Bank Statement
Bank Statement
Best for: Self-Employed
| Best For | Self-Employed |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 90% |
| Max DTI | 50% (42% FTHB) |
| Short-Term Rental | Y |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary 2nd Home Investment |
| Property Types (1 ADU permitted for SFR) | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel Co-Op Modular |
| Transaction Types | Purchase Rate-Term Refi Cash-Out Refi |
Bank Statement Loans for Self-Employed Borrowers
For self-employed borrowers, tax returns rarely tell the whole story. Business deductions that reduce taxable income are a smart tax strategy — but they can make traditional mortgage qualification unnecessarily difficult. AMS's Bank Statement program solves this by measuring what actually matters: real cash flow deposited into your accounts.
Using 12 or 24 months of business or personal bank statements, AMS calculates qualifying income based on actual deposits — not IRS-adjusted net income. This approach is purpose-built for business owners, freelancers, and entrepreneurs who have the cash flow to support a mortgage but not the W2 to prove it the conventional way.
Income Calculation
AMS performs the income calculation in-house using either 12 or 24 months of bank statements. Borrowers may use business or personal accounts, and the calculation methodology accounts for the type of account and deposit patterns. YTD consistency is reviewed to support the income trend.
AMS has 3 options to determine the expense factor: A standard 50% expense factor, a 3rd party CPA provided expense factor, an expense factor pased on a P&L provided by a 3rd party CPA.
Who This Program Is For
The Bank Statement program is ideal for:
• Business owners and sole proprietors
• Self-employed borrowers with significant write-offs
• Entrepreneurs with variable monthly income
• Borrowers purchasing primary residences, second homes, or investment properties
Key Program Highlights
No tax returns required. Up to 90% LTV available — among the highest in the Non-QM market. DTI up to 50% provides meaningful qualification flexibility. All occupancy types are eligible, including short-term rentals. Interest-only and ARM options are available for borrowers seeking payment flexibility.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details