What it is
A Non-QM mortgage that qualifies self-employed borrowers on 12–24 months of bank deposits instead of tax returns.
How it works
The lender averages your deposits, applies an expense factor for your business type, and that becomes your qualifying income. Personal or business accounts both work.
Who it fits
Business owners, contractors, salon and restaurant owners, agencies — anyone whose tax returns legally minimize income that clearly exists in the bank.
What you'll need
12–24 months of statements, a business license or CPA letter showing two years of self-employment, and typically 10–20% down.
Good to know
Write-offs stop being a penalty here. The deposits are the income — your accountant can keep doing their job.
Two minutes with a licensed advisor beats two hours of reading. NMLS #1511274 · Licensed in California · Florida · Texas
Talk to the DeskGeneral education, not advice for your specific situation. Every file is different — talk to a licensed professional before making decisions.