See if you qualify — free, 60-second check.
If you're self-employed, your tax returns probably understate what you really earn — which is why conventional lenders so often under-qualify business owners. A bank statement loan fixes that by qualifying you on your deposits. This calculator estimates your qualifying income and the home price it supports.
Lenders average your monthly deposits over 12 or 24 months. With a personal account, they typically count 100% of deposits as income. With a business account, they apply an expense ratio — usually 50%, meaning half your deposits are assumed to cover business costs — or a custom ratio certified by your CPA.
The default 50% business expense ratio is conservative. If your real expenses are lower — common for consultants, agents, and service professionals — a CPA letter can certify a ratio as low as 10%, which can raise your qualifying income (and loan amount) dramatically. Lower the expense slider to see the impact.
Depositing client payments into a personal account lets lenders count 100% of those deposits, with no expense ratio applied. Many self-employed borrowers qualify for more by routing income through the right account — something a specialist can help you plan before you apply.
Once your qualifying income is set, the calculator applies a debt-to-income limit and your rate and down payment to estimate a home price. As a rough guide, around $20,000 a month in business deposits can support roughly a $350,000 home.
Want your exact numbers? Use the free eligibility check at the top of this page and a licensed specialist will run them for you — no credit pull.
They average 12–24 months of deposits. Personal accounts count 100% of deposits; business accounts count deposits minus an expense ratio (default 50%, or as low as 10% with a CPA letter).
As a guide, about $20,000/month in business deposits can support roughly a $350,000 home, depending on credit, debts, and down payment.
No. Income is verified from your bank statements, so no W-2s or tax returns are required to document income.
Both work. Twelve months is faster; 24 months smooths seasonal swings and often produces a stronger qualifying income.
It's the share of business deposits assumed to cover expenses. The default is 50%, but a CPA can certify your actual (lower) ratio to boost income.
Often yes — many programs allow either or both. The right mix depends on how your income flows; a specialist can optimize it.
Typically a 620+ score and 10% or more down, with better terms at higher scores and larger down payments.
It's a close estimate for planning. Your lender's underwriter will calculate the official figure from your actual statements.
Free, no-obligation. See what you qualify for in about a minute.