HomeDaddy AI · J.D., MBA · Licensed Arizona REALTOR® (ADRE #SA713873000 · HomeSmart LLC)

12/24-Month Bank Statement, 1099 & Asset-Depletion Non-QM Income Qualifier

Advisor Takeaway (Stephen R. Mannenbach): Self-employed Scottsdale & Phoenix homebuyers and investors can qualify using 12-month or 24-month Business or Personal Bank Statements, reducing the default 50% expense factor down to 15%–35% via a CPA/EA Expense Ratio Letter, or layering 60/84-month Asset Depletion. Dual-licensed representation via HomeSmart & Loan Daddy LLC ((480) 485-1229).

Self-Employed Non-QM Deposit & CPA Expense Audit Desk

12/24-Month Bank Statement, 1099 & Asset-Depletion Inputs

Non-QM Income Documentation Track

Avg. Monthly Eligible Business Deposits ($)

Borrower Business Ownership (%)

Expense Factor Calculation Method

CPA / EA Stated Expense Ratio (%, Min 15% Floor)

NSF / Overdrafts in Trailing 3 Months (Count)

NSF / Overdrafts in Trailing 12 Months (Count)

Eligible Post-Close Liquid / Retirement Assets ($)

Asset Depletion Amortization Factor (Months)

Proposed Monthly Housing PITIA ($/mo)

Other Monthly Credit Report Obligations ($/mo)

Non-QM Deposit Qualification Verdict · HomeDaddy AI · Stephen R. Mannenbach

Qualifying Income, DTI & NSF Gate

Net Qualifying Monthly Income

$31,500/mo

Expense Factor: 25%

Qualifying Back-End DTI

21.1% DTI

Guideline Cap: 50.0% (55% w/ Reserve Comp)

Max Housing PITIA @ 50% DTI

$14,500/mo

Net of $1,250/mo other debts

NSF / Overdraft Tolerance Gate

ELIGIBLE_WITH_LOE

0 in 3 mo · 1 in 12 mo

4-Method Non-QM Qualifying Income Comparison

Underwriting Method	Expense Haircut	Qualifying Income
CPA Expense Ratio Letter	25% Expense	$31,500/mo
Standard 50% Fixed Factor	50% Default	$21,000/mo
1099 Contractor Track	10% Expense	$37,800/mo
Asset Depletion (60 Mo)	Asset / 60	$10,833/mo

Arranged by Loan Daddy LLC · ADRE #SA713873000 · (480) 485-1229 · Mortgage broker, not a lender.

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Stephen R. Mannenbach is a Licensed Real Estate Salesperson / REALTOR® in the State of Arizona (ADRE #SA713873000), brokered by HomeSmart LLC. Equal Housing Opportunity. All property square footage, HOA fees, school boundaries, business financials, and market statistics are deemed reliable but not guaranteed and should be independently verified through ARMLS and Maricopa County records.