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Susanville runs on small business owners, contractors, and self-employed tradespeople. Standard W-2 income verification leaves many of them out.
Bank statement loans solve that. Your deposits tell the story — not what your tax return shows after write-offs.
12 or 24 months
Statement History
620 typical
Min Credit Score
10-20% expected
Down Payment
No tax returns needed
Income Docs
Bank Statement Loans in Susanville
You'll need 12 to 24 months of personal or business bank statements. Lenders calculate your average monthly deposits and use that as your income.
Most lenders want a 620+ credit score and 10-20% down. Rates run higher than conventional — that's the trade-off for skipping tax return verification. 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 Susanville.
Susanville runs on small business owners, contractors, and self-employed tradespeople. Standard W-2 income verification leaves many of them out.
Bank statement loans solve that. Your deposits tell the story — not what your tax return shows after write-offs.
You'll need 12 to 24 months of personal or business bank statements. Lenders calculate your average monthly deposits and use that as your income.
Bank statement loans are non-QM products. Your local bank almost certainly doesn't offer them. These live in the wholesale and private lending world.
That's exactly where we operate. SRK CAPITAL shops across 200+ wholesale lenders to find the program that fits your deposit history and property type.
The biggest mistake self-employed borrowers make: assuming their low taxable income kills the deal. It doesn't — if your deposits are consistent.
Lenders want to see steady cash flow. Two years of healthy deposits in the same account beats one big month followed by gaps.
If you receive 1099s, a 1099 loan may get you a lower rate than bank statements. P&L statement loans are another non-QM option if your bookkeeper is current.
Bank statement loans fit best when your deposit history is clean and your write-offs make tax return income look too low to qualify conventionally.
Lassen County's economy includes timber, agriculture, corrections, and a strong contractor base. Many of those workers are self-employed or run their own outfits.
Rural property types in the area — including acreage and non-warrantable homes — can add complexity. Not every lender will approve both the borrower profile and the property.
Yes. Most lenders accept business statements but apply an expense factor — often 50% — to your deposits. Personal statements typically count at a higher percentage.
Most lenders require at least 2 years self-employed. Some will consider 12 months with strong deposit history and the right documentation.
It depends on the lender. Acreage properties and non-standard homes narrow your pool. We screen lenders for both the loan program and the property type.
They average your monthly deposits over 12 or 24 months. Business accounts typically get an expense ratio applied before that average is used.
Expect a premium over conventional rates. The spread varies by lender and your credit profile. Rates vary by borrower profile and market conditions.