Bank Statement / No-Doc in Kansas City

Deposits, not tax returns. We can underwrite on 12 to 24 months of bank statements, or structure a no-doc loan that leans on the property and your reserves, on loans from $100K to $3M. One thing to keep separate: if your business operates inside Kansas City's city limits, it also files the city's 1 percent earnings tax on net profits, due every April 15 even in a loss year, on the Form RD-108 or RD-108B return. We could not read the city's own guidance directly, so confirm the current form and due date with the city or your CPA. That is a city filing, not part of how we qualify this loan, but it belongs in your own cash-flow math alongside it.

Not for how we qualify your bank statements, but yes for the earnings tax. Kansas City's 1 percent tax on business net profits applies to activity inside the city limits, which covers Kansas City itself along with the Waldo/Brookside and Westport/Midtown submarkets. Run the same business out of Independence, Lee's Summit, Blue Springs, Raytown, or Grandview and that filing doesn't apply. Either way, we read the deposits the same, business or personal name, LLC or otherwise.

$100,000 to $3 million, and most Jackson County deals land well inside that. FFIEC HMDA data puts the county's 2023 average origination at about $240,000 and its 2024 average at about $253,000. That is a high-volume, single-family market, not a jumbo one, so a self-employed buyer with a straightforward bank-statement file is the norm here, not the exception.

It can. The Land Bank of Kansas City screens buyers on proof of funds for both the asking price and the rehab, plus clean tax and code standing across every other Kansas City property you own, before it will show you a structure. A self-employed borrower's bank statements are exactly the kind of documentation that screen is asking for. Get your financing lined up before you go looking, not after you've found the house.

No, and that's the point of business-purpose lending. Missouri licensing turns on loan purpose and whether the borrower is a natural person, never on property type, so a business-purpose loan to an LLC on a Jackson County investment property sits outside the state's residential mortgage loan act. Missouri's Division of Finance has not published guidance confirming that reading, so it rests on the statutory text alone and your own structure is worth confirming with Missouri counsel. Your LLC's business account statements are exactly what this program is built to read, whether the deed is in your name or the company's.

A bank statement loan qualifies you on 12 to 24 months of business or personal bank deposits instead of tax returns, which suits self-employed borrowers whose returns understate their real income. A no-doc (or no-ratio) loan goes further and leans on the property and your reserves rather than any income calculation. Both are business-purpose loans for investment property, not consumer mortgages.

Correct. We do not ask for tax returns, W-2s, or pay stubs on these programs. We verify the deal, your credit, and either your bank-statement cash flow or your reserves, depending on the structure. It is built so write-offs and a complex return do not work against a strong borrower.

Self-employed investors, business owners, and 1099 or commission earners whose write-offs shrink their taxable income. If your bank deposits tell a stronger story than your tax return, this is usually the right fit.

We lend from a credit score of 640, with the best terms going to stronger credit, and a down payment starting around 20%. Across the market these programs often want 660 or higher and 20% to 30% down. Stronger credit and more equity improve both your rate and your leverage.

Pricing is higher than a fully documented conventional loan because the lender takes on more uncertainty, and it varies with your credit, leverage, and the structure. We offer both short-term and long-term options, so we match the term to whether you are flipping, bridging, or holding.

Yes. These are business-purpose loans and routinely close in an LLC or other entity. Holding investment property in an entity is standard and often preferred.