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Newport Beach runs on self-employed money. Consultants, business owners, and high-earning freelancers dominate the buyer pool here.
Bank statement loans exist for exactly this borrower. Your tax return shows losses. Your bank account tells the real story.
620+
Min Credit Score
12–24 months
Statements Required
2 years
Self-Employed Minimum
As low as 10%
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Newport Beach
Lenders use your bank deposits — not your adjusted gross income — to calculate what you earn. That distinction matters enormously for business owners.
Most programs want 12 months of statements minimum. 24 months gets you better rates and higher loan amounts. 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 Newport Beach.
Newport Beach runs on self-employed money. Consultants, business owners, and high-earning freelancers dominate the buyer pool here.
Bank statement loans exist for exactly this borrower. Your tax return shows losses. Your bank account tells the real story.
Lenders use your bank deposits — not your adjusted gross income — to calculate what you earn. That distinction matters enormously for business owners.
Bank statement loans are non-QM products. That means they live outside the Fannie Mae and Freddie Mac world. Not every lender offers them.
We work with 200+ wholesale lenders, and a solid chunk specialize in non-QM. We know which ones are aggressive on Newport Beach price points.
The biggest mistake I see: borrowers submit business bank statements without separating out non-revenue deposits. Lenders will flag transfers and flag them hard.
Keep your statements clean. Large irregular deposits need a paper trail. One unexplained wire can slow your approval by weeks.
If you get 1099s instead of W-2s, a 1099 loan might qualify you at a higher income than bank statements. Both are non-QM — the math just works differently.
Asset depletion loans are another angle if you have significant reserves but lower deposit volume. We run the numbers on both before picking a program.
Newport Beach properties routinely push into jumbo territory. Bank statement loan programs that cap at conforming limits will not work here for most purchases.
As of April 2026, confirm your lender's non-QM jumbo ceiling before you go deep into a deal. Program caps vary widely across wholesale lenders.
Yes. Lenders apply an expense factor — typically 50% — to business deposits. Personal statements usually produce a higher qualifying income.
Most lenders require 2 years of self-employment history. A CPA letter or business license helps document it.
Yes, non-QM loans carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
Most bank statement programs start at 620. Better rates and higher loan amounts open up at 700 and above.
Many non-QM lenders allow it. Second homes and investment properties typically require larger down payments and higher reserves.
Minimum is usually 12 months. Submitting 24 months gives lenders more confidence and often improves your terms.