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Bank Statement Loans for Real Estate Agents
Commissions come in waves. Statement review is built to handle waves.
Agents commonly document commission income through deposits from the brokerage, using personal or business statements. Because closings are uneven, a longer window and a clear explanation of the pipeline often help.
Why statements fit real estate agents
An agent's year can swing from a month with three closings to a month with none. A tax return that nets out marketing, licensing, travel and desk fees may understate the commissions that reached the account.
How a lender reads your deposits
Brokerage payouts show up in the account under the brokerage's name, which makes them easy to identify. The reviewer looks for a consistent source, a reasonable pattern across the window and, if you are paid through an entity, evidence that the money flows to you.
What to watch for
- A single large closing carrying most of the window.
- Referral fees paid out of the same account.
- A recent move between brokerages.
- A gap right before the application.
Documents to gather
- Statements showing brokerage payouts
- Commission statements or closing records
- A real estate license and years in the business
- Proof of ownership if you operate through an entity
- A letter from a tax professional where the program uses one
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
- Doctors and dentists
Real estate agents by city
- Real estate agents in Charlotte, NC
- Real estate agents in Raleigh, NC
- Real estate agents in Charleston, SC
- Real estate agents in Myrtle Beach, SC
- Real estate agents in Northern Virginia, VA
- Real estate agents in Dallas-Fort Worth, TX
- Real estate agents in Austin, TX
- Real estate agents in San Antonio, TX
- Real estate agents in Tampa, FL
- Real estate agents in Orlando, FL
- Real estate agents in Miami, FL
- Real estate agents in Cape Coral and Fort Myers, FL
A loan officer who works with real estate agents
Apply online or call, and we will tell you what to pull together first.
Frequently asked questions
Can I count commissions I have not received yet?
Pending commissions are not deposits. A lender works from what has landed in the account.
Does a move to a new brokerage hurt me?
It can prompt questions about continuity. Your license history and the same line of work often matter more than the name of the firm.