Business Statements
Total 12/24-month business deposits multiplied by an underwriter-assigned net income ratio (typically 50%) divided by the period — yielding monthly qualifying income.
Bank Statement Loans
Let your bank statements do the talking — a mortgage program purpose-built for self-employed owners, cash-business operators, and entrepreneurs.
Why Choose
Why Self-Employed Borrowers Choose It
For self-employed individuals, real income often diverges significantly from what tax returns show. To minimize taxes, owners deduct depreciation, expenses, and operating costs — leaving documented net income far below actual cash flow. Conventional loans rely strictly on tax-return Net Income, which often makes self-employed borrowers fail DTI thresholds and qualify for far less than they should.
Bank Statement loans use real deposit activity in business or personal accounts as income evidence — closer to actual operations and substantially improving approval rates and loan amounts.
- Income evidenced by actual deposit activity
- No W-2 or tax return required
- Loan amounts reflect true earning capacity
- Approval timelines comparable to standard mortgages
Program Details
Program Snapshot
Key parameters of the GMCC Mercury Bank Statement Loan program.
- Statements Required12 or 24 months of personal or business bank statements
- Loan AmountUp to $4,000,000
- Credit Score660+ (700+ for the best pricing)
- Down Payment20%–30% based on credit and property type
- Max LTVUp to 80%
- Property TypePrimary, second home, investment, 2–4 unit
- Loan Products30-year fixed, 5/6 ARM, Interest-Only options
- Self-Employment Proof2+ years of business operation (exceptions possible)
How It Works
How We Calculate Income
We use real deposit activity, adjusted by industry, to derive qualifying income.
Personal Statements
Total 12/24-month personal deposits divided by months — typically 100% credited as monthly income (excluding obvious non-business inflows).
Combined Approach
Some programs allow combining business and personal statements — ideal for owners with mixed salary and distribution income.
Case Study: A Restaurant Owner's Loan Story
Mr. Lee, owner of a Boston-area restaurant chain, reported only $55,000 of net taxable income in 2024 — too low to support a $900,000 conventional mortgage. Switching to 24 months of business bank statements, his annual deposits totaled ~$1.2M. At a 50% net income ratio, that translated to ~$50,000 in monthly qualifying income — and the loan was approved.
Note: illustrative only. Final qualification subject to underwriting.