Bank statement loans: tell the story behind the deposits.

Describe the business first

A bank-statement financing conversation starts with how your business earns money. Explain what you do, how long you have operated and whether clients pay regularly, seasonally or by project.

Luke offers bank-statement options for owner-occupied and eligible business-purpose scenarios. Availability and documentation require a review of the particular request.

Deposits are not automatically qualifying income

Flag transfers between your own accounts, loan proceeds, refunds and unusual deposits when you discuss the statements. Business revenue also needs context about expenses and your ownership share.

Ask which accounts and statement period the program would require, how expenses are evaluated and what additional support is needed. Do not assume that every program uses the same expense factor or statement count.

Make the first conversation easy

Outline your property use, financing goal and available documentation in the income review. If you have an income estimate, label it as your estimate. Luke will review the actual documentation requirements with you.

• Describe your business and ownership
• Note whether income flows through personal or business accounts
• Explain seasonal activity or recent changes
• Keep account numbers and statements out of the public inquiry