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Los Banos sits in the heart of Merced County's agricultural economy. Many borrowers here run their own operations — farming, trucking, small business.
Tax returns rarely tell the full story for self-employed borrowers. Bank statement loans fix that by using actual cash flow instead.
620
Min Credit Score
As low as 10%
Down Payment
12–24 months
Statements Required
Non-QM
Loan Type
2 years
Self-Employed Minimum
Bank Statement Loans in Los Banos
You'll need 12 to 24 months of personal or business bank statements. Lenders average your monthly deposits to calculate qualifying income.
Most lenders want a 620 or higher credit score. Down payments typically start at 10%, though higher LTVs require stronger credit.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Los Banos.
Los Banos sits in the heart of Merced County's agricultural economy. Many borrowers here run their own operations — farming, trucking, small business.
Tax returns rarely tell the full story for self-employed borrowers. Bank statement loans fix that by using actual cash flow instead.
You'll need 12 to 24 months of personal or business bank statements. Lenders average your monthly deposits to calculate qualifying income.
Bank statement loans are non-QM products. Most retail banks don't offer them — you need a broker with access to specialty wholesale lenders.
We shop across 200+ wholesale lenders to find the right fit. Rates vary significantly between non-QM lenders. Rates vary by borrower profile and market conditions.
Business bank statements come with an expense factor. Lenders apply 50% to 75% of deposits as qualifying income after expenses.
Personal statements are counted at full deposit value. If your business and personal finances are cleanly separated, personal statements often produce higher qualifying income.
1099 loans are a close alternative if your income comes primarily from contract work. P&L statement loans work when your books are CPA-prepared.
Asset depletion loans fit borrowers with large savings but low monthly income. DSCR loans skip income entirely — they're built for rental properties.
Los Banos has a strong base of agricultural and small business owners. Many file taxes with significant write-offs that crush their stated income on paper.
That gap between real cash flow and taxable income is exactly why bank statement loans exist. This product is purpose-built for how this economy works.
Yes. Lenders apply an expense factor, typically 50% to 75% of deposits. Personal statements often qualify you for more.
Most programs accept 12 months. Some lenders require 24 for stronger income averaging or lower rates.
Most non-QM lenders want 620 or higher. Scores above 700 unlock better rates and lower down payment options.
It can, but irregular deposits raise questions. Consistent monthly deposits across 12 to 24 months make approval smoother.
Yes. Non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
Most lenders require a 2-year history of self-employment. A business license or CPA letter helps document it.