Income types

Bank statement loans.

Self-employed borrowers whose tax returns understate what the business earns.
Programs and matricesGuidelines PDF(opens in a new tab)Get pricing

8 cakes take bank statements.

Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.

What the file needs.

Deposits from 12 or 24 months of statements, less a 50% fixed expense ratio, or a lower ratio from a CPA, EA, CTEC preparer, PTIN holder, or tax attorney, with a 10% minimum.

  • 12 or 24 consecutive months of complete business statements from one account, or personal statements plus the two most recent months of business statements
  • At least one year self-employed in the same business and two years in the same line of work
  • At least 25% ownership of the business
  • No tax returns and no 4506-C
  • Third-party verification that the business is active, within 60 days of the note date

From the Non-QM guidelines, version 5.0, section 6.1. The guidelines and matrix govern every file.

Read the guidelines (PDF, opens in a new tab)

Check a scenario.

Enter your credit score, LTV or CLTV, and loan amount to find programs to review. Confirm your exact combination in the matrix.

Income or loan type

8 programs to review

These programs meet separate published ranges. Score, LTV and loan amount limits may not apply together. Check the matrix for your exact combination, purpose and property.

13 counting their Lite and Investor versions

  • Coffee Cakealso Lite680+ · 80% LTV · $2.5MView matrices
  • Cup Cakealso Investor620+ · 90% LTV · $4MView matrices
  • Velvet Cake660+ · 90% LTV · $3.5MOpen matrix PDF
  • Sponge Cakealso Lite620+ · 90% LTV · $3MView matrices
  • Funnel Cakealso Lite660+ · 90% LTV · $3MView matrices
  • Pound Cake Lite660+ · 90% LTV · $3MOpen matrix PDF
  • Bundt Cakealso Investor660+ · 85% LTV · $3MView matrices
  • Cheese Cake660+ · 85% LTV · $3MOpen matrix PDF
Price it with an AEBank statements: every cake

Confirm eligibility with the matrix and guidelines before quoting or submitting a file.

Other ways to document income

Have one of these files?

Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.

Become a partner(833) 717-0401

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