Bank statement income
Bank statement income
What your deposits could mean as qualifying income, next to what your tax return shows.
Expense factors vary by lender, business type, and documentation. This is an illustration of the approach, not a lender calculation.
$50,000
50%
$120,000
Estimated annual qualifying income
$300,000
- Estimated annual qualifying income
- $300,000
- Net income on your tax return
- $120,000
- Difference a bank statement lender may consider:
- $180,000
For most business owners this is the most revealing number on the page. The gap between the two figures is the reason the bank said no.