For Self-Employed Borrowers

Home Loans That Understand Your Business

Get approved based on your actual cash flow, not just what your tax returns show

The Self-Employed Mortgage Challenge

You know the frustration: You make great money, but your tax returns tell a different story.

The Traditional Mortgage Problem:

  • • You write off legitimate business expenses to reduce taxes
  • • Your adjusted gross income looks artificially low
  • • Traditional lenders deny you or offer less than you qualify for
  • • You're stuck between tax efficiency and mortgage qualification

Our Solution:

Bank Statement Loans qualify you based on your actual deposits, not your tax returns. We analyze your business cash flow to determine your true income.

Result: You get the loan amount you deserve without sacrificing tax benefits.

How Bank Statement Loans Work

Simple, straightforward qualification based on your business deposits

1

Provide 12-24 Months of Bank Statements

We review your business and/or personal bank statements showing deposits and withdrawals.

2

Calculate Average Monthly Deposits

We add up your total deposits and divide by the number of months to determine your average monthly income.

3

Apply Expense Factor

We apply a 25-50% expense factor (depending on your business type) to account for business costs, giving us your qualifying income.

4

Approve Your Loan

With your qualifying income established, we process your loan just like any other mortgage.

Bank Statement Loan Example

Average monthly deposits:$20,000
Expense factor (50% for service business):× 0.50
Qualifying monthly income:$10,000
Annual qualifying income:$120,000

Even if your tax return shows $60,000 AGI, you qualify based on $120,000 income!

Benefits of Bank Statement Loans

No Tax Returns Required

Qualify without providing 1040s, Schedule Cs, or business tax returns. Bank statements are all we need.

Higher Loan Amounts

Qualify for more home based on your actual cash flow, not artificially reduced tax income.

Fast Approval

Streamlined underwriting process designed specifically for self-employed borrowers.

Bank Statement Loan Features

Loan Amounts Up to $3M

Finance primary residences, second homes, and investment properties up to $3 million.

Down Payment as Low as 10%

Primary residence: 10% down. Investment properties: 20-25% down.

Flexible Credit Requirements

Minimum credit score of 680 for most programs. Some programs accept 660+ with compensating factors.

Personal or Business Bank Statements

Use personal bank statements if business income flows through personal accounts, or business statements for separate accounts.

Purchase or Refinance

Use bank statement loans for home purchases, rate-and-term refinances, or cash-out refinances.

2-Year Business History

Most programs require 2 years of self-employment. Some allow 1 year with strong compensating factors.

Who Qualifies for Bank Statement Loans?

Business Owners

  • Sole proprietors
  • LLC owners
  • S-Corp and C-Corp owners
  • Partnership owners

Independent Contractors

  • 1099 contractors
  • Freelancers and consultants
  • Gig economy workers
  • Commission-based professionals

Service Professionals

  • Real estate agents
  • Insurance agents
  • Financial advisors
  • Attorneys and CPAs

Other Self-Employed

  • Contractors and tradespeople
  • Restaurant and retail owners
  • E-commerce business owners
  • Creative professionals

Ready to Get Approved Based on Your Real Income?

Stop letting tax write-offs hold you back from homeownership. Let's explore bank statement loan options for your situation.

NMLS #2033515 | Licensed in Washington and Idaho

Marcus Vogt

Senior Mortgage Loan Officer
Q Home Loans
NMLS #1394040

1102 N Monroe St
Spokane, WA 99201

(509) 481-1766

Service Areas

Washington

Spokane, Seattle, Tacoma, Bellevue, Vancouver, Everett, and more

Idaho

Boise, Meridian, Nampa, Coeur d'Alene, Post Falls, and more

© 2026 Marcus Vogt - Q Home Loans. All rights reserved.

All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.

Marcus Vogt operates under Q Home Loans, a division of American Pacific Mortgage Corporation. Licensed by the Dept. of Financial Protection and Innovation under the CRMLA.