Question 1

Can I use business bank statements instead of personal?

Accepted Answer

Yes, most lenders accept business statements for sole proprietors, LLCs, and S-corps. Personal statements work too if that's where deposits land.

Question 2

What if I had one bad month in my bank statements?

Accepted Answer

Lenders average your deposits over the full period. One slow month gets diluted across 12 or 24 months of statements.

Question 3

How do lenders handle large one-time deposits?

Accepted Answer

Non-recurring deposits like tax refunds or loan proceeds get excluded. Underwriters focus on regular, repeating income patterns.

Question 4

Do I need to explain every deposit?

Accepted Answer

Only irregular or unusually large deposits require explanation. Consistent business income doesn't need line-by-line documentation.

Question 5

Can I buy a Villa Park home over $2M with bank statements?

Accepted Answer

Yes, though lender options narrow above $2M. We work with jumbo non-QM lenders who approve qualified borrowers to $3M+.

Bank Statement Loans in Villa Park: Financing for Self-Employed Orange County Buyers