Question 1

Can I use business bank statements instead of personal?

Accepted Answer

Depends on the lender. Some accept business-only accounts, others require personal, and some blend both. We match you to lenders based on your account structure.

Question 2

What if my deposits vary wildly month to month?

Accepted Answer

Use a 24-month average instead of 12 months to smooth volatility. Underwriters calculate mean monthly deposits, so more data points help with seasonal businesses.

Question 3

Do lenders count all deposits as income?

Accepted Answer

No. They exclude transfers between your own accounts, refunds, and one-time events. Only recurring business revenue counts toward income calculation.

Question 4

How much can I borrow with bank statement loans in Brentwood?

Accepted Answer

Loan amounts follow standard debt-to-income ratios, typically 43-50% DTI. Your qualifying income determines the max loan, not the loan program itself.

Question 5

What credit score do I actually need?

Accepted Answer

Most programs start at 620, though some lenders go to 600 with larger down payments. Above 680 unlocks better rates and more lender options.

Bank Statement Loans in Brentwood: Financing for Self-Employed Buyers