Self-employed? Your deposits — not your tax returns — decide what you qualify for. Enter your numbers to estimate your qualifying income, maximum housing payment, and home-buying budget.
The lender and program set your expense factor based on your business type and documentation — we don’t choose it. This is an estimate only, so try a few to see the range.
Assumes a 50% DTI and the current LiveLendLA Bank Statement rate of 6.25% on a 30-year term. Your expense factor is determined by the lender’s underwriting, not by LiveLendLA — it varies by industry and documentation. Confirm your real number with Derek.
Budget reserves roughly 20% of the housing payment for property taxes, insurance, and HOA, then solves for the loan amount at the current bank statement rate. Down payment is added to the loan to produce the total budget. Illustrative only — not a pre-approval or commitment to lend.
A bank statement loan ignores your tax returns and qualifies you on cash flow. The lender averages 12–24 months of deposits, applies an expense factor to account for business costs, and uses the result as your qualifying income. This calculator follows the same logic:
Your real expense factor is set by the lender’s underwriting guidelines — not by you and not by LiveLendLA. It depends on your industry and documentation: a low-overhead consultant may land at 10%–20%, while a product business may sit closer to 50%. That single number moves your budget the most, which is why an exact review matters. See the full bank statement loan guide for details.
An estimate gets you in the ballpark. Send Derek your details and he'll request your statements through a secure portal — never an open form — and come back with the real qualifying income a lender will use.