Bank Statement Loans
Your tax return shows what you owe the IRS, not what your business earns. Bank statement loans calculate qualifying income from 12 or 24 months of deposits, so legitimate write-offs don’t cost you the house.
- Personal or business bank statements
- Primary residence, second home or investment
- Typically 2+ years self-employed in the same line of work
- Lenders differ on expense factors; I find the one that counts the most of your income