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Non-QM Conventional financing for self-employed Nevada borrowers. Qualify using bank statements instead of tax returns—perfect for business owners, freelancers, and 1099 contractors with strong cash flow.
Lenders analyze your bank statement deposits over 12-24 months to determine qualifying income. The calculation typically uses:
Personal bank statements: Best for sole proprietors
and contractors who deposit business income into personal accounts.
Lower expense ratios applied (25-30%).
Business bank statements: For established
businesses with separate business accounts. Higher expense ratios
applied (40-50%) to account for overhead.
Qualify using deposits, not tax-reduced income - perfect for self-employed Nevada borrowers
Lender analyzes 12-24 months of personal bank statements to calculate average monthly deposits:
For established businesses with separate business accounts. Lender reviews 12-24 months business statements to verify:
Business statements typically get 40-50% expense ratio deduction (vs 25-40% for personal statements) due to visible business expenses in account activity.
Business owners who write off maximum expenses (reducing tax income) but have consistent deposits. Common Nevada examples: contractors, real estate agents, consultants, freelancers, restaurant owners.
Uber/Lyft drivers, DoorDash, freelance workers with irregular income patterns. Bank statements show actual earnings better than 1099s (which may show gross, not net after expenses).
Real estate agents, mortgage brokers, insurance agents, salespeople. Bank statements capture actual commission income without needing 2-year history averaging that conventional loans require.
Restaurant owners, retailers, service providers who deposit cash regularly. Bank statements verify income that may not fully show on tax returns due to business deductions.
Started business within last 2 years. Conventional loans require 2 years tax returns. Bank statement loans only need 12-24 months deposits to prove income stability.
What you'll need to apply for a Nevada bank statement mortgage
Simplified Documentation = Faster Approval: Most Nevada bank statement loans approve within 3-5 days once complete statements are submitted (vs 7-14 days for conventional with full tax return review).
Solution: Request 12-month statements instead of 24 (if last year stronger) OR use business statements (often lower expense ratio than personal) OR provide 1099s to supplement bank statement income
Solution: Download full statements from online banking (showing all pages, account numbers, dates) OR request certified statements from bank branch on bank letterhead
Solution: Highlight true income deposits vs transfers (lender excludes internal transfers). Provide explanation of transfer purposes if needed.
Gather 12-24 months of bank statements and apply today. Our Nevada specialists will calculate your qualifying income and guide you through the process.
Yes, bank statement loans typically have interest rates 0.5-1.5% higher than conventional loans due to alternative documentation and perceived higher risk. However, for self-employed borrowers who can't qualify traditionally, the slightly higher rate is worth the ability to purchase or refinance.
Yes, many lenders offer 12-month bank statement programs. Using 24 months provides a stronger income picture and may result in better rates. If your income has increased recently, 12 months might be advantageous. If it's been stable or decreasing, 24 months could help.
Large non-recurring deposits (like inheritances, gifts, or one-time sales) are typically excluded from income calculations. Underwriters look for consistent, recurring deposits that demonstrate stable income. Be prepared to explain large or unusual transactions.
No, bank statement loan programs are specifically designed for borrowers who don't want to or can't use tax returns for income qualification. You'll need to show proof of self-employment (business license, CPA letter, etc.) but personal or business tax returns are not required.
Yes, bank statement loans are available for both purchase and refinance transactions. This includes rate-and-term refinancing to lower your rate or payment, and cash-out refinancing to access your home equity for business investments or other purposes.
Get pre-approved with flexible income documentation designed for Nevada's self-employed professionals.
Alternative income documentation for Nevada's self-employed professionals
Take significant business deductions that lower taxable income but have strong cash flow? Bank statement loans look at deposits, not tax returns.
Independent contractors, freelancers, and gig workers with variable income documented through consistent bank deposits.
Property investors with rental income, flipping businesses, or real estate commissions documented in bank statements.
Restaurant owners, retail shops, and service businesses with strong cash flow but high operating expenses.
Private practice doctors, dentists, and healthcare providers with practice expenses that reduce taxable income.
Software developers, consultants, and tech professionals with multiple income streams or contract work.
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Valley West Mortgage - NMLS #65506
Nevada Mortgage Lender License
Licensed to conduct business in Nevada
NMLS Consumer Access: www.nmlsconsumeraccess.org
We are an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. This company does not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or handicap.
This is not a commitment to lend. All loans subject to credit approval. Rates, terms, and conditions are subject to change without notice. Not all applicants will qualify. Additional restrictions may apply. Property insurance required. Flood insurance may be required. This website is for informational purposes only and does not constitute financial advice. Consult with a licensed loan officer for personalized guidance.