Quick answer
- Who it may fit
- Business owners whose cash flow is not reflected by tax-return income alone.
- Down payment or equity
- Purchase cash or refinance equity and reserves depend on the investor; closing costs remain separate.
- Insurance & fees
- Non-agency rates and fees may be higher; insurance treatment varies by lender.
- Key eligibility
- Business statements or assets, credit, property and history must meet investor rules.
- Main tradeoff
- Alternative documentation can widen access at a higher total borrowing cost.
Down payment is not total cash to close. Educational guidance pending licensed review.
The secure application opens outside lndwell.com. This page is not an application or pre-approval.
Business owners, contractors and 1099 earners often write down taxable income legitimately, which can make a standard tax-return calculation look thin. Bank-statement, profit-and-loss and asset-depletion programs qualify from deposits or assets instead. These sit outside agency guidelines, so terms vary by investor.
- Business owners and partners
- Independent contractors and 1099 earners
- Borrowers with substantial assets but modest reported income
- Income can be evaluated from business deposits or assets rather than tax returns alone
- Available on primary homes, second homes and, at some lenders, investment property
- Often the workable route when a standard calculation falls short
- Pricing is generally higher than a comparable agency loan
- Down-payment and reserve expectations are typically greater
- Documentation requirements are specific — the right months of statements matter
- Guidelines differ substantially between investors
These are the factors an underwriter typically reviews. They are not a checklist of requirements, and meeting them does not guarantee eligibility or approval.
- A verifiable self-employment or 1099 history under the program's rules
- Business bank statements, a profit-and-loss statement or qualifying assets
- Credit review under the investor's guidelines
- An acceptable property and appraisal
All loans are subject to credit, income, property and underwriting approval. Nothing on this page is a loan offer, an approval, a rate lock or a commitment to lend. Programs, rates and terms are subject to change without notice.