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Paradise is rebuilding. Self-employed contractors, business owners, and tradespeople are buying here as the town recovers.
Bank statement loans let you qualify on actual cash flow — not what your tax return shows after deductions.
12-24 Months
Statement History
680+
Typical Min. Credit
10-20%
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Paradise
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits to calculate income.
Most lenders want a 680+ credit score and 10-20% down. Some go lower on score if your cash flow is strong.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Paradise.
Paradise is rebuilding. Self-employed contractors, business owners, and tradespeople are buying here as the town recovers.
Bank statement loans let you qualify on actual cash flow — not what your tax return shows after deductions.
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits to calculate income.
Bank statement loans are non-QM products. That means most big banks won't touch them — you need wholesale lenders.
SRK CAPITAL works with 200+ wholesale lenders. We find who's pricing this loan competitively right now.
The biggest mistake self-employed borrowers make: mixing personal and business deposits. Keep accounts clean before applying.
If you're using business statements, expect lenders to apply an expense ratio — usually 50%. Personal statements get treated dollar for dollar.
A conventional loan needs two years of tax returns and W-2s. If you write off heavily, that kills your qualifying income.
A 1099 loan is close to this product — but bank statements work better when income fluctuates month to month.
Post-Camp Fire, Paradise has a large base of self-employed rebuild contractors and small business owners. This loan was built for that profile.
Butte County property values have shifted significantly since 2018. An accurate appraisal matters more here than in stable markets.
Yes. Lenders apply an expense ratio — often 50% — to business deposits. Personal statements avoid that reduction.
Most lenders require at least two years. Some accept one year with strong compensating factors like high reserves.
Yes. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
Generally yes, but the property must appraise and meet lender condition requirements. Some lenders restrict recently rebuilt homes.
Most lenders want 3-6 months of payments in reserves. Stronger reserves can offset a lower credit score.