Question 1

Can I use business bank statements in Placerville?

Accepted Answer

Yes, but lenders apply an expense ratio to your deposits. Personal statements often qualify you for more.

Question 2

Do I need two years of self-employment history?

Accepted Answer

Most lenders require 2 years. Some non-QM lenders accept 12 months with strong deposit history.

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

Can I buy a rural property in El Dorado County?

Accepted Answer

Often yes, but some lenders add restrictions on acreage or non-standard properties. We shop lenders who handle these files.

Question 5

What if my deposits are inconsistent month to month?

Accepted Answer

Lenders average 12–24 months of deposits. Wild swings lower your qualifying income and may require more documentation.

Bank Statement Loans in Placerville, CA