Non-QM · New York
Bank-statement loans for self-employed New York borrowers.
Qualify on deposits instead of tax returns. 12- or 24-month statements, subject to underwriting.
Fastest way to start
Talk to us about a bank-statement / Non-QM loan in New York
We work New York files from Westchester and Putnam, a short drive from our Ridgefield office, across Long Island, the five boroughs, the Hudson Valley, and upstate.
- Have 12–24 months of statements handy.
- Tell us the New York town or price range.
- No rate, approval, or timing guarantees.
Licensed lender and broker. No rate, approval, or timeline guarantees.
Self-employed in New York
New York runs on small business. Restaurant and deli owners, rideshare and delivery drivers, freelance creatives, Long Island contractors, and independent professionals often earn more than their tax returns show. Tax returns are designed to keep taxable income low, which is exactly what can make a conventional mortgage hard to get. A bank-statement loan looks at deposits instead.
Who it often fits in New York
- Restaurant, bodega, and retail owners with strong deposits
- Long Island and Hudson Valley contractors
- Freelance creatives and 1099 media workers
- Independent professionals who left a W-2 job recently, if the program allows the history
If your returns show a loss but your accounts show steady deposits, have the conversation before you assume the answer is no.
New York details worth knowing
Condos and 1–4 family homes are the most common bank-statement purchases in New York. Co-op boards set their own financial requirements and many Non-QM investors do not lend on co-ops, so co-op purchases take more shopping.
How a bank-statement loan works
- Pick the statement period. 12 or 24 months of personal or business statements, depending on which better reflects your income.
- Calculate qualifying income. Personal statements usually count eligible deposits. Business statements usually apply an expense factor or use a CPA or tax-preparer letter.
- Underwrite the rest of the file. Credit, down payment, reserves, and the property are reviewed like any other mortgage, subject to the investor’s guidelines.
- Shop it. In New York, Forte Financial works as a licensed mortgage broker and shops your loan with our investor network to find the program that fits. Loans are arranged through third parties.
Loan amounts on these programs can go up to about $3 million, subject to credit, assets, and the property. Primary homes, second homes, and investment properties may all be eligible.
What to have ready
- 12–24 months of statements for every account you want counted
- Proof you have been self-employed long enough, often two years
- Down payment and reserve statements
- A property address or a target price range
Programs, guidelines, and availability change and are subject to credit, income, property, and underwriting approval. Nothing here is a rate quote, a commitment to lend, or a guaranteed timeline. Forte Financial is a Registered Mortgage Broker, New York Department of Financial Services, RMB-208870.
Frequently asked questions
Can I buy a co-op with a bank-statement loan in New York?
Sometimes, but it is the hardest property type to place. Fewer Non-QM investors lend on co-ops, and the board will review your finances on its own terms. Condos and 1–4 family homes are easier.
Do I need tax returns for a bank-statement loan?
Usually not for qualifying income. That is the point of the program. You may still be asked for proof that the business exists, such as a CPA or tax-preparer letter or a business license.
What credit score do I need?
It depends on the program, the down payment, and the loan size. Stronger credit and more down payment usually get better terms. We will tell you what we see after reviewing the file.
How long does a bank-statement loan take to close?
It varies with the property, appraisal, title, and how quickly statements and explanations come in. We will give you a realistic timeline for your file, not a guarantee.
Are you a broker or a lender?
In New York, Forte Financial works as a licensed mortgage broker and shops your loan with our investor network to find the program that fits. Loans are arranged through third parties. Forte Financial is a Registered Mortgage Broker, New York Department of Financial Services, RMB-208870.
Related pages
Also in New York: DSCR investor loans in New York · HELOCs in New York
Bank-statement loans in other states we serve: Connecticut · New Jersey · Massachusetts · Pennsylvania · Florida · South Carolina · North Carolina · Texas
Learn: Bank statement loan requirements for the self-employed · DSCR vs. bank-statement loans: which fits?
Bank-statement / Non-QM program overview → · All states and loan types →
Start with a call or the application.
Tell us about the New York property and what you are trying to do. We will tell you honestly whether Bank-statement / Non-QM fits.