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Huntington Beach attracts a lot of self-employed buyers — contractors, business owners, freelancers. Tax returns rarely show what they actually earn.
Bank statement loans fix that. We use 12 to 24 months of deposits to qualify you, not your taxable income.
12–24 Months
Bank Statements Required
620–660
Min Credit Score
10–20% Typical
Down Payment
2 Years
Self-Employment History
Bank Statement Loans in Huntington Beach
Most lenders want 12 months of statements minimum. Twenty-four months gives you stronger qualifying income and more program options.
Expect a minimum credit score around 620 to 660, depending on the lender. 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 Huntington Beach.
Huntington Beach attracts a lot of self-employed buyers — contractors, business owners, freelancers. Tax returns rarely show what they actually earn.
Bank statement loans fix that. We use 12 to 24 months of deposits to qualify you, not your taxable income.
Most lenders want 12 months of statements minimum. Twenty-four months gives you stronger qualifying income and more program options.
Bank statement loans are non-QM products. Your local bank almost certainly won't offer them. You need a broker with wholesale non-QM access.
We work with 200+ wholesale lenders, including many non-QM specialists. That means real competition on your rate and terms.
The biggest mistake self-employed buyers make: waiting until they fix their tax returns. You don't need higher taxable income — you need the right loan.
Business bank statement programs apply an expense ratio to your deposits. Personal accounts typically get full credit. Knowing which to use can swing your qualifying income significantly.
A 1099 loan works if most of your income comes from clients paying on 1099 forms. A P&L loan uses an accountant-prepared statement instead of bank deposits.
Bank statement loans tend to fit business owners with mixed income streams best. If you own rental property too, a DSCR loan handles that piece separately.
Orange County property values are high. That often means larger loan amounts, which pushes borrowers into jumbo non-QM territory.
Many Huntington Beach buyers are established business owners — surf industry, real estate, construction, trades. This loan was built for exactly that borrower profile.
Usually one or the other. Your broker picks the account type that gives you the strongest qualifying income.
Most lenders require 2 years of self-employment. Some will consider 1 year with strong compensating factors.
Yes, non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions.
Yes. Some lenders offer bank statement programs for non-owner-occupied properties in Orange County.
Non-QM lenders set their own limits. Many go to $3M or higher for well-qualified borrowers.
Lenders scrutinize large irregular deposits. Consistent recurring deposits qualify better than one-time windfalls.