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Corte Madera sits in Marin County — one of the most expensive real estate markets in California. Self-employed buyers here need income solutions that match their actual earnings.
Bank statement loans use 12 to 24 months of deposits to verify income. Tax returns stay out of the equation entirely.
660+
Min Credit Score
10% minimum
Down Payment
12 or 24 months
Statement Period
3–6 months
Reserves Required
Non-QM
Loan Type
Bank Statement Loans in Corte Madera
Lenders look at your monthly deposits, then apply an expense factor to estimate net income. Business owners typically use a 50% expense factor. Personal accounts use closer to 100%.
Most lenders want a 660+ credit score. Down payments usually start at 10%. Expect reserves of 3 to 6 months after closing.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Corte Madera.
Corte Madera sits in Marin County — one of the most expensive real estate markets in California. Self-employed buyers here need income solutions that match their actual earnings.
Bank statement loans use 12 to 24 months of deposits to verify income. Tax returns stay out of the equation entirely.
Lenders look at your monthly deposits, then apply an expense factor to estimate net income. Business owners typically use a 50% expense factor. Personal accounts use closer to 100%.
Bank statement loans are non-QM products. That means they don't conform to standard guidelines. Fewer lenders offer them, and pricing varies widely.
At SRK CAPITAL, we work with 200+ wholesale lenders — including non-QM specialists. We compare options so you're not stuck with the first lender who says yes.
Self-employed borrowers in Marin often show low taxable income on paper. That kills a conventional approval fast. Bank statements tell the real story.
The biggest mistake I see: borrowers shopping rate before choosing the right statement period. Use 24 months when your income has grown — it can raise your qualifying amount.
If you have strong 1099 income, a 1099 loan may qualify you on gross earnings. If you own rentals, a DSCR loan uses property cash flow instead of personal income.
Bank statement loans are the best fit when your deposits are consistent and your write-offs are heavy. Not every self-employed borrower needs this product.
Marin County prices push most purchases into jumbo territory. Bank statement loans can go well above conforming limits — which matters here.
Many Corte Madera buyers are business owners, consultants, or partners in professional firms. This loan was built for exactly that profile.
Yes. Personal statements use a higher income factor. Business statements apply an expense ratio, which reduces qualifying income.
Most bank statement lenders want 660 or higher. Better scores get better pricing. Rates vary by borrower profile and market conditions.
Many non-QM lenders go above conforming limits. Exact amounts depend on your deposit history, credit, and down payment.
Yes. Bank statement loans are designed for self-employed borrowers. W-2 employees have easier income verification options available.
Lenders average 12 or 24 months of deposits, then apply an expense factor. The result becomes your qualifying monthly income.
It takes more documentation upfront. Work with a broker experienced in non-QM — underwriting guidelines vary significantly by lender.