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 qualifying deposits, removes obvious transfers and outliers, and applies the expense factor you choose — giving you a monthly income figure suited to Non-QM underwriting.
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, with transfers, refunds, and clear non-income items removed.
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. The assistant lets you pick the period your program requires and averages accordingly.
Personal or business accounts?
Either. Business accounts typically use a higher expense factor; the assistant accounts for the account type you select.
How are large one-time deposits handled?
Outliers and obvious transfers are flagged and excluded so they don't inflate the monthly average.