Borrowers often use "NSF" and "overdraft" to mean the same thing. On a bank statement loan, the difference can matter. Programs define these items in their own words, some count them differently, and
"What's the max DTI on a bank statement loan?" is one of the first questions a loan officer asks when a self-employed borrower calls. The honest answer is that it depends on the program, and the publi
Originally published at https://statementready.net/guides/cash-deposits-bank-statement-loans. A lot of self-employed borrowers get paid in cash. Think of barbers, food trucks, contractors, landscapers
