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Ross sits in Marin County, where the median household income of $142,785 supports homes well into seven figures. The Marin County Fair returns this summer with new exhibits and entertainment, reflecting the county's active community life.
Self-employed professionals—contractors, consultants, business owners—often carry income that doesn't fit standard loan boxes. Bank statements show actual deposits and cash flow, which lenders can use instead of tax returns.
680
Minimum Credit Score
10% to 25%
Down Payment Range
45 to 60 days
Typical Closing Timeline
24 months
Business History Required
0.25% to 0.5% higher
Rate Premium vs. Conventional
Bank Statement Loans in Ross
Bank Statement Loans typically require 24 months of business history and consistent monthly deposits. Most lenders want to see a minimum credit score around 680, though stronger scores (700+) improve terms.
The county's $142,785 median household income means a typical buyer here earns solid income but needs flexible documentation. Bank statements become the proof—lenders review 12 to 24 months of deposits to calculate your qualifying income.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Ross.
Ross sits in Marin County, where the median household income of $142,785 supports homes well into seven figures. The Marin County Fair returns this summer with new exhibits and entertainment, reflecting the county's active community life.
Self-employed professionals—contractors, consultants, business owners—often carry income that doesn't fit standard loan boxes. Bank statements show actual deposits and cash flow, which lenders can use instead of tax returns.
Bank Statement Loans typically require 24 months of business history and consistent monthly deposits. Most lenders want to see a minimum credit score around 680, though stronger scores (700+) improve terms.
Bank Statement Loans are a specialty product. Fewer lenders offer them than conventional or FHA loans, so shopping matters. Brokers typically have access to multiple lenders who specialize in self-employed financing, which beats calling banks one by one.
Underwriting takes longer because the lender manually reviews deposits instead of pulling automated tax transcripts. Plan for 45 to 60 days to close.
Bank Statement Loans make sense in Ross when you own a business, have strong deposits, but your tax return shows losses or heavy deductions.
They don't make sense if your income is genuinely inconsistent or if you have recent credit damage. Lenders still pull your credit report and verify your business is real.
Conventional loans require two years of tax returns and W-2s. If your tax return doesn't reflect your true income, you won't qualify for the loan amount you need.
The tradeoff: Bank Statement Loans carry a higher rate and take longer to close. Conventional loans close faster and cost less if you can document income the traditional way.
New trails opened at Hawk Hill in the Marin Headlands, winding around the decommissioned Nike Missile Site. These outdoor spaces matter to buyers who value recreation and open space.
Super Duper opened its third Marin location in nearby Corte Madera, reflecting the county's growing dining and retail scene. Small, quality-focused businesses thrive in Marin.
No. Bank Statement Loans use your bank deposits instead of tax returns to verify income. The lender reviews 12 to 24 months of deposits to calculate your qualifying income.
Most lenders review 12 to 24 months of statements. Some want to see the full 24 months to confirm income is stable. A few will accept 12 months if your deposits are consistent. Ask your lender upfront which period they'll review.
Minimum credit score is typically 680, though 700+ gets better rates and terms. Some lenders go down to 660 with a larger down payment. Your credit history matters as much as your score—recent late payments or collections make approval harder.
Down payments range from 10% to 25% depending on the lender and your income stability. Stronger deposits and higher credit scores can bring the down payment closer to 10%. Weaker profiles may need 20% or more.
Plan for 45 to 60 days. The extra time comes from manual bank statement review instead of automated tax transcript pulls. Appraisals and title work move at normal speed. Locking your rate early helps you close on time.