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Lemoore sits in Kings County, where the median household income of $68,750 stretches across a market of modest, stable homes. Self-employed buyers here often have strong income but irregular W-2s — bank statements tell the real story of cash flow.
Bank Statement Loans skip the tax-return maze entirely. Instead of chasing 1040s and Schedule Cs, lenders average your actual deposits over 12 or 24 months.
620
Minimum FICO
20%
Minimum Down Payment
Bank statements only
Documentation
30–45 days
Typical Close
$832,750
2026 Conforming Limit
Bank Statement Loans in Lemoore
Bank Statement Loans typically require 620+ FICO and 20% down minimum. Lenders average your deposits over the chosen period — 12 months is standard, 24 months works if your income is newer or variable. The conforming limit in Kings County for 2026 is $832,750.
Your average monthly deposit becomes your qualifying income. If you average $6,000 monthly in deposits, that's your income floor for DTI purposes. No tax returns, no K-1s, no Schedule C surprises.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Lemoore.
Lemoore sits in Kings County, where the median household income of $68,750 stretches across a market of modest, stable homes. Self-employed buyers here often have strong income but irregular W-2s — bank statements tell the real story of cash flow.
Bank Statement Loans skip the tax-return maze entirely. Instead of chasing 1040s and Schedule Cs, lenders average your actual deposits over 12 or 24 months.
Bank Statement Loans typically require 620+ FICO and 20% down minimum. Lenders average your deposits over the chosen period — 12 months is standard, 24 months works if your income is newer or variable. The conforming limit in Kings County for 2026 is $832,750.
Bank Statement Loans are a niche product. Retail banks rarely offer them; portfolio lenders and mortgage brokers dominate this space.
Expect a 30- to 45-day close. Underwriting is straightforward — the lender pulls 12 or 24 months of statements, verifies deposits, and runs your credit. No appraisal surprises, no tax-return delays.
Bank Statement Loans make sense for Lemoore business owners with strong deposits but messy tax returns. If you've been self-employed for two years, average $6,000+ monthly in business deposits, and have 620+ FICO, this product cuts your approval timeline in...
They don't work if your deposits are thin or your credit is below 620. Lenders want to see consistent cash flow — seasonal businesses or startups under 12 months old hit friction. For those buyers, FHA or conventional with a co-signer becomes the better path.
Bank Statement Loans versus FHA: FHA requires tax returns and allows 3.5% down, but carries lifetime mortgage insurance if your down payment is under 10%.
For a Lemoore buyer with $100,000 saved and $500,000 in deposits, Bank Statement Loans win on payment predictability. You avoid mortgage insurance entirely.
Olive Garden is opening its first Kings County location in Hanford on May 3, signaling retail expansion in the region. That kind of commercial investment supports property values and signals confidence in the area's stability — important for business owners...
Sequoia and Kings Canyon National Parks sit roughly 90 minutes east of Lemoore. That proximity to outdoor recreation and tourism infrastructure makes Kings County attractive to buyers who value lifestyle alongside their business.
No. Bank Statement Loans skip tax returns entirely. Lenders average your actual deposits over 12 or 24 months instead. That's the whole point — if your Schedule C doesn't match your real cash flow, bank statements prove what you actually earn.
620 minimum. Most lenders prefer 640+. The lower your score, the higher your rate and the stricter the deposit requirements. If you're below 620, conventional or FHA with a co-signer becomes necessary.
20% minimum. That's non-negotiable for Bank Statement Loans. In exchange, you skip mortgage insurance entirely. If you have less than 20% saved, FHA's 3.5% down is the alternative, but you'll carry mortgage insurance for life.
30 to 45 days typically. Portfolio lenders move faster than retail banks because they're not chasing IRS documents. Underwriting focuses on your deposits and credit — straightforward and predictable.
12 months is standard. 24 months works if your income is newer or highly variable. Lenders want to see consistent deposits — the longer the history, the stronger your case. Ask your lender which period works best for your situation.