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Placentia sits in Orange County, where self-employment is common across trades, real estate, and small business. Standard loans punish business owners who write off income — bank statement loans don't.
This loan uses 12 to 24 months of deposits to prove income. Your tax returns stay out of it. That's a major shift for anyone running their own operation.
620+
Min Credit Score
As low as 10%
Down Payment
12–24 months
Statements Required
Non-QM
Loan Type
Bank Statement Loans in Placentia
Lenders review your bank statements and calculate an average monthly deposit. That average becomes your qualifying income. Business account holders typically apply an expense ratio — often 50% — to net the income down.
Credit score requirements vary by lender, but most want 620 or higher. Down payments typically start at 10%. 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 Placentia.
Placentia sits in Orange County, where self-employment is common across trades, real estate, and small business. Standard loans punish business owners who write off income — bank statement loans don't.
This loan uses 12 to 24 months of deposits to prove income. Your tax returns stay out of it. That's a major shift for anyone running their own operation.
Lenders review your bank statements and calculate an average monthly deposit. That average becomes your qualifying income. Business account holders typically apply an expense ratio — often 50% — to net the income down.
Bank statement loans are non-QM products. Not every lender offers them. Big retail banks almost never do — this is wholesale and specialty lender territory.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products for Orange County borrowers. We compare their programs to find the one that fits your deposit history.
The biggest mistake self-employed borrowers make: using personal statements when business statements would show higher deposits. We look at both before deciding which to submit.
Consistency matters more than peak months. Lenders flag large, irregular deposits. Clean, recurring deposits across 12 to 24 months build a much stronger file.
If you get 1099s instead of a W-2, a 1099 loan might be cleaner than bank statements. If you own rentals, a DSCR loan qualifies on property cash flow — not your income at all.
Profit & Loss statement loans are another option for self-employed borrowers. Each program has different income calculations. The right one depends on how your money flows.
Placentia has a strong base of small business owners — contractors, consultants, and service operators who rarely show full income on taxes. Bank statement loans were built for exactly this borrower.
Orange County home prices make loan amounts significant. Non-QM lenders can go well above conventional limits. That matters here, where entry-level homes aren't cheap.
Yes. Some borrowers qualify better on personal statements. We review both to find which produces the stronger income calculation.
Most programs require 12 or 24 months. The longer window can increase or stabilize your qualifying income depending on your deposit history.
Yes, typically. Non-QM products carry more lender risk, so rates run higher. Rates vary by borrower profile and market conditions.
Most lenders want 620 or higher. Some non-QM programs go lower, but better scores get you better terms.
They can raise flags. Lenders look for recurring income patterns. One-time large transfers often get excluded from the income calculation.
You still document your income — just with bank statements instead of tax returns. Stated income loans with no documentation no longer exist.