Question 1

How many months of bank statements do you need?

Accepted Answer

Twelve trailing months is our standard requirement. Longer statement periods (24 months) can sometimes support better pricing, but the baseline underwriting period is 12.

Question 2

Personal or business bank statements?

Accepted Answer

Business bank statements are our primary documentation. Personal statements may be considered on a scenario-by-scenario basis, but business accounts are the standard path — especially for LLC-vested investors whose rental income and business income flows through a business operating account.

Question 3

What percentage of deposits count as income?

Accepted Answer

50% of qualifying business deposits is the default starting point — that percentage accounts for typical business operating expenses that are not visible on bank statements alone. We can adjust the percentage up or down based on the industry, the nature of the business, and documentation. A CPA-signed letter describing the business and confirming a different expense ratio can support a different factor.

Question 4

Can I use a CPA letter to change the 50% deposit factor?

Accepted Answer

Yes. A letter from a licensed CPA or EA stating the business expense ratio (or confirming a different qualifying-income methodology) can support a deposit factor other than 50% — typically higher for service businesses with low overhead, or lower for high-cost-of-goods businesses. The letter should be on CPA letterhead, signed, and reference the specific business and statement period under review.

Question 5

How many NSFs (overdrafts) are allowed?

Accepted Answer

No more than one NSF (non-sufficient funds / overdraft event) in the trailing 12 months, typically. Multiple NSFs raise a concern about cash-flow management that affects both qualifying income and our willingness to fund the file. Single-event NSFs with a clear explanation (e.g., timing of a deposit) can often be addressed.

Question 6

How are large or irregular deposits treated?

Accepted Answer

Large deposits that are clearly tied to the business (customer payments, recurring invoices) count normally. Large one-time deposits from other sources (asset sales, gift funds, tax refunds, transfers from personal accounts) are typically excluded from qualifying deposit totals, because they are not reflective of recurring business income.

Question 7

How do seasonal or variable-income businesses qualify?

Accepted Answer

Seasonal businesses (landscaping, contracting, tourism, holiday retail) qualify normally — the 12-month averaging period smooths seasonal swings. We review the full 12 months to confirm that total deposits support the income calculation, not just the strong season.

Question 8

How long do I need to be self-employed?

Accepted Answer

Two years of self-employment is our standard. Shorter timelines (1-2 years) may work on strong files with high reserves, strong credit, and documented prior W-2 income in the same line of work, but the baseline is two years.

Question 9

Can I use this for a primary residence?

Accepted Answer

No. Quicker Home Loans is a business-purpose lender — we only finance investment properties, and our bank-statement program is exclusively for investment-property acquisitions and refinances. For primary-residence bank-statement loans, you need a consumer-mortgage lender (we do not originate those).

Question 10

Can I combine this with our DSCR program?

Accepted Answer

Sometimes. The bank-statement program is for scenarios where the property's rental income alone doesn't support the loan (DSCR below 1.0) but your business income does. When a property cash-flows cleanly (DSCR 1.0+), standard DSCR is usually the better product — lower documentation burden, often better pricing. Send us the scenario and we'll tell you which program fits.

Bank statement loans. Qualify on deposits, not tax returns.

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