Yes — on many Non-QM programs. Personal statements work when revenue or owner draws land in your personal account. Here is how personal vs. business documentation differs and which deposit factor applies.
Two documentation paths — we pick the one that maximizes usable income for your scenario.
Personal accounts
Best when business revenue lands in your personal account or you draw owner distributions that show as clear deposits. Programs often count a higher percentage of deposits as income.
Business accounts
Ideal when revenue stays in the business account. Underwriters apply an expense factor so deposit totals reflect realistic net cash flow after operating costs.
How personal account deposits translate into qualifying income on Indiana Non-QM files.
Deposit factors and expense assumptions vary by investor. We run both paths before you apply to find the strongest qualifying income.
If all your revenue deposits directly into a personal checking account — common for sole proprietors and many 1099 contractors — personal statements are usually the simpler path.
If revenue stays in a business account and you pay yourself periodically, compare both: business statements with an expense factor vs. personal statements showing only your draws. The path with higher net qualifying income wins.
Ryan & Steve review your actual statements before application so you document the right account from day one.
Common personal-statement fits
Related bank statement guides and Non-QM resources from Ryan & Steve.
12 vs. 24 month lookbacks, consecutive rules, and gap handling.
How deposit averaging calculates qualifying income.
Credit, down payment, reserves, and borrower profiles.
Full hub with personal vs. business comparison.
2MG Daily
Recent articles on bank statement financing, Non-QM options, and self-employed homebuying.
No related blog posts yet. Check back soon for the latest updates.
Yes — many Non-QM programs accept personal bank statements when business revenue lands in your personal account or you take owner draws and distributions. Personal paths often use a higher deposit percentage than business statements with an expense factor.
Use whichever account shows the clearest, most consistent revenue pattern. Personal statements fit sole props and single-member LLCs; business statements fit when revenue stays in the entity account. We compare both paths before you apply.
Owner draws and distributions deposited into a personal account are often counted as eligible income when the pattern is consistent and documented. Transfers from your own business account may need to be excluded on the business side to avoid double-counting.
Personal bank statement programs often count a higher percentage of total deposits — sometimes 50–100% depending on the investor. Business statements typically apply an expense factor (e.g., 50%) to reflect operating costs. Exact factors vary by program.
Ryan & Steve compare personal vs. business statement paths on your actual deposits — so you document the right account from the start.
Ryan Minick and Steve DeLon — Branch Managers & Senior Loan Officers at Luminate Bank. Based in Kokomo, Indiana. Lending nationwide since 2005.
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
Luminate Bank NMLS# 1281698
Kokomo's Mortgage Team. Lending Nationwide.
1221 Appletree Lane, Kokomo, IN 46902
Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved.
© 2026 The 2 Mortgage Guys at Luminate Bank. All rights reserved.