Estimates for informational purposes only. Not a commitment to lend or a guaranteed rate or approval. Actual qualifying income and approval depend on your full profile.
This is the monthly income a lender may use to qualify you, based on your deposits and a standard expense factor. Bank statement loans use this instead of tax returns. Most programs need a 620 or higher credit score and 10 to 20 percent down. This is an estimate. Your exact qualifying income and the home price it supports come from Brandon. Call or text 832-997-1527.
How qualifying income is calculated
Bank statement loans estimate your income from the money that actually lands in your accounts, not from your tax returns. A lender adds up your total deposits over 12 or 24 months, applies an expense factor to account for business costs, then divides by the number of months. The formula is total deposits times the expense factor, divided by the months. Business accounts usually apply a 50 percent expense factor because gross deposits include costs you later pay out. Personal accounts often count closer to 100 percent because the money is already yours. Brandon uses whichever account and factor qualify you for more.
Get your exact qualifying income
Book a quick call with Brandon Huynh, NMLS #2522494. This calculator gives an estimate. Brandon confirms your real qualifying income, the home price it supports, and your rate after a short conversation, and can tell you which bank statement programs fit your profile.
Book a Call or call/text 832-997-1527
Learn more about bank statement loans
Bank statement loans qualify self-employed borrowers on deposits instead of tax returns. Explore the details:
- Bank statement loans Houston — how the program works, rates, and who qualifies.
- Self-employed mortgage Houston — all the programs available to business owners and 1099 earners.
- Bank statement vs traditional mortgage — compare the two side by side.
- In-depth guide to bank statement loans — the full walkthrough of how they work.
- How self-employed borrowers in Houston get approved — real-world qualifying tips.
- DSCR loan calculator — for rental properties that qualify on cash flow.
- Houston mortgage payment calculator — estimate your monthly PITI.
Frequently Asked Questions
How do bank statement loans calculate income?
Lenders average your business or personal bank deposits over 12 to 24 months and apply an expense factor to estimate your qualifying monthly income. They do not use tax returns.
How many months of statements do I need?
Most bank statement programs require 12 or 24 months of statements. More months can strengthen your application.
What credit score is required for a bank statement loan?
Bank statement loans generally start at a 620 credit score, though a higher score earns better terms.
Can I use personal or business accounts?
Both. Personal accounts often count a higher share of deposits, while business accounts apply an expense factor. Brandon will use whichever qualifies you for more.
How much down payment do I need?
Bank statement loans typically require 10 to 20 percent down, depending on your credit and the property.