Utah Stated Income Loans: Bank Statement Programs for Wasatch Front and Statewide Investors
Utah has one of the highest rates of self-employment and small business formation in the United States — a function of the state’s entrepreneurial culture, LDS community-based business networks, and the tech startup density of Silicon Slopes. The state produces an enormous number of self-employed investors who need alternative documentation programs: software founders who bootstrapped companies and pay themselves primarily through equity events, not regular W-2 salaries; direct sales and network marketing professionals (Utah has a disproportionately high concentration of MLM and direct sales companies headquartered here) with variable commission income; construction entrepreneurs who build aggressively and depreciate everything; and the growing Park City and resort corridor hospitality operators whose seasonal income patterns confound conventional underwriting.
MKK Capital arranges stated income financing for Utah investment properties through our private capital network. Programs available include 12 and 24-month business and personal bank statement programs, CPA P&L programs, 1099 programs, and asset depletion for high-net-worth borrowers with significant investment accounts.
Utah Stated Income Loan FAQ
I founded a Lehi software company and paid myself mostly in stock. I have $1.8M in vested RSUs but my W-2 is only $95,000. What programs work?
Two programs are relevant for your profile. First, asset depletion: if you’ve converted RSUs to liquid securities or cash, an asset depletion program can treat your $1.8M portfolio as qualifying income by dividing eligible assets by loan term (e.g., $1.8M ÷ 360 months = $5,000/month). Second, if you have additional business income flowing through personal or business accounts beyond the W-2, a bank statement program can capture that. Many Silicon Slopes founders use a combination approach — the W-2 plus asset depletion creates a qualifying income basis sufficient for a meaningful Utah investment property loan. Consult with your financial advisor on which assets are best positioned for asset depletion documentation.
I run a Park City vacation rental management company with strong summer and winter peaks. How does seasonality affect my bank statement qualification?
24-month bank statement programs handle Park City seasonality by averaging the full two-year deposit history. Your high-revenue ski season (December–March) and summer outdoor recreation peak are balanced against the shoulder season months. As long as the annual average monthly deposit produces sufficient qualifying income after expense ratio application, seasonality doesn’t disqualify you — it just argues for 24 months over 12 months. If your most recent 12 months was substantially stronger than the prior 12, you may prefer a 12-month program that captures the recent improvement; we’ll identify the best window for your specific deposit history.
Submit Your Utah Stated Income Scenario
Share your business type, years self-employed, approximate monthly deposits or asset values, target Utah property and city, and loan amount. Silicon Slopes founders: include equity compensation structure if relevant. Initial terms within 24–48 hours.