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Bank Statement Loan Calculator
Bank statement (Non-QM) loans qualify you using your average monthly deposits instead of tax returns. Enter your average deposits and an expense factor to estimate your qualifying income and mortgage payment.
Estimated qualifying monthly income
🔒 100% private — everything is calculated in your browser, nothing is sent to a server.
How bank statement (Non-QM) loans work
Bank statement loans exist because tax deductions make a self-employed borrower's net income look much lower than their real cash flow. Instead of tax returns, the lender averages 12–24 months of bank deposits and applies an "expense factor" (commonly 50%, though it varies by lender and industry) to estimate real qualifying income from gross deposits.
- ✅ No tax returns required — 12 or 24 months of bank statements instead
- ✅ An expense factor discounts deposits to estimate real income
- ✅ Rates are usually higher than a conventional loan (more risk for the lender)
- ✅ Popular with business owners whose tax returns show heavy deductions
Frequently asked questions
Is this financial advice?
No. This tool gives a rough, educational estimate only. Actual mortgage qualification depends on your full financial picture, credit score, assets, the specific lender's guidelines, and current rates. Always talk to a licensed mortgage professional before making a decision.
Is my data saved or sent anywhere?
No. Every calculation runs locally in your browser with plain JavaScript. Nothing you type is sent to a server, stored, or shared.
Why do self-employed borrowers need a different calculator?
Because lenders don't use your gross revenue — they use net qualifying income after specific averaging and expense-factor rules that only apply to 1099/self-employed income, which a generic mortgage calculator doesn't account for.
What expense factor should I use?
50% is a common default many lenders start from, but it varies by industry and lender — service businesses with low overhead sometimes get a lower factor (meaning higher qualifying income), while businesses with heavy expenses get a higher one.
12 months or 24 months of statements?
Both exist. 24-month programs usually require a slightly lower rate than 12-month programs since they show more history — try both in this calculator to compare.
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