Question 1

Can a winery owner in Yountville use bank statement loans?

Accepted Answer

Yes. Winery and hospitality owners are ideal candidates. Business bank statements showing consistent deposits are what lenders want to see.

Question 2

Do seasonal business deposits hurt my qualification?

Accepted Answer

Not necessarily. Lenders average deposits over 12 or 24 months. Seasonal peaks and valleys even out across the full statement period.

Question 3

What credit score do I need to qualify?

Accepted Answer

Most non-QM lenders start around 620 to 660. Higher scores unlock better rates and lower down payment requirements.

Question 4

How much can I borrow with a bank statement loan in Napa?

Accepted Answer

Loan limits depend on your deposit history, LTV, and lender guidelines. Napa prices often push into jumbo territory above $806,500.

Question 5

Are rates higher than conventional loans?

Accepted Answer

Yes, typically. Non-QM loans carry a rate premium. Rates vary by borrower profile and market conditions.

Question 6

Can I use both personal and business bank accounts?

Accepted Answer

Some lenders allow it. Most prefer one account type to simplify income calculation. Your broker can run both scenarios.

Bank Statement Loans for Yountville's Self-Employed