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Laguna Woods is a tight-knit Orange County community. Many residents here run their own businesses or consult independently.
Self-employed borrowers often can't show the W-2 income lenders want. Bank statement loans solve that problem directly.
12–24 Months
Statement History
620 Typical
Min Credit Score
From 10%
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Laguna Woods
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits to calculate qualifying income.
Most lenders want a credit score of 620 or higher. Stronger scores open better 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 Woods.
Laguna Woods is a tight-knit Orange County community. Many residents here run their own businesses or consult independently.
Self-employed borrowers often can't show the W-2 income lenders want. Bank statement loans solve that problem directly.
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits to calculate qualifying income.
Bank statement loans are non-QM products. That means retail banks rarely offer them — wholesale lenders are your best source.
We work with 200+ wholesale lenders at SRK CAPITAL. That gives us real options, not just whatever one bank has on the shelf.
The biggest mistake self-employed borrowers make: mixing personal and business deposits. Clean statements close faster.
Business owners with high gross deposits but aggressive write-offs are exactly who this loan was built for. Your tax return isn't the whole story.
A 1099 loan works if most of your income is contractor pay. A P&L loan suits borrowers with a CPA who can document net income cleanly.
Bank statement loans sit in the middle — flexible, widely available, and accepted by more non-QM lenders than almost any other income method.
Laguna Woods sits near high-value coastal Orange County. Properties here often require larger loan amounts — qualifying income matters more.
Many self-employed residents in this area are retirees or part-time consultants. Bank statements capture that income where tax returns fall short.
Yes. Personal statements work well if income flows directly to you. Business statements require lenders to apply an expense ratio first.
Most bank statement loans start at 10% down. Higher loan amounts or lower credit scores may require more.
Most lenders want at least two years in the same line of work. Some will accept 12 months with strong deposits.
Yes. They're non-QM loans, which means they don't follow standard agency guidelines but are fully legal and widely used in California.
Not on a bank statement loan. Lenders look at deposits, not taxable income. That's the core advantage of this program.
Rates run higher than conventional loans given the non-QM risk layer. Rates vary by borrower profile and market conditions.