Bank Statement Loan Processing | CTC Processing LLC
Self-employed borrowers often can't qualify with traditional income documentation. Bank statement loans use 12 or 24 months of business or personal bank statements to determine qualifying income. CTC Processing specializes in bank statement income analysis and Non-QM investor submissions.
Key requirements
- 12 or 24 months bank statements
- self-employed 2+ years
- expense ratio applied (typically 50% business, varies by investor)
- 620–700+ credit
- 10–20% down
- reserves 3–6 months
Processing steps
- 1Collect 12 or 24 months bank statements
- 2calculate average monthly deposits
- 3apply expense ratio
- 4confirm qualifying income
- 5submit to Non-QM investor
- 6clear conditions
- 7CTC
Common conditions
- CPA or tax preparer letter confirming self-employment and business type
- business license
- profit and loss statement (some investors)
- explanation of large non-business deposits
- business ownership documentation
How we process it
Every Non-QM investor has a slightly different expense ratio and calculation methodology. CTC calculates income under multiple investor guidelines on intake to identify the best fit before submission.
Frequently Asked Questions
What is an expense ratio in bank statement loan processing?
The expense ratio is the percentage of gross deposits assumed to be business expenses. A 50% ratio means only half of deposits count as income. Ratios range from 10–50% depending on the business type and investor.
Can I use personal bank statements instead of business?
Yes — personal bank statement programs use personal account deposits with a lower expense ratio. Some investors allow personal statements for borrowers who co-mingle business and personal finances. CTC identifies the best program for each borrower's situation.
How long does bank statement loan processing take?
Non-QM processing typically runs 21–35 days due to manual income calculations and investor-specific underwriting timelines. CTC completes the bank statement analysis within 24 hours of file receipt.
Bank Statements — closed with precision.
Hand us the file. We'll handle the guideline, the conditions, and the closing.