Video Transcript

00:00

If you're self-employed, a business owner, commissioner, or a 1099 professional, there's a good chance your tax returns may not fully reflect what you actually earn. And that creates one of the biggest frustrations many borrowers face today when trying to buy a home. Because while the tax code often encourages business owners to maximize deductions and reduce your tax liability.

00:18

Traditional mortgage approvals often rely heavily on the income shown on those tax returns. So, even when your business is strong, your cash flow is healthy, and you can comfortably afford a home.

00:28

You may still feel like traditional financing doesn't accurately reflect your financial picture. If that sounds familiar, you're not alone. My name is Michael Thayer. I'm a mortgage advisor based in Nashville, Tennessee, serving clients nationwide, and we help self-employed borrowers navigate these complex income situations every single day. That's exactly why the Bank Statement Program was created.

00:47

Instead of relying primarily on your tax returns, these programs allow us to evaluate your actual bank deposits and cash flow patterns. Depending on the program and the lender, 12 to 24 months of bank statements will be reviewed to better understand how your business performs in the real world.

01:02

For many boroughs, this can create a more realistic path towards mortgage qualification. Now, every situation's different, different programs, different guidelines, but the bottom line is this.

01:11

Many financially capable borrowers have more mortgage options available to them than they originally thought.

01:17

So, go through this page, and I'll walk you through how bank statement programs work, who they are best fit for, common questions asked by borrowers. And if you'd like to help navigate and review in your personal situation, just schedule a strategy call, and we'll walk through your options together.

01:31

Because sometimes, the issue isn't whether you can earn, if you earn enough income, it's whether or not the income is being evaluated the right way. Talk to you soon.

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Educational mortgage infographic explaining how bank statement loan programs work for self-employed borrowers and business owners. Image outlines the three-step process used in many bank statement mortgage programs, including selecting a 12-month or 24-month bank statement review period, evaluating real cash flow and income trends, and reviewing personal or business bank statements. Graphic highlights that lenders may evaluate consistent deposits, cash flow, income trends, business stability, and overall earning strength instead of relying only on taxable income after deductions. Image explains how bank statement mortgage programs may help self-employed borrowers, entrepreneurs, independent contractors, freelancers, and business owners qualify using real income and cash flow rather than traditional tax return calculations alone.

Mortgage FAQ infographic answering common questions about bank statement loan programs and self-employed mortgage qualification. Image explains that many bank statement mortgage programs focus on real cash flow and financial strength rather than traditional tax returns. Graphic answers common borrower questions about using business bank statements, fluctuating income, and qualifying without perfect tax returns. Image highlights that these programs may help self-employed borrowers, 1099 earners, commission-based professionals, consultants, freelancers, independent contractors, gig workers, hair stylists, and Uber or Lyft drivers. Educational graphic emphasizes that lenders may review actual cash flow, income consistency, and overall financial trends to provide a more accurate understanding of a borrower’s financial profile.