(Lender rules) Deephaven Mortgage · as of Jan 19, 2023
Deephaven bank
statement income.
How Deephaven Mortgage's published bank statement guidelines turn deposits into qualifying income, and how DepositDesk applies them to your file. Every figure links back to the lender's own document.
(01) The rules
What Deephaven publishes.
| Rule | What the published guidelines say |
|---|---|
| Personal statements | 100% of eligible deposits, averaged. Transfers between personal accounts excluded; transfers from the business account are fine. |
| Business statements | Fixed 50% expense ratio × ownership, or a third-party prepared expense statement, or a third-party P&L. Borrower must own at least 50%. |
| Large deposits | Over 50% of the monthly gross deposit average: explain with an LOE consistent with the business, or source. |
| Transfers and wires | Wire transfers and transfers from other accounts must be documented or excluded. |
| NSF | Any NSF activity in the past 12 months must be explained; excessive NSF or overdraft activity may make the borrower ineligible. |
| Third-party P&L | Average deposits within 20% of P&L gross revenue; income = P&L net × ownership ÷ 12. |
Calculated per Deephaven Mortgage's published guidelines (as of Jan 19, 2023). DepositDesk is not affiliated with Deephaven. Guidelines change without notice; confirm with your Deephaven account executive before you quote.
(02) Worked example
The math on a sample file.
$360,000 eligible business deposits over 12 months, 60% owned: × 60% × (1 − 50%) ÷ 12 = $9,000 a month.
(03) In DepositDesk
What the worksheet flags.
- Ownership under 50%
- Any NSF (explanation needed)
- Large deposits over 50% of the monthly average
- Note: the newest public Deephaven document we could open is from Jan 2023. Confirm current rules with Deephaven.
The worksheet, CSV and lender PDF all carry the line “Calculated per Deephaven Mortgage's published guidelines (as of Jan 19, 2023). DepositDesk is not affiliated with Deephaven.” so the underwriter sees which rules you used.
(04) Sources
Read the lender's own documents.
- Bank statement features sheet, Jan 19, 2023
- Wholesale underwriting guidelines §8.3–8.4, effective Jan 10, 2022
DepositDesk is independent and isn't affiliated with, endorsed by or approved by Deephaven Mortgage. Names are used only to identify whose published guidelines are applied.
(05) FAQ
Questions brokers ask.
How does Deephaven calculate bank statement income?+
Personal statements: 100% of eligible deposits, averaged. Transfers between personal accounts excluded; transfers from the business account are fine. Business statements: Fixed 50% expense ratio × ownership, or a third-party prepared expense statement, or a third-party P&L. Borrower must own at least 50%. Large deposits: Over 50% of the monthly gross deposit average: explain with an LOE consistent with the business, or source.
Is DepositDesk affiliated with Deephaven?+
No. DepositDesk is an independent tool for brokers. It applies Deephaven's publicly published rules as of Jan 19, 2023 and links the source documents. The lender's underwriter determines final qualifying income.
How do I run a file with Deephaven's rules?+
Open the DepositDesk tool, choose Deephaven Mortgage under Lender rules, then drop in the borrower's statements. The worksheet and PDF are labelled with the lender and the guideline date.
(Next step)
Run your next file with Deephaven rules.
Pick the lender, drop in the statements, and export a worksheet labelled with the guideline date. Your first file is free; statements never leave your browser.