⚠️ The Problem with Traditional Mortgage Qualification
Traditional lenders qualify borrowers using tax returns. But self-employed people legally minimize taxable income through business deductions — which makes their adjusted gross income look too low to qualify, even when their real cash flow easily supports a mortgage. A bank statement loan solves this by qualifying you on actual deposits instead.
Who This Is For
If your income doesn't fit in a box, this loan was made for you
These programs are specifically designed for buyers whose income is real and consistent — but doesn't show up neatly on a W-2 or tax return.
Bank Statement Loan
Qualify using 12–24 months of personal or business bank deposits. No tax returns, no W-2s, no pay stubs required. Your actual cash flow is what matters.
No Tax Returns Required
Qualify based on actual bank deposits — not your adjusted gross income
12 or 24 Months of Statements
Choose personal or business bank statements — lender calculates your income from deposits
640+ Credit Score
More accessible than many think — strong cash flow can offset other factors
10% Minimum Down Payment
Get into a home with as little as 10% down
2 Years Self-Employment
Must have been self-employed in the same field for at least 2 years (1-year exceptions available)
Primary, Second Home & Investment
Use the loan to buy or refinance your primary home, vacation home, or investment property
Loan Amounts Up to $4M+
Jumbo bank statement loans available for higher-priced properties
Purchase or Refinance
Cash-out refinance also available to access equity
1099 Mortgage Loan
If you receive 1099 income from clients or contracts, this loan lets you qualify using your 1099 forms instead of tax returns — perfect for independent contractors and freelancers.
Use 1099s Instead of Tax Returns
Your gross 1099 income is used — not your taxable income after deductions
12–24 Months of 1099s
Lender averages your 1099 income over the period provided
No W-2s Required
Designed specifically for independent contractors and gig workers
Strong Credit Preferred
Typically 680+ credit score for best terms
Self-Employed or Contract Worker
Works for any borrower receiving regular 1099 income
Primary & Investment Properties
Available for multiple property types
P&L / Non-Conforming Loan
Qualify using a CPA-prepared Profit & Loss statement. Ideal for business owners who want to use their business financials rather than personal bank statements.
CPA-Prepared P&L Statement
A 12–24 month profit & loss prepared by your accountant is used to verify income
No Tax Returns Needed
The P&L replaces traditional tax return requirements
Business Owner Friendly
Designed for established businesses with clean financial records
Flexible Underwriting
Non-QM guidelines allow more flexibility than conventional programs
Higher Loan Amounts Available
Non-conforming means you can borrow beyond standard loan limits
Multiple Property Types
Primary residence, second home, and investment property eligible
The Process
How a bank statement loan works
Pull together 12–24 months of personal or business bank statements from the same account. Consistent deposits are the key to a strong application.
He'll calculate your qualifying income from your deposits, apply the appropriate expense ratio, and determine how much home you can afford.
Curtis compares bank statement, 1099, and P&L options to find the one that maximizes your qualifying income and gives you the best rate.
Once approved, you'll have a pre-approval letter to shop with confidence — just like any other buyer.
Quick Comparison
Which option is right for you?
| Feature | Bank Statement | 1099 Loan | P&L / Non-QM |
|---|---|---|---|
| Income Verification | Bank deposits | 1099 forms | CPA P&L statement |
| Tax Returns Required | No | No | No |
| Months of Docs Needed | 12–24 months | 12–24 months | 12–24 months |
| Min Credit Score | 640+ | 680+ | 680+ |
| Min Down Payment | 10% | 10% | 10–20% |
| Best For | Business owners, freelancers | 1099 contractors, gig workers | Established business owners |
| Self-Employment History | 2 years minimum | 2 years minimum | 2 years minimum |
Your real income deserves a real mortgage
Don't let your tax write-offs work against you. Curtis specializes in helping self-employed buyers qualify based on what they actually earn — not what the IRS sees.
Curtis Christensen
Curtis works with self-employed buyers every day — helping business owners, contractors, and freelancers find loan programs that qualify them based on real income, not taxable income. If you've been told you don't qualify, get a second opinion.
💬 Tell Us About Your Situation
Self-employed income is unique. Share your details so Curtis can find the right loan program for your income type.
Step 1 of 2 — Your Situation
Tell us about your needs
Step 2 of 2 — Your Results
Where should we send your information?
By submitting you consent to be contacted by Curtis Christensen NMLS #156825 at Utah Mortgage NMLS #1432672.
You're All Set!
Curtis will review your information and be in touch shortly — usually within a few hours during business days.
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