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Calexico sits on the US-Mexico border in Imperial County. Cross-border commerce drives a lot of self-employment here.
Many local business owners can't show W-2 income. Bank statement loans exist precisely for this borrower profile.
12 or 24 Months
Statement Period
640+
Min Credit Score
10–20%
Down Payment
Bank Deposits
Income Verification
Bank Statement Loans in Calexico
Lenders want 12 to 24 months of bank statements. They average your deposits to calculate qualifying income.
Most programs require a 640+ credit score and 10-20% down. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Calexico.
Calexico sits on the US-Mexico border in Imperial County. Cross-border commerce drives a lot of self-employment here.
Many local business owners can't show W-2 income. Bank statement loans exist precisely for this borrower profile.
Lenders want 12 to 24 months of bank statements. They average your deposits to calculate qualifying income.
Big banks don't offer bank statement loans. These are non-QM products held by specialty wholesale lenders.
At SRK CAPITAL, we shop across 200+ wholesale lenders. That means more programs and more competitive terms for you.
The biggest mistake self-employed borrowers make: applying with a retail bank first. You waste time and hurt your credit.
Business account statements need an expense ratio applied. A good broker knows which lenders use the most favorable ratios.
1099 loans work if your income shows clearly on 1099 forms. Bank statement loans work when cash flow tells a better story.
P&L statement loans require a CPA letter. Bank statement loans only need your actual account records.
Calexico's economy runs on retail, logistics, and cross-border trade. Most of that income is self-generated, not salaried.
Imperial County home prices are lower than coastal California. Loan amounts here stay within non-QM program limits more easily.
Yes. Lenders apply an expense ratio to business deposits. Personal accounts typically get a higher qualifying income.
Most lenders offer both options. 24 months usually gets you a better rate. 12 months works if your income is strong and consistent.
Most bank statement programs start at 640. Higher scores unlock better rates. Rates vary by borrower profile and market conditions.
It depends on how deposits are documented in a US bank account. A US-based account showing consistent deposits is what lenders evaluate.
Lenders average your monthly deposits over 12 or 24 months. Business accounts get an expense ratio deducted before averaging.
Approval standards differ from conventional loans, not necessarily harder. Consistent deposit history matters more than tax return income.