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Gridley sits in Butte County's agricultural corridor. Self-employment is common here — farming, trucking, and small business ownership dominate.
Tax returns rarely show what these borrowers actually earn. Bank statement loans exist precisely for this gap.
620+
Min Credit Score
12–24 Months
Statements Required
10–20%
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Gridley
You'll need 12 to 24 months of personal or business bank statements. Lenders average your monthly deposits to calculate qualifying income.
Most lenders want a 620+ credit score and 10-20% down. Strong deposits can offset a thinner credit file.
Big banks rarely offer bank statement loans. This product lives in the wholesale and non-QM lending space.
As a broker, we access 200+ wholesale lenders — including niche non-QM shops that specialize in exactly this loan.
The biggest mistake I see: mixing personal and business expenses in one account. Lenders apply an expense factor to business statements — messy accounts hurt your qualifying income.
Use personal statements if your deposits are clean. You keep 100% of the deposit average. Business statements often get a 50% expense haircut applied.
A 1099 loan works better if most of your income is documented on 1099s. A P&L loan fits borrowers with a CPA who prepares clean profit and loss statements.
Bank statement loans beat both when your income is varied and deposited regularly. They're more flexible on income source.
Gridley's agricultural economy means many borrowers have seasonal income. Lenders want to see deposits across all 12 months — not just peak harvest season.
As of April 2026, Butte County home prices remain accessible compared to coastal California. That works in your favor — loan amounts stay moderate and approval gets easier.
Yes. Most lenders accept business statements for LLCs. Expect a 50% expense factor applied to your average monthly deposits.
Most bank statement lenders require a 620 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.
It can. Lenders average 12 to 24 months of deposits. Consistent annual deposits across all months strengthen your file.
Plan for 10-20% down. Lower credit scores typically require more down. Cash reserves also factor into approval.
If your tax returns understate your income, yes. This loan uses actual cash flow instead of taxable income to qualify you.