Bank Statement Income
Non-QM deposit analysis over 12 or 24 months, with personal vs. business accounts and configurable expense factors.
For self-employed borrowers whose tax returns understate their cash flow, bank-statement programs offer a path to qualify on deposits. The challenge is filtering out transfers, one-time items, and non-business deposits, then applying a reasonable expense factor to arrive at usable income.
IncomeCalculator.com reads 12 or 24 months of statements, totals the qualifying deposits from each statement's own summary, and applies the expense factor you choose — giving you a monthly income figure suited to Non-QM underwriting, with every deposit total reviewable and correctable.
What to upload
- 12 or 24 months of personal or business bank statements
- A business narrative or P&L to support the expense factor
- A letter explaining account ownership when using business accounts
How the calculation works
Total qualifying deposits
Deposits are summed across the chosen period from each statement's own printed totals, and every figure stays reviewable against the source page.
Apply the expense factor
A configurable expense factor (or a documented P&L) converts gross deposits into net qualifying income.
Average to monthly
The net figure is averaged over 12 or 24 months and tested for consistency across the period.
Supported programs
Non-QM bank-statement programs. This path is designed specifically for borrowers documenting income through deposits rather than tax returns.
Common questions
12 months or 24 months?
Both are supported. You pick the period your program requires and the calculation averages accordingly.
Personal or business accounts?
Either. Business accounts typically use a higher expense factor; the calculation accounts for the account type you select.
What if a deposit total was misread?
Every extracted figure is correctable in one click, and the calculation re-runs immediately — a misread never becomes a dead end.