Loading
Loading
Brawley sits in Imperial County — an agricultural hub where many residents run their own operations. Business owners, farmers, and contractors often show modest taxable income despite strong cash flow.
Standard loans use tax returns to verify income. That kills deals for self-employed borrowers who write off legitimate expenses. Bank statement loans fix that problem directly.
12 or 24 months
Bank Statement Period
640 (typical)
Min Credit Score
10–20% typical
Down Payment
Non-QM
Loan Type
Higher — Non-QM premium
Rate vs. Conventional
Bank Statement Loans in Brawley
You'll need 12 to 24 months of bank statements — personal, business, or both. Lenders average your monthly deposits to calculate qualifying income.
Most lenders want a 640+ credit score and 10–20% down. Reserves matter here. Lenders want proof you can cover payments beyond closing.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Brawley.
Brawley sits in Imperial County — an agricultural hub where many residents run their own operations. Business owners, farmers, and contractors often show modest taxable income despite strong cash flow.
Standard loans use tax returns to verify income. That kills deals for self-employed borrowers who write off legitimate expenses. Bank statement loans fix that problem directly.
You'll need 12 to 24 months of bank statements — personal, business, or both. Lenders average your monthly deposits to calculate qualifying income.
Bank statement loans are Non-QM — meaning they don't follow Fannie Mae or Freddie Mac rules. Not every lender offers them. You won't find these at most retail banks.
As a broker with access to 200+ wholesale lenders, we shop this product across multiple Non-QM investors. That matters — pricing and guidelines vary widely between lenders.
The biggest mistake self-employed borrowers make: mixing personal and business deposits in one account. Lenders discount business accounts to account for expenses — separate accounts get cleaner treatment.
Business owners in Brawley often have seasonal cash flow. A 24-month average smooths out slow months better than a 12-month window. Ask which period tells your best story.
1099 loans work if your income comes entirely from contract work — they use 1099 forms instead of bank statements. P&L loans use a CPA-prepared profit and loss statement to qualify you.
If you own rental property, a DSCR loan skips your personal income entirely and qualifies based on the property's rent. Different tools for different situations.
Imperial County has a large concentration of agricultural businesses, farm operators, and small-scale contractors. Many file as sole proprietors or S-corps with heavy deductions.
Cross-border business activity between Brawley and Mexico is common. Lenders scrutinize foreign deposits. Keep domestic income clearly documented and separate.
Yes. Personal statements work fine. Business statements often get a 50% expense factor applied, so personal deposits may qualify you for more.
Most lenders require 2 years of self-employment history. Some accept 1 year with strong compensating factors like high reserves or a large down payment.
Yes, typically. Non-QM loans carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Most lenders want 3–6 months of payment reserves. Larger loan amounts or lower credit scores may require more.
Bank statement loans can work on rural properties, but acreage limits and property type restrictions vary by lender. We check those before you fall in love with a listing.
Lenders average all 12 or 24 months regardless. A 24-month window usually produces a more stable average if your income fluctuates seasonally.