Self-Employed with Strong Business Income?
We Don’t Need Your Tax Returns.

Bank statement loans may allow eligible personal or business bank deposits to be used to evaluate qualifying income instead of relying exclusively on traditional tax-return income. The lender reviews the pattern, consistency and eligible portion of deposits under the selected program’s guidelines.

Asset depletion loans may convert a portion of eligible liquid assets into a calculated monthly qualifying income. The exact calculation, eligible account types, reserve requirements and documentation vary by lender and loan program.

Some programs may permit personal and business bank statements to be considered together when the accounts, deposit sources and business ownership can be documented. We review the complete file to determine which approach is available and most useful.

In some situations, eligible bank-statement income and an asset-based income calculation may be combined. Whether they can be used together depends on the lender, the specific program and how the assets and deposits are documented.

Alternative income qualification may include bank statement programs, asset depletion, profit-and-loss programs, 1099 income programs and DSCR financing for qualifying investment properties. Availability depends on the property, occupancy, borrower profile and lender guidelines.

Yes, some mortgage programs permit qualification without personal tax returns when income or financial capacity can be documented through an accepted alternative method. Approval still requires full underwriting of credit, assets, property and the other applicable loan requirements.

Yes, eligible business bank statements may be used to estimate qualifying income for a self-employed borrower. The lender generally reviews deposits and applies an allowed expense factor or another documented method under its guidelines.

Many bank statement programs review 12 or 24 months of statements, although requirements vary. The appropriate period depends on the program, the stability of deposits and the borrower’s business history.

Yes, bank statement programs may be available for jumbo loan amounts. Maximum loan size, down payment, credit, reserves and property requirements vary substantially, so the complete scenario must be reviewed.

Alternative documentation programs may be available for a primary residence, second home or investment property. The permitted occupancy, pricing, loan-to-value and documentation rules depend on the selected program.

Eligible income may come from many established businesses and self-employed occupations, including corporations, partnerships, sole proprietorships and independent contracting. The lender evaluates business history, ownership, deposit patterns and documentation.

A profit-and-loss statement may be required by some programs and may be optional or unnecessary under others. We identify the documentation approach first so you do not prepare material that the selected lender does not need.

Initial review usually starts with basic property and loan details, credit information, business history, recent bank or asset statements and identification of the accounts you want considered. We provide a program-specific list after reviewing your situation.

Timing depends on the program, appraisal, document completeness and the complexity of the income review. A well-prepared alternative-documentation loan can move efficiently, but it still requires normal underwriting, property review and closing steps.