UHM Platinum Bank Statement Loan – Smarter Financing for Self-Employed Borrowers in 2025
UHM Platinum Bank Statement Loan - A Flexible Mortgage Solution for Self-Employed Borrowers
The UHM Platinum Bank Statement Loan Wisconsin program is built for self-employed borrowers, entrepreneurs, and investors who deserve flexible financing that fits real-life income.
Traditional mortgages often penalize successful small business owners because tax deductions make their net income look smaller on paper. Union Home Mortgage's new Platinum Bank Statement Loan changes that - allowing you to qualify with 12 or 24 months of personal or business bank statements instead of tax returns.
This program offers one of the most practical Non-QM (non-qualified mortgage) options in the market for 2025.
Who Qualifies for a Bank Statement Loan?
This loan is ideal for:
- Self-employed professionals (1099 earners, business owners, consultants, freelancers)
- Real estate investors seeking flexible income verification
- Borrowers with strong cash flow but limited reportable taxable income
- Second home and investment property buyers looking for Non-QM flexibility
According to the official UHM product matrix (page 1 - 2 of the Platinum Bank Statement Program Guide), you can qualify using:
- 12- or 24-month personal or business bank statements
- Primary, second, or investment properties
- Minimum FICO: 660
- Maximum LTV: 85%
- Maximum DTI: 50%
- Loan sizes: $100,000 to $3 million (senior management approval required above $2 million)
- Cash-out limit: $500,000
- Reserves: Minimum 6 months
All loans are manually underwritten - a hallmark of UHM's Platinum Non-QM programs - meaning you'll work directly with an experienced underwriting team to evaluate your unique financial picture.
How the UHM Bank Statement Loan Works
Instead of relying on W-2s or tax returns, UHM reviews your bank deposits to determine income. Here's the process (based on pages 4 - 5 of the program guide):
- Provide 12 or 24 consecutive months of bank statements (personal or business).
- Underwriters calculate average eligible monthly deposits.
- They apply an expense factor (to reflect business costs).
- The result = qualifying monthly income used for your mortgage approval.
Example: If your business averages $20,000 in monthly deposits and uses a 50% expense ratio, your qualifying income equals $10,000/month - no tax returns required.
This structure makes it possible for self-employed buyers to leverage real revenue instead of taxable write-offs.
Two Expense Factor Options
Based on the Expense Factor table on page 5, you can qualify using one of two verified approaches:
- Fixed Expense Ratio: 50% expense rate, regardless of business type.
- Third-Party CPA or Licensed Tax Preparer Statement: Verifies actual expenses as a percentage of annual revenue (minimum allowed expense factor: 10%).
This flexibility ensures UHM can tailor qualification to your specific business model - whether you're a real estate agent, contractor, investor, or medical professional.
Property Types You Can Finance
Eligible property types (page 2 - 3 of the guide):
- Single-family homes (attached or detached)
- 2 - 4 unit properties
- Townhomes, PUDs, and warrantable condos
- Modular homes and log homes (façade only)
Not eligible: manufactured/mobile homes, land trusts, commercial properties, agricultural or mixed-use properties.
Example: A Self-Employed Success Story
Let's say a Milwaukee entrepreneur earns most of their income through consulting contracts, bringing in $25,000/month in deposits. After applying a standard 50% expense factor, UHM calculates $12,500/month in qualifying income.
That's enough to purchase a $750,000 primary home with 15% down, without ever needing to show a tax return.
This flexibility is why Non-QM lending is quickly becoming one of the fastest-growing mortgage categories in 2025.
You can read more about similar investor-focused programs in our UHM Platinum DSCR Loan Guide - another product that evaluates loans based on property cash flow instead of personal income.
Key Program Highlights
| Feature | Details |
|---|---|
| Occupancy | Primary, Second, and Investment Properties |
| Credit Score | Minimum 660 |
| LTV / CLTV | Up to 85% |
| DTI | Up to 50% |
| Loan Size | $100,000 - $3 million |
| Cash-Out | Up to $500,000 |
| Reserves | Minimum 6 months |
| Underwriting | 100% Manual (Non-QM) |
Why UHM's Bank Statement Loan Outperforms Other Non-QM Programs
Unlike many Non-QM lenders, UHM applies common-sense underwriting - not automated systems.
That means experienced loan officers review your real-world financial picture, not just what fits into a software algorithm.
Borrowers also benefit from:
- No tax returns required
- High LTVs (up to 85%) even on investment properties
- Up to 50% DTI allowed
- Flexible reserve and credit requirements
This is one of the few Non-QM programs available that supports primary, second, and investment properties, giving you freedom to buy, build, or expand.
Related Reading for Wisconsin Borrowers
If you're weighing your options between Non-QM and conventional loans, check out:
- Conventional Loans in Wisconsin - 2025 Smart Choice Guide
- Construction-to-Permanent Loans in Wisconsin - Build and Finance Your Dream Home in 2025
These internal links help Wisconsin borrowers navigate your complete range of mortgage options.
Ready to Qualify Without Tax Returns?
If you're self-employed, a business owner, or an investor who doesn't fit traditional lending guidelines, the UHM Platinum Bank Statement Loan gives you the flexibility to buy or refinance using your real income flow.
Let's review your bank statements, discuss your goals, and get you pre-approved within days - not weeks.
Contact & CTA Block
Adam Zeman - NMLS #870441
Union Home Mortgage
Serving Milwaukee, Waukesha & all of Wisconsin
📞 414-975-2654
📧 azeman@uhm.com
🌐 www.mkemortgage.com
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