Frequently Asked Questions
What is a bank statement loan?
A bank statement loan uses 12 or 24 months of personal or business bank statements instead of tax returns to verify income. Lenders calculate your qualifying income by subtracting an expense factor from your average monthly deposits. This makes bank statement loans ideal for self-employed borrowers whose tax returns understate their actual earning capacity.
How accurate is this bank statement loan estimator?
This tool provides an estimate based on standard expense factors and current market rates. Actual qualification varies by lender — each has its own expense factor methodology, minimum deposit requirements, and program guidelines. Use this as a starting point, then contact Mo Abdel for a full scenario review with 200+ wholesale lenders.
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