Question 1

Can I use business bank statements in Moreno Valley?

Accepted Answer

Yes. Most lenders accept business statements but apply an expense ratio. Personal statements count dollar-for-dollar.

Question 2

How much can I borrow with a bank statement loan?

Accepted Answer

Loan limits depend on your qualifying income and down payment. Many non-QM lenders go up to $3M or higher.

Question 3

Do I need perfect credit for this loan?

Accepted Answer

No. Most lenders start around 620. Better scores get better rates — rates vary by borrower profile and market conditions.

Question 4

Will my LLC income qualify me?

Accepted Answer

Yes, if your LLC has its own bank account with consistent deposits. Two years of LLC history strengthens the file.

Question 5

How is this different from a stated income loan?

Accepted Answer

Bank statement loans require actual proof — your deposit history. Stated income loans required no verification and no longer exist.

Question 6

How long does it take to close in Moreno Valley?

Accepted Answer

Non-QM loans typically close in 21 to 30 days. Having 24 months of clean statements ready speeds the process up.

Bank Statement Loans in Moreno Valley, CA