For Business Owners & Freelancers
Qualify on Bank Statements — Not Tax Returns
Don’t let tax write-offs stop you from buying a home. We use your actual bank deposits to prove your income and get you approved.
620
Min. Credit Score
90%
Max LTV (No MI)
As low as 15%
Expense Ratios
12 or 24
Statements Needed
What Is a Bank Statement Loan?
A Bank Statement loan is a specialized mortgage designed for self-employed borrowers who have significant tax write-offs that lower their taxable income.
Instead of looking at your tax returns, lenders look at your 12 or 24 most recent bank statements to calculate your true “buying power” based on your actual cash flow.
Who This Program Is Built For
Perfect for anyone whose tax returns don’t tell the full story of their financial success.
Business Owners
Entrepreneurs with established companies and consistent revenue.
Freelancers & 1099s
Independent contractors and creative professionals with varied income.
Consultants
Experts who operate as sole proprietors or through an LLC.
Heavy Write-Off Earners
Anyone whose business expenses significantly reduce their taxable income.
The Qualification Math
How we calculate your qualifying income from your deposits.
Example Calculation
| FHA Requirement | Notes |
|---|---|
| Total 12-Month Deposits | $240,000 |
| Average Monthly Deposit | $20,000 |
| Standard Expense Factor | 50% |
| Standard Expense Factor | $10,000 |
12 or 24 Month Average
We take the total of all eligible deposits over your chosen period and divide by the number of months to find your average.
Flexible Expense Ratios
While 50% is standard, we can go as low as 15% depending on your business type and employee count, maximizing your buying power.
Pre-Underwrite Support
We analyze your statements before submission, ensuring your income is calculated correctly and your file is ready for approval.
In-House Investor Network
Access multiple in-house investors with competitive pricing tailored specifically for non-QM and bank statement borrowers.
No Tax Transcripts
We focus on your current cash flow. No tax transcripts are required, keeping the process private and streamlined.
In-House Investor Network
Access multiple in-house investors with competitive pricing tailored specifically for non-QM and bank statement borrowers.
How It Compares
Choosing the right tool for your specific financial situation.m
| Feature | Conventional ✓ | Conventional | DSCR Loan |
|---|---|---|---|
| Income Verification | 12–24 Bank Statements | W-2 / Tax Returns | Property Rent Only |
| Max Properties | Typically Unlimited | 10 (Standard Cap) | Unlimited |
| LLC Vesting | Varies by Lender | ✗ No | ✓ Yes |
| Min. Down Payment | 10–25% | 15–25% | 20–25% |
| Closing Speed | 21–30 days | 21–30 days | 21–30 days |
The Bank Statement Process
A clear path from cash flow to homeownership.
01 Initial Consultation
We review your business type and deposit history. No tax returns required - just a conversation about your cash flow.
02 Statement Analysis
You provide 12 or 24 months of business or personal bank statements. We calculate your qualifying income using the 50% expense factor.
03 Lender Matching
We shop multiple specialized lenders to find the one with the most flexible guidelines for your specific industry.
04 Streamlined Application
We submit your file without W-2s or tax returns. The focus remains on your actual bank deposits and credit profile.
05 Underwriting
Specialized underwriters review your cash flow consistency. We handle all the communication to ensure a smooth approval.
06 Lender Matching
Once approved, you sign and get your keys. You've successfully used your business's success to secure your home.
Ready to Use Your Cash Flow?
Get your free consultation with no credit check required. We’ll analyze your deposits and show you exactly what you qualify for.
- KYLE JESSEE LENDING TEAM
- MOVEMENT MORTGAGE
184 Duke of Gloucester St Suite 1B, Annapolis, MD 21401
NMLS #1212644 | Kyle.Jessee@movement.com