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Sausalito attracts artists, consultants, tech founders, and independent professionals. These buyers rarely have W-2 income — and bank statement loans exist for exactly that profile.
This is a high-value, low-inventory market. Buyers who can't document traditional income need a loan that keeps up. Bank statement loans fill that gap.
660+
Min Credit Score
12–24 Months
Statements Required
Up to $3M+
Max Loan Amount
10–20% Typical
Down Payment
2 Years Minimum
Self-Employed History
Bank Statement Loans in Sausalito
Lenders use 12 to 24 months of personal or business bank statements to calculate your income. Business accounts typically apply a 50% expense factor before counting deposits.
Most lenders want a 660+ credit score and 10–20% down. Self-employment must be verifiable — usually two years in business minimum.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Sausalito.
Sausalito attracts artists, consultants, tech founders, and independent professionals. These buyers rarely have W-2 income — and bank statement loans exist for exactly that profile.
This is a high-value, low-inventory market. Buyers who can't document traditional income need a loan that keeps up. Bank statement loans fill that gap.
Lenders use 12 to 24 months of personal or business bank statements to calculate your income. Business accounts typically apply a 50% expense factor before counting deposits.
Bank statement loans are non-QM — meaning they don't follow Fannie Mae or Freddie Mac rules. Only specialty lenders and wholesale channels offer them.
Retail banks almost never have this product. A broker with access to wholesale non-QM lenders is your fastest path to competitive pricing.
The biggest mistake I see: borrowers use business statements without knowing the expense factor cuts their qualifying income in half. Personal statements often produce a higher number.
Run both scenarios before locking a lender. The difference in qualifying income can change your purchase price by six figures in a market like Sausalito.
If you receive 1099s, a 1099 loan may qualify you at a higher income than bank statements. Both are non-QM — the right pick depends on how your cash flows.
Asset depletion loans work better if you have large reserves but inconsistent deposits. DSCR loans fit investment properties where rent covers the payment.
Sausalito sits in Marin County, one of the most expensive markets in California. Purchase prices here regularly push into jumbo territory — meaning loan amounts above conforming limits.
Many non-QM lenders cap loans at $3M or higher, which works for Marin. But LTV limits tighten on larger balances. Expect to put more down on high-value purchases.
Most lenders require it. Some will approve with 12 months, but expect a higher rate or larger down payment as a tradeoff.
Yes, but lenders apply an expense factor — often 50% — to your deposits. Personal statements sometimes yield higher qualifying income.
Yes. Bank statement loans are non-QM and carry more lender risk. Rates vary by borrower profile and market conditions.
Typically 10–20%. On larger Marin County loan amounts, lenders often require closer to 20–25% to stay within their LTV limits.
Condos usually qualify. Houseboats are a different story — most lenders won't finance them. Talk to us before you make an offer.
Lenders average the full 12 or 24 months. Large swings won't disqualify you, but they will prompt underwriting questions.