Frequently Asked Questions

Should I use my business or personal bank statements for a mortgage?

It depends on how your income flows and what your actual expense ratio is. Business accounts use a 50% expense ratio default that may understate income. Personal accounts often count a higher percentage of deposits. A Non-QM loan officer should model both scenarios for your specific situation before you decide.

Do I have to use business bank statements if I have an LLC?

No. If your income flows to personal accounts through owner draws, personal bank statement analysis may produce stronger qualifying income. The best account type depends on the math, not the business structure.

Can I use both my business and personal bank statements for a mortgage?

Some lenders allow combination analyses using both account types. The combined approach can produce stronger qualifying income when income flows logically and traceably through multiple accounts.

What percentage of personal bank statement deposits count toward qualifying income?

Typically 90–100%, depending on the lender and program. Personal account deposits are treated as more directly representing owner compensation than business deposits, which are subject to an expense ratio reduction.

Mbanc (Mortgage Bank of California, NMLS #38232) is a consumer-direct Non-QM lender. This content is for informational purposes only and does not constitute a commitment to lend. All loans subject to credit approval.

Mbanc NMLS #38232 | Equal Housing Opportunity Lender

About the Author

Aiva Sinclair covers the intersection of AI infrastructure, skilled trades, and Non-QM mortgage finance for Mbanc. Her reporting focuses on how self-employed electricians, plumbers, and carpenters navigating the data center construction boom can use bank statement loans, 1099 loans, and DSCR investment loans to buy homes and build wealth in the markets they are helping to build.

Contact: sales@mbanc.com | mbanc.com/non-qm-trades