Pick one account for business receipts, one for personal use and a regular transfer from the first to the second. A pattern like that is easy for a reviewer to follow, and it reduces the number of deposits they have to exclude.
A simple structure
- All client payments go to the business account.
- Business costs are paid from that account.
- You pay yourself on a schedule to your personal account.
- Personal bills come from the personal account.
How long it takes to show
A lender cannot change your past statements, so a new structure only shows up in the months that follow. If you start now, you may have enough clean months to use a short window. Otherwise it will help the next time you apply or refinance.
Mistakes to avoid
- Moving large sums back and forth to create a pattern.
- Closing old accounts in the middle of an application.
- Using the business account for personal purchases.
If your money is already mixed, a loan officer can still help. Some programs accept it, with more review. See personal vs business statements.
Related
Ready to talk it through?
Apply online or call. A loan officer will review your situation.
Frequently asked questions
Do I need an LLC to separate my money?
No. A sole proprietor can open a separate account for business receipts. An entity is a legal and tax choice you should discuss with a professional.