of business location/website.
Financial Proof
- 12-24 Months Bank Statements (All Pages).
- Updated Year-to-Date P&L.
- Explanation of any large deposits.