Loading
Loading
Fairfax runs on self-employment. Freelancers, consultants, and small business owners make up a big share of this town.
Tax returns rarely tell the full story for these borrowers. Bank statement loans fill that gap.
680 (typical)
Min Credit Score
12–24 months
Statement History
10–20% typical
Down Payment
Deposits only
Income Verification
Non-QM
Loan Type
Bank Statement Loans in Fairfax
Lenders average your monthly deposits over 12 or 24 months. That number becomes your qualifying income.
Most lenders want a 680+ credit score and 10-20% down. 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 Fairfax.
Fairfax runs on self-employment. Freelancers, consultants, and small business owners make up a big share of this town.
Tax returns rarely tell the full story for these borrowers. Bank statement loans fill that gap.
Lenders average your monthly deposits over 12 or 24 months. That number becomes your qualifying income.
Retail banks almost never offer bank statement loans. This is a wholesale and non-QM lender product.
We shop across 200+ wholesale lenders to find the right program. Terms vary widely between them.
Business owners need to show consistent deposits — not just big months. Lenders look for stability.
If you use business statements, most lenders apply an expense factor of 50%. Personal statements get more credit.
A 1099 loan works if your contractor income is straightforward. Bank statement loans handle messier income profiles.
Asset depletion loans are another non-QM option if you hold significant reserves but show low income on paper.
Fairfax home prices are high relative to the rest of Marin. Self-employed buyers here need strong deposit history.
Marin County's competitive market moves fast. Getting pre-approved on a bank statement loan takes more prep time — start early.
Most lenders require 12 months minimum. Some programs allow 24 months to smooth out irregular income.
Yes, but lenders apply an expense factor — usually 50%. Personal statements typically produce higher qualifying income.
Most non-QM lenders require it. Some allow 12 months with strong deposit history and compensating factors.
Yes. Non-QM loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.
Absolutely. There's no geographic restriction. The loan amount must match what your deposit income supports.
Most lenders start at 680. Higher scores improve your rate and expand program options significantly.