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Livingston sits in Merced County's agricultural core. Self-employment here runs deep — farming, trucking, food processing, and small business ownership are the norm.
Tax returns rarely show what these borrowers actually earn. Bank statement loans exist precisely for this gap.
620+
Min Credit Score
12–24 Months
Statement Period
10%
Min Down Payment
2 Years Typical
Self-Employment Required
Bank Statement Loans in Livingston
Lenders review 12 to 24 months of personal or business bank statements. They average your monthly deposits and apply an expense factor to estimate income.
Most lenders want a 620+ credit score. Down payments typically start at 10% but vary by lender and loan size. 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 Livingston.
Livingston sits in Merced County's agricultural core. Self-employment here runs deep — farming, trucking, food processing, and small business ownership are the norm.
Tax returns rarely show what these borrowers actually earn. Bank statement loans exist precisely for this gap.
Lenders review 12 to 24 months of personal or business bank statements. They average your monthly deposits and apply an expense factor to estimate income.
Bank statement loans are non-QM products. Most banks don't offer them. You need a broker with access to wholesale non-QM lenders — not a retail bank branch.
We work with 200+ wholesale lenders. Several specialize in non-QM products built for exactly the borrower profile common in Livingston.
The biggest mistake we see: borrowers depositing business income into personal accounts inconsistently. Clean, consistent deposit history makes approval straightforward.
Separate your business and personal accounts before applying. Lenders scrutinize large irregular deposits. Explain them early or they kill deals late.
A 1099 loan works if most of your income comes from contract work with clear 1099 forms. Bank statement loans work better when income sources are mixed or cash-heavy.
DSCR loans skip income verification entirely — but only for investment properties. If you're buying a primary home, bank statement is your strongest non-QM path.
Livingston's economy runs on agriculture and related industries. Seasonal income swings are real here. Most non-QM lenders handle this — 24-month averaging smooths out the peaks.
As of April 2026, Merced County remains more affordable than coastal California. That keeps loan amounts manageable and non-QM pricing more competitive on a payment basis.
Yes. Most lenders accept business statements. They apply an expense factor — often 50% — to estimate your net income.
Most lenders want at least 2 years. Some accept 12 months with strong statements and a solid credit profile.
Not necessarily. A 24-month average smooths seasonal swings. Lenders familiar with ag borrowers understand this income pattern.
Lenders total your deposits over 12 or 24 months, then divide by months. Business accounts also get an expense factor applied.
Yes, typically. Non-QM lenders price for the added flexibility. Rates vary by borrower profile and market conditions.
Yes. Bank statement loans work for primary homes, second homes, and investment properties. No tax return income required.