Bank Statement Income Calculator
Estimate the qualifying income a bank statement loan would assign to your business deposits. Enter your average monthly deposits and expense factor — the calculator shows what income the lender would use for DTI math.
By Sunrise Lending
How qualifying income is calculated
Calculate your qualifying income
Why bank statement programs exist
A conventional mortgage qualifies income from your tax return. For a self-employed business owner, that means the lender opens your Schedule C and uses the net profit — after all legitimate deductions. The better your accountant, the lower that number looks.
Bank statement programs read the evidence that actually exists: your deposits. The average monthly deposit over 12 or 24 months reflects what the business generated before tax strategy reduced the taxable figure. The expense factor (50% default) is a reasonable proxy for what actually went to operating costs.
If your real expense ratio is below 50% — common for service businesses with few hard costs — a CPA letter documenting the actual ratio (say 35%) overrides the default and increases qualifying income. This is one of the most underused tools in the bank statement process.
Common questions
- How do bank statement loans calculate qualifying income?
- The lender averages your monthly business deposits over 12 or 24 months, then applies an expense factor (typically 50%) to arrive at qualifying income. A CPA letter documenting a lower actual expense ratio raises the qualifying income.
- What is the 50% expense factor?
- The 50% expense factor is the lender's default assumption that half your deposits go to operating costs. It avoids the need for detailed expense documentation. If your actual ratio is lower — say 35% — a CPA letter overrides the default and increases your qualifying income.
- Can I use personal bank statements instead of business?
- Some programs accept personal statements at 100% (no expense factor) when business deposits genuinely flow through a personal account. Mixed accounts complicate the calculation; both statement types may be required.
- Does the calculator account for a CPA letter?
- Yes — select a lower expense factor to model what a CPA letter could do for your qualifying income. For example, if your CPA documents a 35% expense ratio, enter 35% in the calculator to see the income difference.
- What credit score do I need for a bank statement loan?
- Most programs start at the mid-600s. Pricing improves materially at 700+ and 720+. The check-in asks for your score band so the matcher narrows you to programs your profile actually qualifies for.
See your actual qualifying income with a Sunrise officer
The calculator gives you an estimate. A licensed officer confirms the real number after reviewing your statements and any CPA documentation.
Related resources
Qualifying income estimates are for educational purposes only. Actual qualifying income is determined by the lender after reviewing verified bank statements and any CPA documentation. Expense factor overrides require a CPA letter on CPA letterhead. Program terms, look-back periods, and minimum deposit thresholds vary by lender. Not a commitment to lend.
Sunrise Lending · Equal Housing Opportunity. Matching rules are written and reviewed by licensed mortgage professionals. All loan decisions are made by licensed mortgage professionals. Not a commitment to lend. Loan approval subject to underwriting guidelines. This is not financial advice.