How this mortgage path is commonly used
Bank-statement programs review a defined period of deposits and apply program-specific expense and eligibility rules. They are not no-document loans.
Potential features
- Alternative to traditional tax-return income analysis
- Personal or business statement paths may be available
- Purchase and refinance uses
- Designed with self-employed cash flow in mind
Important considerations
- Deposit sourcing and business activity are reviewed
- Expense factors vary
- Transfers and non-business deposits may be excluded
- Credit, assets, property, and reserves still matter
Common starting points
Eligible self-employed borrowersBusiness owners with consistent depositsBorrowers comparing conventional and alternative documentation
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.