Bank Statement

A great option for our self-employed or 1099 borrowers. This income documentation options allows you to use Personal or Business Bank Statements and we only require 12 months of history!

SUBMIT SCENARIO Bank Statement Flyer

Bank Statement Highlights

  • 12 month Expense Ratio method – Quicker income qualification!
    • Calculate income by entering all deposits for 12 months and apply 3rd party verified Expense Ratio to deposits
  • 12 month Traditional statement review
    • Calculate income by entering all deposits for 12 months and subtract all business expenses

Bank Statement Documentation Requirements

  • 12 months consecutive bank statements
  • Completed BSI Questionnaire
  • Expense Ratio certification from a 3rd party (if applicable)
    • Supporting documentation that the 3rd party reviewer is licensed or qualified
  • Proof of business ownership (if applicable)

Want to talk to a member of our team? Call 1-833-394-8404