SELF-EMPLOYED · BANK STATEMENT ESTIMATOR
Your deposits.Your income, estimated.
Self-employed? Non-QM bank statement loans can qualify you on 12 or 24 months of bank statements instead of tax returns. Get a rough idea of your qualifying income in under a minute.
Free. No sign-up. Nothing you enter is sent or saved.
Which statements will you use?
Add up 12 months of deposits and divide by 12. Leave out transfers between your own accounts, loan proceeds, refunds and other one-time deposits. Deposits from other companies you own or are affiliated with may not count unless you can show they are actual business income, not transfers.
Business expense factor
The share of deposits a lender treats as business expenses. 50% is a common starting point. Some lenders use a lower factor for certain businesses or with a CPA or tax preparer letter.
*Lower expense factors are available only in certain situations, depend on lender guidelines, and may require a larger down payment.
Minimum payments on car loans, credit cards, student loans and other mortgages. Not utilities or phone bills.
ESTIMATED QUALIFYING INCOME
$0/ month
Enter your average monthly deposits to see an estimate.
ROOM FOR A HOUSING PAYMENT
Enter your deposits
Based on total monthly debts, including the new payment, of up to 50% of income. The limit for your loan depends on the lender, credit, reserves and loan size, and may be lower. Includes principal, interest, taxes, insurance and HOA.
NEXT: SEE YOUR PRICE RANGE
Enter this monthly income in Casa Clara, our free Miami home-cost app, and tap Budget to estimate a purchase price that fits, with Miami taxes, insurance and HOA included.
Open Casa Clara ›Want a real number?
Upload your statements through our secure application. We'll run them through our lenders' income tools and tell you which programs fit.
How lenders readyour statements.
01
Total the eligible deposits.
12 or 24 months of statements. Transfers, loan proceeds and unusual large deposits are usually removed or need an explanation.
02
Subtract business expenses.
For business accounts, an expense factor is applied, then your ownership share. Personal accounts usually skip this step.
03
Average it by month.
The result is your monthly qualifying income. Declining deposits can lower it, so lenders look at the trend too.
Realtors: working with a self-employed buyer? Send them this page, or have them apply through your co-branded link. We'll tell you whether a bank statement loan looks workable.