Question 1

Can I use business bank statements if I'm an S-Corp owner?

Accepted Answer

Yes. Most lenders accept business statements with a 50% expense factor applied. Some allow a CPA letter to adjust that ratio.

Question 2

How much can I borrow with a bank statement loan in Tiburon?

Accepted Answer

Loan amounts vary by lender and your qualifying income. Many non-QM lenders go to $3M or higher for strong borrower profiles.

Question 3

Do bank statement loans cost more than conventional loans?

Accepted Answer

Yes, rates run higher than conventional loans. The tradeoff is qualifying on actual cash flow, not reduced taxable income. Rates vary by borrower profile and market conditions.

Question 4

What if my deposits are inconsistent month to month?

Accepted Answer

Lenders average all 12 or 24 months. Wild swings raise flags. Consistent deposit patterns help your case significantly.

Question 5

How long does a bank statement loan take to close in Marin County?

Accepted Answer

Non-QM loans typically take 21 to 30 days. Complex vesting or appraisal issues can add time — plan ahead.

Question 6

Can I buy a waterfront property in Tiburon with this loan type?

Accepted Answer

Yes, but waterfront appraisals can be tricky with limited comps. Work with a lender experienced in Marin County non-QM deals.

Bank Statement Loans in Tiburon, CA