You write everything off.
That's smart. Here's how to still qualify.
Why a bank statement loan?
A bank statement loan skips your tax returns completely. We qualify you on 12-24 months of actual deposits; what you really made, not what the IRS sees after your CPA works their magic.
$600K in revenue. The bank still said no.
Business owner. $600K+ in annual deposits. CPA did exactly what a good CPA does and minimized taxable income to $72K.
The bank looked at the tax return and said no.
We looked at 12 months of bank statements instead. Closed in 28 days.
Turns out $600K is a lot of money when you know how to look at it.
FAQs
What's the minimum credit score?
Most programs require 620–660 minimum. Some go lower with a larger down payment or strong compensating factors. The stronger your credit, the better your rate options.
Do I need to provide tax returns?
No. That's the whole point. We qualify you entirely on bank deposits without referencing your tax returns. Your CPA's work stays where it belongs on your tax bill.
Do you use personal or business bank statements?
Either can work depending on your business structure. Business statements typically use a 50% expense factor on deposits (some lenders use a CPA letter for a custom factor). Personal accounts use 100% of deposits. We identify which approach gives you the strongest qualifying income.
How long do I need to be self-employed?
Most programs require 2 years of self-employment history. Some will go to 1 year if you were previously employed in the same field. The 2-year clock runs from the date you started, not from when you became profitable.
Are the rates higher than conventional?
Typically they are a bit higher depending on the lender, your credit, and loan size. As your business matures and you build more history, refinancing into a conventional loan later is always an option. Many clients do exactly that after 2–3 years.
What loan amounts are available?
Bank statement programs typically go up to $3–4 million. One of the stronger programs for clients targeting higher loan amounts. Combined with jumbo underwriting, this is often the right fit for business owners buying higher-value homes.
Your tax return isn't the whole story.
Let's look at the real numbers.
Roxy Miles
NMLS#2464939
Complex income specialist.
Former financial advisor.
865.424.7997
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