Bank Statement, P&L, and 1099 Programs
You Took Every Legal Deduction. Your Tax Return Shouldn't Cost You the House.
Bank statement loans, P&L only programs, and 1099 qualification: built for owners whose real income never shows up on line 11.
How It Works
12 or 24 months of personal or business bank statements establish income; or a CPA-prepared P&L; or 1099s for independent contractors. No tax returns required in these programs.
The paperwork changes; the diligence does not. Underwriters read cash flow instead of write-offs, and structure a file that reflects the way the business actually earns.
Who This Is For
- ·Contractors and trades owners
- ·Agency and studio owners
- ·Consultants and practice owners
- ·Gig-economy professionals
- ·Anyone whose write-offs erased their qualifying income
A Common Scenario
"A contractor nets strong deposits every month, and writes off equipment, mileage, and materials the way any good CPA advises. On tax returns, the qualifying income looks thin. On 24 months of bank statements, the same business tells its true story, and the file that was declined in March closes in May. Illustrative example; every scenario differs."
What You'll Need
- — 12 or 24 months of bank statements
- — CPA-prepared P&L (some programs)
- — 1099s (for contractors)
- — Business license or entity docs
- — Standard ID and asset statements
For CPAs
This is the page to send the client whose write-offs killed their pre-approval. Their deductions were good accounting. This is the loan that respects that.
Program availability, terms, and qualification vary by scenario.
Scenario Review
Find Out in 60 Seconds If Your Scenario Fits.
60 seconds. No credit pull. No commitment.