Fontenot MortgageOdette Fontenot · Mortgage broker
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The loans

The maths

Odette

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Self-employed

What does a lender think you earn?

A bank statement lender does not read your tax return. It reads your deposits, takes your ownership share, and then subtracts an assumed expense factor. This does that arithmetic in front of you, with the deduction shown as its own line — because that line is the negotiation.

Illustrative only. Every figure is computed in your browser from what you type. Nothing here is a quote, an offer of credit, an APR or a rate lock, and no result is stored or sent anywhere.

Twelve months of deposits

Total credits into the account each month, before you take anything out. Transfers between your own accounts should be excluded here — a lender will strip them anyway.

100

A forty percent partner counts forty percent of the deposits. Evidence it with an operating agreement or a preparer’s letter.

35%

What the lender assumes your business costs. Common range is twenty to fifty percent, set by programme and industry.

43%

Only used for the housing-budget line at the bottom. It is not a programme maximum and not a promise.

Qualifying income

$0

per month, as a bank statement programme would read these twelve deposits

Total deposits
$0
Your share of them
$0
Monthly average
$0
Removed by the factor
$0
Best month
$0
Worst month
$0

Twelve months, and the line through them

Above averageBelow averageThe average the lender uses

What this means for a payment

The assumptions, stated.

  • Deposits are treated as eligible in full. In a real file, transfers between your own accounts, refunds, loan proceeds and one-off asset sales are removed first, which usually lowers the total.
  • The expense factor is applied after the ownership share, which is the common order but not universal.
  • The housing-budget line assumes no other monthly debts. Car payments, cards and student loans all come out of the same ratio.
  • Nothing here accounts for credit score, reserves, property type or the programme’s own minimum income. All of those can change the answer.

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—The other seven

The next step

Numbers are a start. A file is a conversation.

If the calculator says something you did not expect, that is usually worth ten minutes on the phone rather than another hour of typing.

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