EP. 2 The Bank Statement Loan - Built for the Self-Employed

If you’re self-employed or run your own business, you already know the struggle. Your tax returns never show the full picture, and traditional lenders use taxable income instead of the real deposits flowing into your account.

In this episode, we break down the Bank Statement Loan, the most popular NonQM program for self-employed borrowers and real estate investors. You’ll learn how lenders calculate income using 12–24 months of deposits, how expense factors replace write-offs, and why no tax returns, W-2s, pay stubs, or P&Ls are needed.

We also cover qualification basics, higher DTI limits, interest-only options, 40-year terms, and how this program can be used for primary homes, second homes, or investment properties. If you’ve ever been told “you don’t qualify,” this episode explains why the problem isn’t you, it’s the documentation the bank is using.

In This Episode:

• How Bank Statement Loans calculate income using deposits
 • Why no tax returns are required
 • Expense factors and how they work
 • Qualifying with 12 months of self-employment
 • Higher DTI limits up to 55%
 • Interest-only and 40-year mortgage options
 • Using the program for primary, second home, or rental purchases

Tools & Resources

Visit seimortgage.com for calculators, program guides, and resources for self-employed borrowers, including the Bank Statement Calculator:
https://seimortgage.com/bank-statement-calculator/

DISCLAIMER - Ryan Marks is a Licensed Mortgage Loan Originator (NMLS #519138) operating under The Turkey Foundation, Inc. (NMLS #236669), an Equal Housing Lender. Ryan conducts mortgage origination under his DBA, The Everyday Lending Group. SEI Mortgage is an educational brand only. It is not a mortgage lender, does not issue pre-approvals or loan estimates, and does not extend credit in any form. All information provided in this podcast is for educational and informational purposes only. Nothing in this episode should be interpreted as: Legal advice Financial advice Tax advice Real estate advice A commitment to lend An offer, quote, or guarantee of loan terms Loan guidelines, program availability, rates, underwriting rules, and qualification methods - especially for Non-QM mortgage programs - can change at any time and may vary by lender, investor, market conditions, and state regulations. Examples given are hypothetical and may not reflect actual terms available to any borrower. Listeners should independently verify all calculations, assumptions, and program details with qualified professionals. Always consult with a licensed mortgage lender, real estate agent, CPA, financial advisor, or attorney before making decisions related to home financing, investing, or credit. This podcast is not affiliated with, endorsed by, or acting on behalf of Fannie Mae, Freddie Mac, FHA, VA, HUD, or any government agency. No government agency has reviewed or approved the content of this recording. The Turkey Foundation, Inc. 1805 E Garry Ave, Santa Ana, CA 92705 Equal Housing Lender