Question 1

Do I need two years of self-employment history?

Accepted Answer

Most lenders want 2 years of self-employment. Some programs accept 1 year with strong statements and a solid credit profile.

Question 2

Can I use both personal and business bank statements?

Accepted Answer

Yes, but lenders apply an expense ratio to business accounts. Personal statements often produce a higher qualifying income.

Question 3

How high can I borrow with a bank statement loan in Laguna Niguel?

Accepted Answer

Many non-QM lenders go to $3M or more. Loan size depends on your deposit history, credit score, and down payment.

Question 4

Are bank statement loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 5

What disqualifies a deposit from being counted?

Accepted Answer

Large one-time transfers, loan proceeds, and inter-account moves are typically excluded. Lenders want to see regular business income.

Question 6

How many months of bank statements do I need?

Accepted Answer

Most programs require 12 or 24 months. Twenty-four months gives lenders more confidence and can improve your qualifying income.

Bank Statement Loans in Laguna Niguel, CA