Yes — deposit-based Non-QM can finance rentals when your business cash flow supports the purchase. Expect more equity than a primary, and we will also compare DSCR when the property’s rent is the stronger story.
Common patterns on bank statement investment files — investor overlays still apply.
Occupancy
Investment / rental
Not personal second-home use
Down payment
Often 20–25%+
Higher equity than primary Non-QM
Income path
Your deposits
12–24 months personal or business statements
Alt path
DSCR option
Qualify on rent vs. PITIA when it fits better
Reserves
Often 3–6+ months
Stronger reserve asks are common
Vesting
Personal or LLC
Entity rules vary by investor
Investment guidelines vary by investor and change without notice. Not a guarantee of approval.
Pick the income story that underwrites cleanly — not the label that sounds familiar.
Ryan & Steve run a deposit income calc and, when useful, a DSCR rent-vs-payment check — then recommend the cleaner investor path.
We size down payment, reserves, and vesting (personal vs. LLC) so the pre-approval matches how you actually plan to hold the property.
If conventional investment financing works with your tax returns, we will say so. Bank statement shines when write-offs make agency income look thinner than your real cash flow.
Investor file checklist
Related bank statement guides and Non-QM resources from Ryan & Steve.
Typical equity ranges by occupancy type.
Personal-use occupancy vs. rental guidelines.
Qualify on rental cash flow instead of personal income.
Full program hub with guidelines and Get Pre-Approved CTAs.
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Yes — many Non-QM bank statement programs allow investment purchases. Expect more down payment than a primary home, and compare with DSCR when rental cash flow is the cleaner qualifying story.
Often 20–25%+ depending on credit, reserves, and investor. Investment LTVs are typically tighter than primary bank statement purchases.
Bank statement uses your personal/business deposit income. DSCR qualifies mainly on the property’s rent vs. PITIA. Self-employed investors sometimes fit one better than the other — we run both when it helps.
Some investors allow entity vesting; others require personal name. Ownership docs, operating agreements, and guarantor credit still apply. We confirm entity rules before you structure the offer.
Ryan & Steve will compare bank statement vs. DSCR on your numbers — then pre-approve the path that underwrites cleanly.
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.
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