Bank Statement — Personal (12 or 24 Month)
Your personal account tells the story.
Personal bank statement programs qualify you on deposits landing in your personal account, with no expense factor applied. Ideal when business income is already swept into your personal account as owner draws.
What makes this loan different
- 12 or 24 months of personal statements
- Typically no expense factor deducted
- Works for commission, draw, and distribution income
- Available on purchases, refinances, and cash-out
Who this is built for
- Owners who pay themselves through regular draws
- Commissioned professionals with irregular deposits
- Borrowers with a co-mingled financial life
Why personal statements often win
Because the money in a personal account is already net of business expenses, most lenders count qualifying deposits at or near 100%. For an owner who transfers a consistent draw every month, the personal calculation can produce more qualifying income than the business version of the same program.
The catch is that only business-sourced deposits count. Gifts, tax refunds, sales of personal property, and transfers from a spouse's account typically get stripped out, so a clean deposit pattern matters.
Documenting ownership
You will still prove you own the business, usually with a business license, an operating agreement, or a CPA letter. The lender wants to see that the deposits are earnings rather than borrowed money.
What lenders typically ask for
- 12 or 24 months of personal bank statements, all pages
- Evidence that the deposits trace to self-employment income
- Business existence verification — license, entity documents, or third-party confirmation
- Ownership percentage documentation
- Credit report, ID, and asset statements for down payment and reserves
Requirements vary by lender and by file. This is a general picture of what is commonly requested, not a checklist for a specific loan.
Worth knowing
Only business-related deposits are counted.
A personal account carries payroll, transfers, gifts, and refunds alongside business income. Anything that cannot be tied to the business is generally stripped out, which is why personal-statement files often qualify for less than the balance suggests.
Commingling makes the file harder, not impossible.
Mixed accounts require more explanation and more documentation. The cleaner the separation, the more predictable the outcome.
Expense factor treatment differs from the business version.
Because the money has already moved to a personal account, some lenders apply a smaller expense factor or none at all. Others treat it identically to a business statement program. This varies meaningfully between lenders.
Down payment expectations are often higher.
Minimum down payment on personal-statement programs commonly exceeds the business-statement equivalent.
See what this program would take in your case.
We are brokers — this program is shopped across hundreds of wholesale lenders, not quoted off one rate sheet. A short application gives us enough to compare real options.
Program availability, terms, guidelines, and documentation requirements vary by lender and are subject to underwriting and change without notice. This is not a commitment to lend.