Bank Statement Loan Case Study: Self-Employed Consultant Buys a Home
- By Jim Blackburn
- on
Client Profile
- Name: Jordan K.
- Age: 39
- Profession: Marketing Consultant (Self-Employed, 7 years)
- Location: Dallas, TX
- Home Type: Modern 3-bed home in an up-and-coming neighborhood
- Purchase Price: $495,000
- Loan Type: 12-Month Bank Statement Loan
- Down Payment: 15%
- Credit Score: 714
The Challenge
Jordan had strong business income but wrote off a significant portion on his tax returns—making his AGI too low for conventional mortgage approval. He’d been turned away by two lenders, even though he had excellent credit, consistent revenue, and a sizable down payment.
What he needed was a lender that could evaluate his actual income through bank deposits, not just what showed up on paper after write-offs.
The Strategy
We used Jordan’s last 12 months of business bank statements to document income, averaging deposits to qualify his true earning power.
Key benefits of the structure:
- No tax returns or W-2s required
- Used personal and business account analysis
- 15% down with no PMI
- Loan closed in 23 days
- Flexible interest-only payment option available (declined for now)
The Outcome
- Jordan closed on his dream home with no red tape or IRS paperwork
- His monthly payment was just 29% of verified income (well within DTI limits)
- He’s now recommending the loan to peers in his entrepreneur network
- He retained funds for business growth instead of draining his savings
Quote from Jordan:
“This loan was made for business owners like me. I knew I could afford the house—I just needed a lender who looked at the whole picture.”
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