Bank Statement Loans for Self-Employed Borrowers in Utah
Your write-offs work for you in business. They shouldn't work against you when buying a home.
The Zuma + Newport Alt Doc Advantage
As a self-employed business owner, you write off standard business expenses to minimize your tax liability. But when you try to get a mortgage from a traditional retail bank, those deductions reduce your qualifying income—destroying your real purchasing power.
My signature **Zuma and Newport Bank Statement Loan Programs** bypass traditional W-2 and tax returns entirely. Instead, I analyze your actual business or personal bank deposits over 12 or 24 months to calculate your true purchasing capability.
Program Parameters:
Qualify using deposits from personal bank statements (100% counted) or business accounts (adjusted by expense ratio).
I secure financing scenarios from $150K all the way up to $4M for premium Utah residential portfolios.
Enjoy up to 80% LTV on new purchases, cash-out options up to 75% LTV, and credit tiers accommodating FICO scores down to a 620.
First-time homebuyers are eligible on investment purchases, 100% gift funds are welcome, and non-warrantable condos are fully eligible.
Who Qualifies
Self-Employed Business Owners
Whether you are in restaurant, construction, real estate, medical, or legal fields, if you have been self-employed for 2+ years, you are welcome.
1099 Contractors & Freelancers
Gig workers, independent contractors, and consultants carrying 1099s instead of traditional W-2s qualify seamlessly.
A Simple Deposit Calculator
"Instead of looking at your tax returns, I use your actual bank deposits to calculate your income. If your business brings in $30K/month but your taxes show $8K after write-offs — we use the $30K."
Frequently Asked Questions
How do you calculate my business bank statement income?
Instead of looking at tax returns, I look at your actual gross deposits. If your business accounts receive $30,000 in monthly deposits but your tax returns show only $8,000 due to business write-offs, I will qualify you using the $30,000 deposits adjusted by a standard expense ratio.
Can I use personal bank statements?
Yes. In fact, if you transfer your business draws into a personal account, we can look at 12 or 24 months of personal statements and count 100% of those deposits as your qualifying income without any business expense ratio adjustment.
Are interest-only options available?
Absolutely. I offer competitive interest-only options on 30-year fixed structures to help keep your monthly overhead as low as possible while you grow your business cash flow.
Do you allow gift funds for the down payment?
Yes. I allow up to 100% gift funds for your down payment, closing costs, and reserves from eligible family members.
What properties are eligible under this program?
You can purchase or refinance primary residences, second homes, and investment properties. This includes single-family homes, townhomes, warrantable condos, and non-warrantable condos.
Ready to Qualify Without Tax Returns?
Let me review your bank statements and run a free cash-flow analysis to tell you exactly what you qualify for.