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Bank Statement Loans in Roseville
Roseville has a strong self-employed population running everything from tech consulting to construction companies. Traditional lenders still want two years of tax returns that most write-off-heavy businesses can't provide.
Bank statement loans solve this disconnect. We underwrite to your actual deposits, not what you told the IRS after deductions.
You need 620+ credit and typically 10-20% down depending on loan amount. Lenders calculate income by averaging monthly deposits over 12 or 24 months.
Most programs allow 50% debt-to-income ratios. You'll need consistent deposits showing the income you're claiming — sporadic big months don't count as reliably as steady cash flow.
About 30 of our 200+ wholesale lenders offer bank statement programs. Each has different overlays on how they calculate deposits and which accounts they'll accept.
Some lenders accept personal accounts only. Others want business accounts. A few will blend both if you run money through personal banking. We match your deposit pattern to the lender who underwrites it most favorably.
Most self-employed borrowers show way more income on bank statements than tax returns. That's the entire point of this product. But you still need clean deposits — lenders flag transfers between your own accounts, reimbursements, and one-time windfalls.
The 12-month vs 24-month decision matters. Shorter lookback periods help if your business grew recently. Longer periods smooth out seasonal businesses. We run both calculations before submitting.
1099 loans work for contractors with solid 1099 forms but messy tax returns. Profit & loss loans let CPAs certify your income without full tax filing. Bank statement loans beat both when you want zero tax return scrutiny.
DSCR loans make sense for Roseville investment properties where rental income covers the mortgage. But if you're buying a primary residence as a self-employed borrower, bank statements are usually your cleanest path.
Roseville's median home prices sit in the range where bank statement loans shine — high enough that conventional income verification fails many self-employed buyers, but not so high you need jumbo-specific products.
Placer County has appraisal turn times under 10 days in most areas. That matters because bank statement deals already take longer to underwrite. Fast appraisals keep your lock period manageable.
Many lenders accept personal accounts if that's where you run your business income. We need to see consistent deposits that match your claimed income over 12-24 months.
Rates run 1-2% above conventional loans. Exact pricing depends on credit score, down payment, and which lender we use. Rates vary by borrower profile and market conditions.
Most lenders want 24 months in the same business or industry. Some accept 12 months if you have strong credit and reserves.
They average total deposits over 12 or 24 months, then subtract a percentage for business expenses. The exact calculation varies by lender.
Yes. We can use your bank statement income and a co-borrower's W-2 income to qualify jointly for the loan.
Lenders average across the full lookback period. A 24-month calculation smooths seasonal swings better than 12 months.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.