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Self-employed borrowers in Los Alamitos often can't qualify with tax returns alone. Bank statement loans fix that — lenders use 12 to 24 months of deposits instead.
Orange County has a dense population of business owners, contractors, and freelancers. This loan was built for exactly that borrower profile.
660 (typical)
Min Credit Score
12 or 24 months
Statements Required
10-20%
Min Down Payment
2 years typical
Self-Employment History
Non-QM
Loan Type
Bank Statement Loans in Los Alamitos
Lenders look at your average monthly deposits over 12 or 24 months. That average becomes your qualifying income — not your Schedule C net.
Most programs require a 660+ credit score and 10-20% down. Some lenders go lower on the score if your reserves are strong.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Los Alamitos.
Self-employed borrowers in Los Alamitos often can't qualify with tax returns alone. Bank statement loans fix that — lenders use 12 to 24 months of deposits instead.
Orange County has a dense population of business owners, contractors, and freelancers. This loan was built for exactly that borrower profile.
Lenders look at your average monthly deposits over 12 or 24 months. That average becomes your qualifying income — not your Schedule C net.
Bank statement loans are non-QM products. That means they don't go through Fannie Mae or Freddie Mac. Not every lender offers them.
At SRK CAPITAL, we work with 200+ wholesale lenders — including many that specialize in non-QM. That gives you real options, not just one program.
The most common mistake: using business statements without accounting for expenses. Lenders apply an expense factor — often 50% — to business accounts.
Personal statements get counted at 100%. If your business account mixes personal and business spending, a personal statement loan may get you more income.
1099 loans are close cousins — they work if most of your income shows on 1099 forms. Bank statement loans are more flexible for mixed income.
DSCR loans skip personal income entirely. If you're buying a rental, DSCR may be cleaner. Bank statement loans are best for primary or second homes.
Los Alamitos sits at the edge of Orange and LA counties. Many buyers here are business owners tied to the aerospace, retail, and service sectors nearby.
Property values in Orange County run high. Self-employed buyers who write off heavily on taxes often get underserved by conventional programs — this loan bridges that gap.
Yes, but not mixed together. Pick one source per loan. Business statements carry an expense factor; personal statements do not.
Most lenders want 2 years of self-employment history. Some allow 12 months with strong deposits and reserves.
Yes. Non-QM loans carry more lender risk, so rates run higher. Rates vary by borrower profile and market conditions.
Lenders average all 12 or 24 months. Big gaps or unusual deposits will raise questions — be ready to explain them.
Some programs allow 10% down. Below 20%, expect stricter credit and reserve requirements from the lender.
Yes. Second home purchases are eligible. Investment properties usually fit better under a DSCR loan structure.