approvedmortgagesolutions.com

Your broker is: Kalil Jones

Search
Close this search box.

Where are you in the home buying process?

Will you be applying with a co-borrower?

What is your employment status?

How would you like to qualify?

Self-employed borrowers can qualify a couple of different ways. Pick whichever fits your situation best.

What is your estimated gross annual income?

What is your estimated credit score?

Please fill the details below to see your options.

Profile Submitted!

Great news—Step 1 is complete! We've received your homebuyer profile. Would you like to input your liabilities now to calculate your purchasing power and unlock your initial pre-qualification estimate?

Before You Submit

What is your co-borrower's estimated credit score?

What is your co-borrower's employment status?

How would your co-borrower like to qualify?

Self-employed borrowers can qualify a couple of different ways. Pick whichever fits their situation best.

What is your co-borrower's estimated gross annual income?

Bank Statement Loan

What type of bank statements will you provide?

We'll use these to calculate your qualifying income — no tax returns required.

Bank Statement Loan

How many months of statements will you provide?

Bank Statement Loan

Enter Your Total Business Deposits

Add up all the deposits shown across every statement and enter that one combined total below — this is not a monthly amount. We'll divide it by the number of months to get your average monthly figure automatically.

Bank Statement Loan

Select Your Expense Ratio

By default we use a standard 50% expense ratio — no documentation required — meaning 50% of your average monthly deposits count as qualifying income. If your actual business expenses run lower, a letter from your accountant or CPA confirming your expense ratio lets you qualify with more income.

Bank Statement Loan

Enter Your Documented Expense Ratio

Enter the expense ratio percentage confirmed in your accountant/CPA letter. The remainder of your average monthly deposits will count as qualifying income.

Must be lower than 50%.
Bank Statement Loan

Your Bank Statement Income Summary

Statement Type:

Months Provided:

Total Deposits:

Average Monthly Deposits:

Expense Ratio Used:

Qualifying Monthly Income:

Qualifying Annual Income:

Bank Statement Loan

What type of bank statements will your co-borrower provide?

We'll use these to calculate your co-borrower's qualifying income — no tax returns required.

Bank Statement Loan

How many months of statements will your co-borrower provide?

Bank Statement Loan

Enter Your Co-Borrower's Total Business Deposits

Add up all the deposits shown across every statement and enter that one combined total below — this is not a monthly amount. We'll divide it by the number of months to get the average monthly figure automatically.

Bank Statement Loan

Select Your Co-Borrower's Expense Ratio

By default we use a standard 50% expense ratio — no documentation required. If actual business expenses run lower, a letter from an accountant or CPA confirming the expense ratio allows more income to be used.

Bank Statement Loan

Enter Co-Borrower's Documented Expense Ratio

Enter the expense ratio percentage confirmed in the accountant/CPA letter. The remainder of average monthly deposits will count as qualifying income.

Must be lower than 50%.
Bank Statement Loan

Co-Borrower Bank Statement Income Summary

Statement Type:

Months Provided:

Total Deposits:

Average Monthly Deposits:

Expense Ratio Used:

Qualifying Monthly Income:

Qualifying Annual Income:

Input Your Liabilities

Review and adjust your monthly debts below.

Edit My Profile

Click any section below to update your information.

Mortgage Calculator

📊 How Your Bank Statement Income Was Calculated
💰 Reserve Requirements

📋 Documentation Note
⚠ Important Notice — Credit Score

Bank statement loan programs typically require a minimum credit score in the 640–660 range. Scores below that may still qualify with a larger down payment (15%+ or more) and additional reserves as compensating factors. A specialist will review your full profile to explore available options.

*Preliminary Estimate Notice: Any amount entered for property taxes, insurance, or other inputs is for the sole purpose of generating this preliminary payment estimate. All figures shown are for preliminary planning purposes only and will be officially documented, verified, and updated by your Loan Officer and cleared by Underwriting based on specific property details, final loan program guidelines, and Lender Guidelines.
*Disclaimer: The Loan Originator reviewing your file prior to issuing your official pre-approval letter will verify your net rental income using the Schedule E from your most recent year's tax returns. The figure you inputted for monthly rent for this initial pre-qualification was only used to offset your mortgage payment up to the full payment amount, but will not add any excess rent to your qualifying income.

Application Submitted!

Your information has been sent to one of the Approved Mortgage Solutions loan specialists for review. You will be updated within the next 24 hours.