Process · 5 min read
Can I use money from my business checking account for the down payment?
August 25, 2026 · Written by Bill Egan, NMLS 7342
Short answer
Sometimes, if you own the account and we can show the withdrawal will not starve the business. If we are also using your self-employment income, the underwriter looks at cash flow, not just the balance. A big outgoing transfer the week of closing can hurt both the company and the loan. Egan Financial Group LLC will not count business cash that makes the tax-return income unbelievable.
01
Why this comes up
The personal account is lean. The LLC account is not. You pay yourself when you feel like it, and you want to move money over for the house. You asked because a friend with a regular paycheck never had this problem, and you do not want to guess wrong with payroll still due.
02
Where this goes wrong
A large transfer hits personal checking and looks like an unsourced deposit, so the underwriter pulls it out of usable cash. Or the business account drops so low that the income we used no longer looks stable. Or you are not the sole owner and the other partner never agreed. Underwriting stops. Payroll at the business still has to clear, and the closing date does not care.
03
What we do about it
We look at ownership, the business statements, and whether the withdrawal is safe for the company. If it is not, we use a different source. Egan Financial Group LLC originates, underwrites, and funds here, so that cash-flow test happens before you are short at the table.
04
How to get ready
Bring full business statements, not a screenshot. If you will transfer money to personal checking, do it early and keep the trail. Talk to your CPA before you drain operating cash. If there is a partner, we may need their okay. Do not move the money the night before closing.