Frequently Asked Questions

How many months of bank statements do I need for a plumber home loan?

Most programs offer 12-month or 24-month options. A 12-month program uses your most recent year of deposits — advantageous if income has grown recently. A 24-month program averages two years — better for stable or gradually growing income. A Non-QM loan officer should run both calculations for your specific situation.

What is an expense ratio on a bank statement loan?

The expense ratio is the percentage of business deposits attributed to operating costs. Most programs default to 50% for business accounts — meaning 50% of deposits count toward qualifying income. If your documented actual expense ratio is lower, a CPA letter can support a reduced ratio and increase your qualifying income.

Can a self-employed plumber buy a home in Texas?

Yes. Texas is one of the strongest markets for Non-QM lending due to its no-state-income-tax advantage for landlords, strong population growth, and major data center investment in DFW, Houston, Austin, and Abilene. Self-employed plumbers in Texas regularly qualify through bank statement and 1099 programs.

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