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Laguna Niguel attracts a high concentration of self-employed buyers. Consultants, agency owners, and real estate professionals all need a different path to financing.
Bank statement loans skip tax returns entirely. Lenders use 12 to 24 months of deposits to calculate your qualifying income instead.
660 (some at 620)
Min Credit Score
12 or 24 months
Statements Required
10% typical
Min Down Payment
Non-QM
Loan Type
$3M+
Max Loan (common)
Bank Statement Loans in Laguna Niguel
Most lenders want a 660+ credit score for bank statement loans. Some programs go down to 620, but expect tighter terms.
Down payment requirements typically start at 10%. Larger deposits often unlock better pricing. 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 Niguel.
Laguna Niguel attracts a high concentration of self-employed buyers. Consultants, agency owners, and real estate professionals all need a different path to financing.
Bank statement loans skip tax returns entirely. Lenders use 12 to 24 months of deposits to calculate your qualifying income instead.
Most lenders want a 660+ credit score for bank statement loans. Some programs go down to 620, but expect tighter terms.
Bank statement loans are non-QM products. That means your local bank almost certainly won't offer one.
SRK CAPITAL works with 200+ wholesale lenders. We find non-QM programs that fit your deposit history and property type.
The biggest mistake self-employed borrowers make: using business statements without accounting for the expense ratio. Lenders discount business deposits by 50% or more.
Personal statements are cleaner. If your personal account shows strong consistent deposits, lead with those. It often produces a higher qualifying income.
A 1099 loan uses your contractor income forms instead of bank statements. If you have clean 1099s, that program may price better.
P&L statement loans work off a CPA-prepared profit and loss report. They suit borrowers with complex income across multiple entities.
Laguna Niguel properties regularly push into jumbo territory. Bank statement loans can go well above conforming limits — many non-QM lenders go to $3M or higher.
Orange County's self-employed population is large. Competition among buyers is real. Having your bank statement pre-approval ready puts you in the conversation.
Most lenders want 2 years of self-employment. Some programs accept 1 year with strong statements and a solid credit profile.
Yes, but lenders apply an expense ratio to business accounts. Personal statements often produce a higher qualifying income.
Many non-QM lenders go to $3M or more. Loan size depends on your deposit history, credit score, and down payment.
Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Large one-time transfers, loan proceeds, and inter-account moves are typically excluded. Lenders want to see regular business income.
Most programs require 12 or 24 months. Twenty-four months gives lenders more confidence and can improve your qualifying income.