12- or 24-month bank statement
Who it's for: Business owners and self-employed borrowers with steady deposits.
Documents: 12 or 24 months of personal or business bank statements.
Self-employed & business owners
Your bank said no because of your tax returns? We help you qualify on your deposits.
As a licensed mortgage broker, we shop lenders with programs built for business owners and the self-employed — so your write-offs don't cost you the house.
Estimate my qualifying incomeRated by clients on Google, Experience.com & Zillow · Read reviewsNMLS #2598846 · Florida & Texas
Why the bank said no
- Write-offs, depreciation and business expenses lower your taxable income — great at tax time.
- Banks qualify you on that lower number from your tax returns.
- Non-QM lenders can use other proof of income, like bank deposits, a P&L or your assets.
Programs we shop for you
P&L-only
Who it's for: Established businesses with a CPA or tax preparer.
Documents: A profit & loss statement prepared by your CPA or tax preparer, plus recent statements as the lender requires.
1099-only
Who it's for: Independent contractors, gig earners and commission workers.
Documents: 1–2 years of 1099s.
WVOE
Who it's for: W-2 earners with complex pay (bonus, commission, overtime).
Documents: A written verification of employment completed by your employer.
Asset depletion
Who it's for: Borrowers with significant savings, investments or retirement funds.
Documents: Statements showing liquid assets and investments.
DSCR
Who it's for: Investors buying or refinancing rental properties.
Documents: Qualify on the property's rental income, not personal income.
See DSCR scenarioPrograms vary by lender; most require a larger down payment and some reserves.
Bank statement income estimator
See roughly how a lender might view your deposits. We never calculate a loan amount, rate or payment here.
Statement type
Lenders typically apply a standard expense factor to business deposits, or use the expense ratio from a CPA letter.
Reminder: exclude transfers between your own accounts and one-time deposits (loans, sales of assets, refunds).
Estimated monthly qualifying income
$0
Estimated annual: $0
Average deposits used: $0 × (1 − 50%)
Educational estimate only. Lenders calculate income their own way, may exclude certain deposits, and require full review. Not a loan approval or offer.
Self-employed mortgage FAQ
Do I need tax returns for a bank statement loan?
Usually not. Bank statement programs qualify you on deposits instead of tax returns, though each lender has its own documentation rules.
Can I use personal or business bank statements?
Either, depending on the lender. Business statements typically have an expense factor applied; personal statements often use deposits more directly.
What is an expense factor?
It's the share of business deposits a lender assumes goes to expenses. Some lenders use a standard factor; others accept the ratio from a CPA or tax-preparer letter.
How long do I need to be self-employed?
Many lenders look for about two years of self-employment, though some programs may consider less with prior experience in the same field.
Will my rate be higher than a conventional loan?
Non-QM programs are priced differently than conventional loans. As a broker we compare multiple lenders so you can see real options for your scenario.
Is Lumos a lender?
No. Lumos Mortgage Group is a licensed mortgage broker. We shop lenders on your behalf; all loans are subject to lender credit approval.
Lumos Mortgage Group is a licensed mortgage broker (NMLS #2598846), not a lender. All loans are subject to lender credit approval, underwriting and program guidelines. Equal Housing Opportunity.
