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Biggs sits in Butte County's agricultural corridor. Many residents here run farms, small businesses, or seasonal operations — income that rarely fits a W-2 box.
Bank statement loans exist for exactly this borrower. No tax returns. No employer verification. Your deposits tell the story.
620+
Min Credit Score
12–24 months
Statements Required
10–20% typical
Down Payment
No
Tax Returns Required
Bank Statement Loans in Biggs
Lenders typically want a 620+ credit score for bank statement loans. Some go lower, but your rate takes a hit below that threshold.
You'll need 12 to 24 months of personal or business bank statements. Lenders average your monthly deposits to calculate qualifying income.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Biggs.
Biggs sits in Butte County's agricultural corridor. Many residents here run farms, small businesses, or seasonal operations — income that rarely fits a W-2 box.
Bank statement loans exist for exactly this borrower. No tax returns. No employer verification. Your deposits tell the story.
Lenders typically want a 620+ credit score for bank statement loans. Some go lower, but your rate takes a hit below that threshold.
Big retail banks don't offer bank statement loans. This is a non-QM product — only specialty lenders and wholesale channels carry it.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find the ones that price this loan fairly for your deposit pattern and credit profile.
Business owners often write off too much. Low taxable income kills a conventional approval — but strong deposits on a bank statement tell a different story.
Watch your expense factor. Lenders apply a cost ratio to business accounts — typically 50% or higher. Personal accounts get a better factor. Know which to use.
A 1099 loan uses your contractor income forms. A P&L loan uses an accountant-prepared statement. Bank statement loans use raw deposits — no preparer needed.
If you own rental properties, a DSCR loan qualifies on rent income instead. That may get you a better rate depending on the deal structure.
Butte County has a strong agricultural and small business base. Farmers and ag contractors here often show minimal taxable income despite solid cash flow.
Bank statement loans fit this profile well. If your operation runs through a business account, make sure 12 months of consistent deposits are there before you apply.
Yes, but lenders apply an expense factor — often 50% or more — to business deposits. Personal accounts typically yield higher qualifying income.
Most lenders accept 12 months. Seasonal or irregular income may require 24 months to show a full income picture.
Yes, significantly. Scores below 680 can push rates noticeably higher on non-QM products. Rates vary by borrower profile and market conditions.
Both. You can use this program to buy a primary residence or refinance an existing property in Butte County.
Conventional loans require tax returns and W-2s. Bank statement loans skip those entirely and use deposit history to verify income instead.