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Bank Statement Loans for Doctors, Dentists and Practice Owners
High revenue, heavy overhead and big loan needs. Practice owners often fit statement-based review.
Practice owners often document income from the practice's statements, with an expense factor and proof of ownership. Larger loan amounts are common in this group, and lenders tend to review reserves and credit closely.
Why statements fit doctors and dentists
A practice shows large revenue and large costs, and tax strategy often reduces the profit a return reports. Newer clinicians who bought into a practice or opened their own can look very different on paper than their cash flow would suggest.
How a lender reads your deposits
Practice revenue is paid by insurers, patients and sometimes a management company. A lender looks at which account receives it, how much is passed to you as pay and which deposits are regular. Payroll and lease costs are real, so documented factors may matter more here than for a sole proprietor.
What to watch for
- Insurer payments that arrive in lumps.
- Partner buy-ins and equipment financing.
- Employed income and owned-practice income mixed in one file.
- Tax professional letters that do not name your ownership share.
Documents to gather
- Practice or personal statements for the window
- Ownership documents such as a partnership or operating agreement
- A letter from a CPA, enrolled agent or licensed preparer
- Licenses and proof of board status
- Asset statements for reserves
General information only. Each program sets its own rules, and a lender must verify your income and ability to repay.
Related
- What you need to prove
- How expense factors work
- Small business owners
- 1099 contractors
- Gig workers
- Real estate agents
Doctors and dentists by city
- Doctors and dentists in Greensboro, NC
- Doctors and dentists in Columbia, SC
- Doctors and dentists in Dallas-Fort Worth, TX
- Doctors and dentists in Houston, TX
- Doctors and dentists in Jacksonville, FL
A loan officer who works with doctors and dentists
Apply online or call, and we will tell you what to pull together first.
Frequently asked questions
Do employed physicians use these programs?
Employed doctors usually have paystubs and a contract, so a standard loan may fit better. Statement programs fit owners and independent contractors.
Are loan amounts for professionals different?
Larger loans are common in this group, and select programs go well beyond conforming limits with extra review.