EP.9 - How to Calculate Your Bank Statement Income

In this episode of the SEI Mortgage Podcast, Ryan Marks walks you through exactly how bank statement income loans work and how lenders calculate income using only your bank statements instead of tax returns. You’ll get a step by step screen share demonstrating how to calculate your own qualifying income using the SEI Mortgage free Bank Statement CalculatorThis episode is perfect for: • Self employed home buyers • Business owners with heavy tax write offs • 1099 earners and gig workers • Real estate investors looking to purchase or refinance • Anyone exploring non traditional mortgage optionsWhat you’ll learn: • How bank statement mortgage loans calculate income • The difference between taxable income and qualifying income • How lenders review 12 to 24 months of deposits • How to estimate your buying power before speaking with a lender • What an expense factor is If you’ve been told no by a bank because of your tax returns, this episode will show you a smarter way forward using alternative income mortgage programs built for self employed borrowers.👉 Use the same calculator featured in this episode here: https://seimortgage.com/bank-statement-calculator/🎧 Want more strategies for self employed mortgages, bank statement loans, DSCR loans, and non QM lending? Visit https://seimortgage.com or listen to the full SEI Mortgage Podcast for weekly education designed for real world earners.DISCLAIMER - Ryan Marks is a Licensed Mortgage Loan Originator (NMLS #519138) operating under The Turkey Foundation, Inc. (NMLS #236669), an Equal Housing Lender. Ryan conducts mortgage origination under his DBA, The Everyday Lending Group. SEI Mortgage is an educational brand only. It is not a mortgage lender, does not issue pre-approvals or loan estimates, and does not extend credit in any form. All information provided in this podcast is for educational and informational purposes only. Nothing in this episode should be interpreted as: Legal advice, financial advice, tax advice, real estate advice, a commitment to lend, an offer, quote, or guarantee of loan terms. Loan guidelines, program availability, rates, underwriting rules, and qualification methods for Non-QM mortgage programs can change at any time and may vary by lender, investor, market conditions, and state regulations. Examples given are hypothetical and may not reflect actual terms available to any borrower. Listeners should independently verify all calculations, assumptions, and program details with qualified professionals. Always consult with a licensed mortgage lender, real estate agent, CPA, financial advisor, or attorney before making decisions related to home financing, investing, or credit. This podcast is not affiliated with, endorsed by, or acting on behalf of Fannie Mae, Freddie Mac, FHA, VA, HUD, or any government agency. No government agency has reviewed or approved the content of this recording. The Turkey Foundation, Inc. 1805 E Garry Ave, Santa Ana, CA 92705 Equal Housing Lender