Free calculator · Self-employed buyers
Your tax return vs. what a lender counts.
Lenders add some write-offs back to your Schedule C profit. Enter two years of returns to see what you qualify for, and what each loan costs you in taxes. Sample numbers shown.
Schedule C two most recent years
| Line | Prior year | Last year |
|---|---|---|
| L31Net profit or (loss) | ||
| + L12Depletion | ||
| + L13Depreciation | ||
| − L24bMeals (full amount) | ||
| + L30Business use of home | ||
| +Amortization, casualty or one-time costs | ||
| +Business miles | ||
| Depreciation per mile ($) | ||
| Income a lender can count | — | — |
Income dropped, so lenders will likely use last year only.
The home
Bank-statement loan
Lenders count deposits minus an expense factor, often 50%.
Rates and limits
Sources: Freddie Mac weekly average and the Federal Reserve.
Your rate = index + margin. Bank-statement loans usually price higher.
Taxes
A bank-statement loan doesn't use your tax return, so you can take every deduction.
Estimates only. Not a loan approval, rate quote or tax advice. Lender guidelines vary. Tax figures use 2025 federal rates.