Traditional (agency) loans
Conventional and FHA loans use tax returns. If your write-offs are aggressive, your qualifying income may be lower than your take-home reality.
Bank statement loans
Underwriters use 12–24 months of business or personal bank deposits to calculate income — no tax returns required.
1099 and P&L programs
Some lenders qualify on 1099 income alone or off a CPA-prepared profit and loss statement.
DSCR
For investment properties, DSCR loans qualify based on the property's rental income rather than yours.
Key takeaways
- Multiple paths beyond tax returns exist.
- The right program depends on documentation, not size of income.
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