Question 1

Do I need 24 months of statements or will 12 work?

Accepted Answer

Most lenders accept 12 months. Going to 24 months can raise your average if recent income is higher.

Question 2

Can I use business bank statements to qualify?

Accepted Answer

Yes. Lenders apply an expense ratio — often 50% — to your deposits. Personal statements use the full deposit amount.

Question 3

What credit score do I need for a bank statement loan in Roseville?

Accepted Answer

Most programs start at 620. A 700+ score opens better rate tiers. Rates vary by borrower profile and market conditions.

Question 4

How is my income calculated from bank statements?

Accepted Answer

Lenders average monthly deposits over 12 or 24 months. Large one-time transfers are usually excluded from that average.

Question 5

Are down payment requirements higher than conventional loans?

Accepted Answer

Yes. Most bank statement programs require 10%–20% down. The exact requirement depends on credit score and loan amount.

Question 6

Can I use a bank statement loan for a rental property in Placer County?

Accepted Answer

You can, but a DSCR loan often works better for rentals. It qualifies based on the property's rent income, not yours.

Bank Statement Loans in Roseville, CA