Question 1

Do I need tax returns to qualify for a bank statement loan?

Accepted Answer

No. Bank statement loans rely on your 24-month deposit history instead. Tax returns are optional, though lenders may request them to verify business legitimacy or cross-check income.

Question 2

What credit score do I need for bank statement financing?

Accepted Answer

Most lenders require 620+ FICO, but 640+ opens better rates and terms. Your bank statement history matters more than your credit score on this program.

Question 3

How much down payment is required?

Accepted Answer

Bank statement loans typically require 10% to 25% down. Stronger deposits over 24 months can lower your down payment. The lender will review your specific statements to determine your exact requirement.

Question 4

How long does a bank statement loan take to close?

Accepted Answer

Expect 30–45 days. The bank statement review adds a week or two upfront, but underwriting is faster than stated-income conventional loans. Rolling Hills appraisals may take longer due to sparse comparables.

Question 5

Can I use business expenses to reduce my qualifying income?

Accepted Answer

Yes. Lenders calculate your debt-to-income ratio by subtracting documented business expenses from gross deposits. Strong expense records help your case.

Bank Statement Loans in Rolling Hills: Self-Employed Financing for High-Net-Worth Buyers