Products · Non-QM income documentation
12 or 24 month personal or business bank statements
For the self-employed borrower whose returns understate the business. Deposits are the income: twelve or twenty-four months, personal or business, cross-footed on upload so the underwriter opens a file that is already added up.
No tax returns, no transcripts, no 4506-C. An expense factor applies to business accounts unless a preparer letter sets a different one.
Program highlights
Figures are the programme maximum at a glance. A file rarely qualifies at the maximum on two axes at once, and the guideline in force on the lock date governs. Nothing here is a commitment to lend.
Questions
A standard factor applies unless a licensed preparer provides a letter setting a different one. The letter is usually worth getting — it can move the qualifying income substantially.
Yes, where the borrower owns each account and the statements cover the same period. Transfers between the borrower's own accounts are netted out so nothing is counted twice.
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