Loading
Loading
Corcoran sits in Kings County's agricultural core. Many local business owners, contractors, and farmers run their own operations.
Tax returns rarely show true income for self-employed borrowers. Bank statement loans solve that problem directly.
12–24 Months
Statement History
620 Typical
Min Credit Score
10–20% Min
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Corcoran
Lenders want 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Most programs require a 620 or higher credit score. Expect a down payment of at least 10 to 20 percent.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Corcoran.
Corcoran sits in Kings County's agricultural core. Many local business owners, contractors, and farmers run their own operations.
Tax returns rarely show true income for self-employed borrowers. Bank statement loans solve that problem directly.
Lenders want 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Bank statement loans are non-QM products. Most banks and credit unions don't offer them — wholesale lenders do.
We work with 200+ wholesale lenders. That gives Corcoran borrowers access to programs most local banks can't touch.
Business owners often write off heavy expenses. That tanks their taxable income — but their deposits tell a different story.
Lenders apply an expense ratio to business accounts. Personal accounts get full deposit credit. Which account you use matters.
A 1099 loan works if your clients pay you on 1099 forms. A P&L loan uses a CPA-prepared statement instead of bank records.
Bank statement loans fit borrowers with steady deposit history. If your income is asset-based, asset depletion may work better.
Kings County has a strong agricultural economy. Farm operators and ag-service businesses are common borrower profiles here.
Seasonal income patterns are real in this region. Lenders averaging 24 months of statements handle that variability better.
Yes, if you operate as a self-employed business owner. Lenders will average your deposit history to determine qualifying income.
It depends on the lender. Some require both. Others accept one or the other — your broker will match you to the right program.
A 24-month average smooths out seasonal swings. It usually produces a stronger qualifying income than a 12-month snapshot.
Yes. Non-QM loans carry higher rates than conventional products. Rates vary by borrower profile and market conditions.
Lenders may exclude them or ask for explanation. Irregular large deposits can skew your average and raise underwriting flags.