Atlas Mortgage Group is a licensed mortgage broker in Kansas City, Missouri (NMLS #2553297) that helps self-employed borrowers qualify for a home loan using bank statements instead of tax returns. Senior Mortgage Brokers Bryce Warnock and Tyson Holden work directly with more than 20 wholesale lenders to match self-employed borrowers with the bank statement program that fits their income.
If you run a business, work as a 1099 contractor, or earn commission income in the Kansas City metro, your tax returns often understate what you actually make once deductions are factored in. A bank statement loan looks at what actually lands in your account each month, not your taxable income, so it can open the door to a mortgage that tax-return underwriting would turn down.
A bank statement loan is a type of Non-QM mortgage that qualifies you using your bank deposits instead of tax returns or pay stubs. Instead of pulling your net income off a 1040, the lender averages your deposits over a set period, usually 12 to 24 months, and uses that average, minus an expense factor, as your qualifying income. It's built for people whose tax returns don't reflect their real cash flow: business owners who write off expenses, 1099 contractors, and commissioned earners.
Here's the basic process most lenders in Atlas Mortgage Group's network follow:
Guidelines vary by lender, so a program that turns down your file at one lender can still work at another. That's the advantage of using a broker: Atlas Mortgage Group compares your file across more than 20 wholesale lenders, including national names like United Wholesale Mortgage and PennyMac, instead of fitting you into one bank's box.
Self-employment is a significant part of the Kansas City economy. A 2022 Urban Institute analysis found Metro KC has about 25 small businesses for every 1,000 residents, which means a large share of local borrowers don't fit a standard W-2 underwriting model. (Urban Institute, "Assessing the Small-Business Landscape in Metropolitan Kansas City," 2022)
Bank statement loans tend to fit:
If your income doesn't look like a typical W-2 paycheck, a bank statement loan is worth a conversation before you assume you can't qualify.
Requirements vary by lender, but most bank statement programs ask for:
Because Atlas Mortgage Group isn't tied to one lender's checklist, we can tell you early which version of this list applies to your situation.
| Factor | Bank Statement Loan | Conventional Loan |
|---|---|---|
| Income documentation | 12–24 months of bank statements | 2 years of tax returns and W-2s |
| Best fit | Self-employed, 1099, commissioned earners | W-2 employees with steady pay |
| Lenders compared | 20+ through Atlas Mortgage Group's broker network | Whichever bank or lender you apply to directly |
Most lenders in Atlas Mortgage Group's network ask for 12 to 24 months of personal or business bank statements. Some programs accept as few as 12 months, depending on your down payment and credit profile. Because guidelines vary by lender, working with a broker who compares more than 20 of them can help you land on the shorter timeline if you qualify for it.
A bank statement loan qualifies you using your personal or business cash flow, while a DSCR loan qualifies the property using the rental income it produces, not your personal income at all. Bank statement loans work for a primary home, second home, or investment property. DSCR loans are for investment properties only. If you're self-employed and buying a home to live in, a bank statement loan is usually the right program. If you're buying a rental and want the property's income to carry the loan, ask about DSCR instead.
Bank statement loans typically carry a higher rate than a conventional loan with full tax-return documentation, because the lender takes on more underwriting work. The exact cost depends on your credit, down payment, and which lender's program fits your file, so Atlas Mortgage Group can't quote a rate without reviewing your situation. Comparing your file across more than 20 wholesale lenders is how we keep that cost as low as your file allows.
Most bank statement programs want to see at least 12 to 24 months of self-employment history, verified through a business license, CPA letter, or similar proof. If your business is newer than that, a bank statement loan may not be the right fit yet, but another program still could be. Talk to us before assuming you're stuck waiting.
No. Atlas Mortgage Group is a licensed mortgage broker (NMLS #2553297), not a direct lender, so it doesn't fund loans or set rates itself. Bryce Warnock and Tyson Holden take your application and place it with the wholesale lender in their network whose bank statement program and pricing fit your file best.
Every bank statement file is different. The fastest way to find out where you stand is to talk it through directly with Bryce or Tyson, not a call center.