Question 1

Can I use business bank statements instead of personal?

Accepted Answer

Yes. Most lenders accept business statements. They typically apply an expense factor — often 50% — to calculate net income.

Question 2

How long do I need to be self-employed to qualify?

Accepted Answer

Most lenders want 2 years of self-employment. Some allow 12 months with strong deposits and reserves.

Question 3

Do bank statement loans cost more than conventional loans?

Accepted Answer

Rates are higher than conventional loans. The tradeoff is qualifying without tax returns. Rates vary by borrower profile and market conditions.

Question 4

Can I buy a higher-priced Napa property with this loan?

Accepted Answer

Yes. Many non-QM lenders offer bank statement programs up to $3M or more. Jumbo amounts are common in wine country purchases.

Question 5

What if my deposits vary a lot month to month?

Accepted Answer

Lenders average your deposits across 12 or 24 months. Seasonal income — common in Calistoga's hospitality sector — is manageable.

Bank Statement Loans in Calistoga, CA