Bank Statement Loans

– Underwriters don’t count raw deposits as income.

Every legitimate deduction your CPA recommended lowers your tax bill and lowers your qualifying income at the same time.

A bank statement loan exists for one reason: self-employed income doesn’t always show up on a tax return the way it shows up in a checking account.

Choosing a 24-month statement period changes how your income gets calculated — it does not change how many months of reserves you need.

The 24-month lookback itself doesn’t move the score requirement; it changes how income gets averaged, not how credit gets weighed.

Down Payment For A 24-Month Bank Statement Loan — There’s no federal minimum down payment for a bank statement loan.

Owner-occupied files run through consumer mortgage channels. Investment-property files run through business-purpose channels with different leverage caps.

It’s a non-QM product built for self-employed borrowers, 1099 contractors, and business owners whose tax returns understate real cash flow.

The pace comes down to document completeness, how the income calculation resolves, and whether an appraisal has to be scheduled.

How Much You Can Borrow For A 12-month Bank Statement Loan — There’s no fixed ceiling.

Personal statements get reviewed close to that raw average.

Condotels, short-term rental units, and rural or leasehold parcels get financed too — just under tighter overlays.

Leverage, loan size, and reserve requirements shift depending on occupancy and purpose, not on a single flat number.

Investors deciding between this route and a rental-income-based loan will find that comparison near the end.