Question 1

How many months of bank statements do I need?

Accepted Answer

Most lenders want 12 or 24 months. More history gives you stronger qualifying income and more lender options.

Question 2

Can I use business bank statements?

Accepted Answer

Yes. Lenders apply an expense ratio to business deposits to estimate net income. Personal statements skip that step.

Question 3

Are bank statement loan rates higher than conventional?

Accepted Answer

Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.

Question 4

Do I need to be self-employed to qualify?

Accepted Answer

Bank statement loans are designed for self-employed borrowers. W-2 employees have better options with conventional loans.

Question 5

Can I buy rural property in Amador County with this loan?

Accepted Answer

Yes, but not every lender handles rural or small-town properties. Lender selection is critical for Amador City purchases.

Bank Statement Loans in Amador City, CA