Get approved without tax returns.
Bank statement, P&L-only, 1099-only, asset-depletion, and DSCR programs for Colorado business owners, contractors, and investors. 30+ wholesale investors, one local team.
Why self-employed borrowers get denied — and how we fix it
Most banks score self-employed income off your tax returns. After write-offs, depreciation, and Schedule C deductions, your qualifying income looks tiny — even when your business is thriving. We use the programs your tax preparer can't see: bank statements, P&Ls, 1099 totals, and liquid assets.
- Tax-return AGI$78,000
- → Max conventional purchase price (28% DTI, 20% down)~$340,000
- 24-mo bank statement qualifying income$185,000
- → Max purchase price~$820,000
Example only — actual qualifying income depends on industry, expense factor, credit, and reserves.
Self-employed loan programs we offer in Colorado
12-Month Bank Statement Loan
Qualify off 12 months of business or personal bank statements — we average deposits and apply an expense factor. No tax returns required.
Best for: 1099 contractors, consultants, restaurant & shop owners
24-Month Bank Statement Loan
Lower rates than 12-month programs. Same logic — averaged deposits over 24 months, with an expense factor based on your industry.
Best for: Established self-employed borrowers wanting the best Non-QM pricing
P&L-Only Loan
Qualify off a CPA-prepared profit & loss statement covering the last 12–24 months. No bank statements, no tax returns.
Best for: Borrowers with clean books but messy bank-statement deposits
1099-Only Loan
Qualify off the gross income on your 1099 minus a standard expense factor. Faster than bank-statement underwriting.
Best for: Real estate agents, insurance brokers, sales reps
Asset Depletion / Asset Qualifier
Qualify off liquid assets (brokerage, retirement, savings) divided by a term. No income documentation required.
Best for: Retirees, high-net-worth, post-exit founders
DSCR Loan (Investment Property)
For rental properties only — qualify off the property's rent vs. PITI. Zero personal income docs.
Best for: Investors scaling rental portfolios
Who we close every week in Colorado
Roofers, electricians, builders — bank statement loans capture cash deposits your tax returns hide.
Front Range and mountain-town operators using 24-month bank statements or P&L-only.
1099-only loans skip the 2-year average rule that crushes newer agents.
1099 or P&L programs for high-earning solo consultants who write off heavily.
DSCR loans on STR income for Breckenridge, Telluride, Steamboat, Crested Butte.
Asset-depletion loans turn brokerage balances into qualifying income — no W-2 required.
Self-employed mortgage FAQs
Can I get a mortgage in Colorado if I'm self-employed?+
Yes. We close self-employed Colorado borrowers every week — using full-doc (2 years tax returns), bank statement loans (12 or 24 months), P&L-only, 1099-only, asset depletion, and DSCR for investment properties. We have 30+ wholesale investors with self-employed shelves, so we match the program to your actual income picture instead of forcing you through one rigid box.
How do bank statement mortgages work?+
We pull 12 or 24 months of your business or personal bank statements, average the deposits, and apply an expense factor (typically 25–50%, depending on industry). That number becomes your qualifying income. No tax returns, no W-2s, no profit-and-loss required for most programs.
What rate will I pay on a bank statement loan vs. a conventional loan?+
Bank statement and other Non-QM loans typically run 0.5%–1.5% higher than conventional rates. The premium is usually worth it because you can qualify for a much larger loan than your tax returns alone would allow — and you can refinance into conventional later if your tax-return income increases.
How much down payment do I need for a self-employed mortgage in Colorado?+
Most bank statement programs require 10%–20% down for primary residences, and 20%–25% for second homes / investment. Strong credit (700+) and 12 months of reserves can get you closer to 10%. DSCR rental loans typically need 20%–25% down.
Can I use bank statement income for a jumbo loan in a Colorado mountain town?+
Yes — we routinely do bank statement jumbos in Telluride, Aspen, Vail, Steamboat, and Crested Butte up to $3M+. Down payments are typically 20%–25% on primary homes and 25%–30% on second homes.
How long does a bank statement mortgage take to close in Colorado?+
Typical timelines run 21–30 days from contract to close — similar to conventional. Bank statement underwriting is slightly more manual, but our team is built around it.
Stop letting your tax returns shrink your buying power.
We'll match you to the right self-employed program in one call.