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Ukiah's economy runs on small business owners, contractors, and ag operators. Most of them can't qualify with a W-2 — and a bank statement loan is built exactly for that.
This is a non-QM loan. That means it falls outside standard Fannie Mae rules. Lenders use 12 to 24 months of deposits instead of tax returns to verify your income.
620–660 typical
Min Credit Score
12–24 months
Statements Required
10–20%
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Ukiah
Most lenders want a 620–660 credit score minimum. Some go lower, but you'll pay for it in rate. The stronger your score, the better your terms.
Down payment is typically 10–20%. Your deposit history needs to show consistent cash flow. One bad month won't kill the deal — but erratic deposits will.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Ukiah.
Ukiah's economy runs on small business owners, contractors, and ag operators. Most of them can't qualify with a W-2 — and a bank statement loan is built exactly for that.
This is a non-QM loan. That means it falls outside standard Fannie Mae rules. Lenders use 12 to 24 months of deposits instead of tax returns to verify your income.
Most lenders want a 620–660 credit score minimum. Some go lower, but you'll pay for it in rate. The stronger your score, the better your terms.
Your local bank won't offer this. Bank statement loans come from wholesale non-QM lenders — most borrowers have never heard of them.
SRK CAPITAL works with 200+ wholesale lenders. We find which ones price Mendocino County deals competitively. Rates vary by borrower profile and market conditions.
The biggest mistake self-employed borrowers make: mixing personal and business deposits in one account. Lenders have to discount business accounts — usually by 50%. Keep them separate.
If you write off everything on your taxes, your stated income on a bank statement loan will still be higher than your tax return shows. That's the whole point of this product.
A 1099 loan uses your contractor income forms. A P&L loan uses an accountant-prepared statement. Bank statement loans are often the cleanest option if your deposits are strong.
Asset depletion loans work if you have reserves but low income. DSCR loans fit investment property — they skip income verification entirely. Know which tool fits your situation.
Mendocino County has a high concentration of agriculture, cannabis, and hospitality businesses. All three tend to produce self-employed or cash-heavy income that's hard to document conventionally.
Rural property types in the area — farms, acreage, mixed-use — can add complexity. Not every non-QM lender is comfortable with rural collateral. We know which ones are.
Yes, but lenders typically apply a 50% expense factor to business deposits. Personal statements usually produce a higher qualifying income.
It depends on the lender — some won't touch cannabis income. We know which non-QM lenders will work with it in Mendocino County.
Most lenders require 12 months minimum. Some programs use 24 months for a more complete picture of your income history.
Yes. Non-QM loans carry more risk for lenders, so rates run higher. Rates vary by borrower profile and market conditions.
Some non-QM lenders will. Lender approval depends on the property type and acreage — not all programs allow rural collateral in Mendocino County.