Question 1

Can I use personal and business bank statements together?

Accepted Answer

Some lenders allow it, others require one or the other. Mixing accounts can complicate income calculations and slow underwriting.

Question 2

How much do I need for a down payment in Fremont?

Accepted Answer

Most bank statement programs require 10–20% down. Higher loan amounts or lower credit scores typically require more down.

Question 3

Are bank statement loan rates higher than conventional rates?

Accepted Answer

Yes — non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 4

What counts as a qualifying deposit?

Accepted Answer

Regular business revenue counts. Transfers between your own accounts, loans, and one-time windfalls typically do not count toward income.

Question 5

Do I need to be self-employed for two years?

Accepted Answer

Most lenders require at least two years of self-employment history. Some programs allow one year with strong compensating factors.

Question 6

Can I buy an investment property with a bank statement loan?

Accepted Answer

Yes. Some lenders offer bank statement programs for non-owner-occupied properties, though requirements are stricter and rates are higher.

Bank Statement Loans in Fremont, CA for Self-Employed Borrowers