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American Canyon sits at the southern edge of Napa County. It attracts self-employed buyers who work in wine country's hospitality, tourism, and service industries.
Bank statement loans exist for one reason: tax returns lie. Self-employed borrowers write off expenses aggressively, and that kills their qualifying income on paper.
12–24 months
Bank Statement Period
640+
Min Credit Score
10%
Min Down Payment
2 years
Self-Employed Min
Bank Statement Loans in American Canyon
You'll need 12 to 24 months of personal or business bank statements. Lenders calculate your average monthly deposits and use that as income.
Most lenders want a 640+ credit score for this program. Down payments typically start at 10%, though better rates come with 20% down.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in American Canyon.
American Canyon sits at the southern edge of Napa County. It attracts self-employed buyers who work in wine country's hospitality, tourism, and service industries.
Bank statement loans exist for one reason: tax returns lie. Self-employed borrowers write off expenses aggressively, and that kills their qualifying income on paper.
You'll need 12 to 24 months of personal or business bank statements. Lenders calculate your average monthly deposits and use that as income.
Banks don't offer this loan. It's a non-QM product — meaning it doesn't meet conventional lending standards. You need a broker with wholesale non-QM access.
Rates on bank statement loans run higher than conventional. That's the tradeoff for skipping traditional income docs. Rates vary by borrower profile and market conditions.
Business bank statements get an expense factor applied. Lenders typically count 50% of deposits as income for sole proprietors. Personal statements often get credited at a higher rate.
Two years in business is the standard. Some lenders accept one year. If you just went self-employed, this program won't work yet — plan ahead.
If you receive 1099 income, a 1099 loan might qualify you at a higher income figure. It's worth running both scenarios before you commit.
P&L statement loans are another option. A CPA prepares a profit and loss summary instead of using deposits. Some borrowers qualify for more that way.
Napa County's self-employed workforce is large. Vineyard owners, restaurant operators, and independent contractors are exactly who this loan serves.
American Canyon offers more affordable entry points than Napa city proper. That makes bank statement loans here a realistic path, not just a backup option.
Some lenders allow blended statements. Most want one or the other. Your broker should run both to see which gets you the higher income figure.
Most lenders require 24 months. A few accept 12. You'll need a business license or CPA letter to document the start date.
Yes. Bank statement loans can be used for investment purchases. Expect a higher rate and larger down payment than on a primary residence.
Lenders average your monthly deposits over 12 or 24 months. Business accounts usually get a 50% expense factor applied before calculating your qualifying income.
Non-QM loans carry more risk for lenders since income isn't verified the standard way. That risk gets priced into the rate. Rates vary by borrower profile and market conditions.