07 · Loan Program

Bank Statement Loans

Income qualified using 12 to 24 months of bank deposits instead of tax returns — built for self-employed borrowers whose write-offs make their taxable income look smaller than it is.

Who a Bank Statement Loan Is For

Self-employed borrowers, 1099 contractors, and small business owners who write off expenses and show lower taxable income than actual cash flow
Business owners whose Schedule C deductions make W-2 qualification impossible despite strong revenue
Buyers who have been self-employed for at least two years and can demonstrate consistent deposit patterns
High-income borrowers whose tax returns reflect depreciation, entity losses, or pass-through deductions that don't reflect actual earnings

How It Works

From first conversation
to closing day.

Statement Collection

You provide 12 or 24 months of personal or business bank statements. No tax returns or W-2s are required for income qualification.

Deposit Analysis

Tanya's lender team calculates qualifying income from average monthly deposits, applying an expense factor (typically 50% for business accounts) to arrive at net income.

Standard Underwriting

Credit, assets, property appraisal, and debt-to-income ratio are reviewed using the deposit-derived income figure, not reported taxable income.

Closing

Bank statement loans close like conventional loans. Rates are modestly higher than full-documentation programs, reflecting the alternative income documentation method.

Key Benefits

What makes this program
work for the right borrower.

No Tax Returns Required

Your taxable income does not limit your purchasing power. The loan is built around what actually deposits into your accounts each month.

12 or 24 Month Options

Lenders accept 12-month statements for borrowers with consistent recent income, or 24-month statements for borrowers who want to demonstrate longer-term stability.

Up to $3M Loan Amounts

Bank statement programs at major non-QM lenders accommodate high loan amounts, making this viable for luxury purchases and investment properties.

Requirements Snapshot

Quick-reference guidelines.

Minimum Credit Score	620 minimum; 680+ for best rate tiers and higher loan amounts
Self-Employment History	2+ years of self-employment, confirmed via business license, CPA letter, or business documentation
Down Payment	10% minimum; 20%+ for best pricing and highest loan amounts
Statements Required	12 or 24 months of personal or business bank statements; all pages, no missing months
Debt-to-Income Ratio	Up to 50% based on deposit-derived income

Edge Home Finance, LLC • NMLS #891464 • 5860 Baker Road, Minnetonka, MN 55345

Equal Housing Opportunity Lender. This is not a commitment to lend. All loans subject to credit approval.

Licensed in: Georgia and Florida • NMLS Consumer Access: www.nmlsconsumeraccess.org • Licensing & Disclosures

Equal Housing Opportunity