Should I use 12 or 24 months of statements?

Twelve months helps if your business has grown recently. Twenty-four months smooths out a strong or weak year and some programs price it slightly better. If deposits are falling, lenders may use the lower recent average either way.

What deposits do lenders exclude?

Transfers between your own accounts, loan proceeds, refunds and large deposits that are not clearly business income are usually backed out. Expect to explain any single deposit that is large relative to your normal activity.

Can the expense factor be lower than 50%?

Often, yes. Many programs accept a lower factor based on your business type, a CPA or tax preparer letter, or a profit and loss statement that shows your real margins. A lower factor means more qualifying income.

All calculators · Investors and self-employed

Bank Statement Income Calculator

Bank statement loans qualify self-employed borrowers on deposits instead of tax returns. Enter the deposits for the period, take out transfers that are not income, apply the expense factor, and see qualifying income and the loan it can support.

Qualifying monthly income

$21,250

$255,000 a year from $42,500 in average monthly deposits over 12 months.

Qualifying income47%
Expense factor47%
Excluded deposits6%

Eligible deposits: $510,000
Average monthly deposits: $42,500
Expense factor (50%): −$21,250
Qualifying monthly income: $21,250
Total debts allowed at 50% DTI: $10,625
Other monthly debts: −$1,200
Max housing payment: $9,425
Taxes, insurance and HOA: −$1,250
Max principal and interest: $8,175
Loan this payment supports: $1,213,415

Each 10 points off the expense factor adds about $4,250 a month in qualifying income, roughly $315,414 of loan, if a CPA letter or P&L supports it.

Check my bank statement options (949) 774-9599

Estimates for illustration only, not a loan offer or a commitment to lend. Rates, taxes, insurance and program rules vary; our team will confirm exact figures for your situation.

How this calculator works.

Total deposits for the period, minus transfers between your own accounts and other deposits that are not business income, are divided by the number of months, 12 or 24, to get average monthly deposits.

For business accounts, lenders apply an expense factor to account for the cost of running the business. 50% is a common default; a CPA letter or profit and loss statement can sometimes support a lower one. Personal accounts typically use 0%, since the deposits are already your income.

Qualifying income times the DTI limit, typically up to 50% on these programs, is the most your total monthly debts can be. Subtract your other debts and the housing costs to find the largest principal and interest payment, and the loan that payment supports.

Qualifying income = (deposits − excluded) ÷ months × (1 − expense factor). Max housing payment = income × DTI − other debts.

Common questions.

Turn the estimateinto real numbers.

Answer a few questions and our team will price your scenario with current rates and the right program.

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Qualify with your bank statements

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What type of business do you have?

No SSN. No credit impact.