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Laguna Beach runs on self-employment. Artists, gallery owners, consultants, and short-term rental operators dominate the buyer pool here.
Bank statement loans exist for exactly this borrower. No W-2s, no tax returns — just 12 to 24 months of deposits.
620+
Min Credit Score
12–24 Months
Bank Statements Needed
No Tax Returns
Income Verification
~50% of Deposits
Business Deposit Credit
6–12 Months
Reserves Typically Required
Bank Statement Loans in Laguna Beach
Most lenders want 12 months of statements minimum. Twenty-four months gives you better rate options.
Credit score requirements typically start at 620. Stronger credit — 680 and above — opens more programs and lower rates. 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 Laguna Beach.
Laguna Beach runs on self-employment. Artists, gallery owners, consultants, and short-term rental operators dominate the buyer pool here.
Bank statement loans exist for exactly this borrower. No W-2s, no tax returns — just 12 to 24 months of deposits.
Most lenders want 12 months of statements minimum. Twenty-four months gives you better rate options.
Bank statement loans aren't offered at your local bank branch. You need a non-QM wholesale lender.
At SRK CAPITAL, we work with 200+ wholesale lenders. We match your deposit pattern and credit profile to the right program.
The biggest mistake self-employed buyers make: running everything through business accounts, then expecting lenders to count 100% of deposits.
Lenders apply an expense ratio — typically 50% for business accounts, 100% for personal. Splitting deposits smartly before you apply can change your qualifying income.
If you have clean 1099s, a 1099 loan might qualify you at a better rate. If you hold investment property, a DSCR loan skips income verification entirely.
Bank statement loans sit between those options. They work best when your deposits are consistent and your write-offs make tax return income look artificially low.
Laguna Beach price points regularly push into jumbo territory. Bank statement jumbo programs exist — but guidelines tighten above conforming limits.
Expect larger down payment requirements and closer scrutiny on reserves the higher you go. Many lenders want 6 to 12 months of payments in liquid reserves at this price tier.
Either works. Personal accounts give you a higher income credit — 100% of deposits count. Business accounts are typically discounted by an expense factor.
Yes. Non-QM jumbo bank statement programs exist. Expect stricter reserve requirements and a larger down payment above conforming limits.
Lenders average your deposits over 12 or 24 months. Large swings hurt your average — consistency across months matters most.
Bank statement loans carry higher rates than conventional. The trade-off is qualifying without tax returns. Rates vary by borrower profile and market conditions.
Most bank statement loans close in 21 to 30 days. Having 24 months of clean statements ready up front keeps things moving.