Quick Answer
A bank statement loan calculates your income from deposits, not tax returns. The lender counts a share of your deposits, then divides by the number of months. Enter your deposits below to estimate the monthly qualifying income. Business accounts usually use a 50 percent factor and personal accounts closer to 100 percent.
Estimates for informational purposes only. Not a commitment to lend or a guaranteed rate or approval. Actual qualifying income and approval depend on your full profile.
This is the monthly income a lender may use to qualify you, based on your deposits and a standard expense factor. Bank statement loans use this instead of tax returns. Credit score and loan to value limits vary by program. This is an estimate. Your exact qualifying income and the home price it supports come from Brandon. Call or text 832-997-1527.
How qualifying income is calculated
Bank statement loans in Houston estimate your income from the money that lands in your accounts, not from your tax returns. A lender adds up your income deposits over 12 or 24 months, takes out a share for business costs, then divides by the number of months. On a business account, many programs take out about half. A CPA or tax preparer letter can support a different share. On a personal account, many programs count your income deposits in full if you also keep a separate business account. If business and personal money mix in one account, it counts like a business account. Brandon runs your deposits both ways to see which qualifies you for more.
Get your exact qualifying income
Book a quick call with Brandon Huynh, NMLS #2522494. This calculator gives an estimate. Brandon confirms your real qualifying income, the home price it supports, and your rate after a short conversation, and can tell you which bank statement programs fit your profile.
Book a Call or call/text 832-997-1527
Learn more about bank statement loans
Bank statement loans qualify self-employed borrowers on deposits instead of tax returns. Explore the details:
- Bank statement loans Houston — how the program works, rates, and who qualifies.
- Bank statement loan requirements — credit, down payment, statements, and reserves.
- Best bank statement loan programs — compare all five program types side by side.
- Self-employed mortgage Houston — all the programs available to business owners and 1099 earners.
- Bank statement vs traditional mortgage — compare the two side by side.
- In-depth guide to bank statement loans — the full walkthrough of how they work.
- How self-employed borrowers in Houston get approved — real-world qualifying tips.
- DSCR loan calculator — for rental properties that qualify on cash flow.
- Houston mortgage payment calculator — estimate your monthly PITI.
- Home affordability calculator — see the maximum home price your income and debts support.
- Máy tính thu nhập bank statement (Tiếng Việt) — the same tool in Vietnamese.
Frequently Asked Questions
How do bank statement loans calculate income?
Lenders average your business or personal bank deposits over 12 to 24 months and apply an expense factor to estimate your qualifying monthly income. They do not use tax returns.
How many months of statements do I need?
Most bank statement programs require 12 or 24 months of statements. More months can strengthen your application.
What credit score is required for a bank statement loan?
Bank statement loans generally start at a 620 credit score, though a higher score can get you better terms and more choices.
Can I use personal or business accounts?
Both. On a business account, the lender takes out a share for business costs. On a personal account, many programs count income deposits in full if you also keep a separate business account. Brandon runs it both ways to see which qualifies you for more.
How much down payment do I need?
Many bank statement programs go up to 80 to 90 percent loan to value when you buy a home you will live in. Where you land depends on the program, your credit score, and the loan size. A higher credit score usually reaches the top of that range. A lower loan to value can help if your score is lower. Your exact terms are set when the loan is approved.