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Loomis sits in the Placer County foothills — a tight-knit community popular with business owners, contractors, and entrepreneurs.
If your income looks irregular on paper, a bank statement loan gives lenders a cleaner picture of what you actually earn.
640+
Min Credit Score
12–24 Months
Statements Required
10–20%
Min Down Payment
2+ Years
Self-Employment Required
Non-QM
Loan Type
Bank Statement Loans in Loomis
Lenders want 12 to 24 months of bank statements — personal, business, or both. They average your monthly deposits to calculate income.
Most lenders require a 640+ credit score. Down payments typically start at 10%, though 20% gets you better pricing.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Loomis.
Loomis sits in the Placer County foothills — a tight-knit community popular with business owners, contractors, and entrepreneurs.
If your income looks irregular on paper, a bank statement loan gives lenders a cleaner picture of what you actually earn.
Lenders want 12 to 24 months of bank statements — personal, business, or both. They average your monthly deposits to calculate income.
Bank statement loans are non-QM products — meaning they live outside standard Fannie Mae and Freddie Mac guidelines. Not every lender offers them.
At SRK CAPITAL, we work with 200+ wholesale lenders. We shop this program across multiple non-QM sources to find the best rate and terms for your profile.
The biggest mistake I see: borrowers mixing personal and business deposits. Keep accounts clean before you apply — it affects your income calculation directly.
If you write off heavy expenses on your business return, your tax income looks low. Bank statements often tell a much better story for lenders.
A 1099 loan works if most of your income comes from clients on 1099 forms. Bank statement loans work regardless of how you get paid.
P&L loans use an accountant-prepared profit and loss statement instead of statements. Some lenders combine both. We'll tell you which approach gets you the higher qualifying income.
Loomis attracts plenty of small business owners — landscapers, builders, consultants, and ranch operators. Most of them can't qualify on tax returns alone.
Placer County has strong property values. Getting the right income qualification method matters here — it directly affects how much home you can buy.
Yes. This product is designed for self-employed borrowers. W-2 employees use pay stubs and tax returns instead.
Some lenders allow both. Business statements usually have an expense ratio applied — your broker can calculate which approach qualifies you for more.
Most lenders require 12 months minimum. Twenty-four months gives lenders more confidence and often improves your rate.
Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.
Most non-QM lenders start at 640. Higher scores get better pricing — 700+ puts you in a stronger tier.
Possibly. Lenders review property type carefully on non-QM loans. Some rural properties require additional appraisal review.