Qualify with 12–24 months of bank deposits—not tax returns. Bank statement loans for self-employed Indiana borrowers with The 2 Mortgage Guys.
Qualify with 12–24 months of deposits — not tax returns. Built for self-employed Indiana borrowers whose write-offs hide real cash flow.
A bank statement loan is a Non-QM mortgage that documents income from your actual deposits instead of W-2s or tax returns. Lenders review consecutive months of statements, average eligible deposits, and use that figure as qualifying income.
If you write off aggressively for taxes — equipment, vehicles, home office, depreciation — your taxable income can look too low for a conventional approval even when your business is healthy. Bank statement underwriting looks at cash flowing through the account.
Guidelines vary by investor, credit, and loan amount. This overview is educational — every file is reviewed against current product rules.
How income is figured
Eligible deposits (12 or 24 mo)
Number of months
Program deposit factor
Result = monthly qualifying income used for DTI. Transfer-ins, refunds, and large one-time deposits are usually excluded.
From gathering statements to closing — without a traditional tax-return income calc.
Two documentation paths — we pick the one that maximizes usable income for your scenario.
Personal accounts
Best when business revenue lands in your personal account or you draw owner distributions that show as clear deposits. Programs often count a higher percentage of deposits as income.
Business accounts
Ideal when revenue stays in the business account. Underwriters apply an expense factor (or use a CPA letter in some programs) so deposit totals reflect realistic net cash flow.
Self-employed professionals whose tax returns do not reflect what actually hits the bank.
Not the right fit if…
— You have clean W-2 income that already qualifies conventionally
— Your deposit history is thin, irregular, or full of unexplained transfers
— You need agency down payments below Non-QM minimums with no compensating equity
Exploring other Non-QM options?
Underwriting follows cash in the account — not AGI after depreciation and deductions. That closes the gap between what your business earns and what a tax return shows.
Typical lookback: 12 or 24 months
Common Non-QM bank statement ranges — your scenario may differ. We confirm exact numbers before you make an offer.
All loans subject to credit and property approval. Program guidelines vary by investor and change without notice.
A complete statement package speeds underwriting. Gaps, missing pages, or unexplained large deposits are the usual delays.
Mortgage Knowledge Center
Straight answers on deposit qualifying, tax returns, expense factors, reserves, rates, prepays, documents, and whether bank statement Non-QM is the right fit — written for Indiana self-employed borrowers.
Talk with Ryan and Steve about a bank statement pre-approval — we review your deposit history before you apply so the numbers make sense.