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Indio has a strong self-employed base — contractors, event vendors, seasonal business owners. Standard W-2 loans leave a lot of them out.
Bank statement loans fill that gap. They use 12 to 24 months of deposits to prove income instead of tax returns.
660 (typical)
Min Credit Score
Bank statements only
Income Verification
12 or 24 months
Statement History
10% (typical)
Min Down Payment
Non-QM
Loan Type
Bank Statement Loans in Indio
Lenders look at your average monthly deposits over 12 to 24 months. They apply an expense ratio — usually 50% — to estimate net income.
Most programs want a 660 or higher credit score. Down payment minimums 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 Indio.
Indio has a strong self-employed base — contractors, event vendors, seasonal business owners. Standard W-2 loans leave a lot of them out.
Bank statement loans fill that gap. They use 12 to 24 months of deposits to prove income instead of tax returns.
Lenders look at your average monthly deposits over 12 to 24 months. They apply an expense ratio — usually 50% — to estimate net income.
Most retail banks don't offer bank statement loans. This is a non-QM product — meaning it falls outside standard lending guidelines.
Wholesale lenders that specialize in non-QM are where these programs live. We work with 200+ of them, so we can shop terms across programs most borrowers never see.
The biggest mistake self-employed borrowers make: showing up with only personal statements when their business account tells a much stronger story.
We review both before submitting anywhere. The right account choice can add tens of thousands to your qualifying income.
A 1099 loan is another option if most of your income shows on 1099s. Profit & loss loans work if your CPA prepares a detailed P&L.
Bank statement loans often qualify more income than either — especially if you write off aggressively on taxes. Your deposits don't lie.
Indio's economy runs heavily on tourism, events, and construction. A lot of that income is seasonal or project-based — tough to document the conventional way.
A 24-month statement average smooths out those slow months. For Coachella Valley business owners, that can make or break qualification.
No. Sole proprietors qualify. You need to show you're self-employed, usually with a business license or CPA letter.
Some lenders allow it. Most want one or the other. We'll show you which approach qualifies more income before you apply.
Lenders assume a portion of your deposits cover business expenses. A 50% ratio means $20K in deposits counts as $10K in income.
Yes, typically. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.
Lenders average the full 12 or 24 months. Seasonal swings are common — they don't automatically disqualify you.
Yes. Bank statement loans work for primary homes, second homes, and investment properties depending on the lender.