Bank statement loans review 12-24 months of personal or business bank statements to calculate qualifying income. They are a core Non-QM tool for Missouri self-employed borrowers whose taxable income understates how the business actually runs.
How it works
- Gather recent bank statements and a clear picture of business deposits
- Lenders apply expense factors or use a P&L alongside statements
- Purchase, refinance, and cash-out options may be available depending on the file
- Dan's team explains documentation early so you are not surprised mid-process