Bank statement loans - qualify with real cash flow
Designed for self-employed Californians using 12-24 months of deposits.
What is a Non-QM (Bank Statement) loan?
Non-QM loans use bank deposits instead of tax returns-useful when write-offs reduce taxable income.
PROS
Use business/personal bank statements
Flexible income calculations
Higher loan limits and property flexibility
CONSIDERATIONS
Larger down payment and reserves
Higher rates/costs than agency
Close review of deposits and business stability
BASIC ELIGIBILITY
Self-employed with consistent deposits (12-24 months)
Acceptable credit/reserves
Reasonable DTI based on calculated income
CALIFORNIA NOTES
Popular with consultants, contractors, creatives, and small businesses
Some programs allow 2-4 units, second homes, or investments
Frequently Asked Questions
Typically not unless documented.