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Perris sits in the Inland Empire, one of California's most active regions for small business owners and independent contractors.
If your tax returns show low net income after deductions, a bank statement loan lets your actual cash flow speak instead.
620+
Min Credit Score
12–24 Months
Bank Statements Needed
10%
Min Down Payment
2 Years Typical
Self-Employed History
Bank Statement Loans in Perris
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Most bank statement loan programs require a credit score of 620 or higher. Down payments typically start at 10 percent.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Perris.
Perris sits in the Inland Empire, one of California's most active regions for small business owners and independent contractors.
If your tax returns show low net income after deductions, a bank statement loan lets your actual cash flow speak instead.
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Bank statement loans are non-QM products. That means they don't follow Fannie Mae or Freddie Mac rules — and not every lender offers them.
SRK CAPITAL works with 200+ wholesale lenders, including many that specialize in non-QM programs for Inland Empire borrowers.
Business bank statements need a letter from your CPA confirming your ownership percentage. Missing that single document kills deals.
Lenders apply an expense factor to business deposits — usually 50 percent. Personal accounts get credited at 100 percent. That difference changes your qualifying income significantly.
A 1099 loan uses your 1099 forms instead of bank statements. It works better if your gross earnings are clear but your write-offs are moderate.
A Profit & Loss Statement loan is faster to document but requires a CPA-prepared P&L. Bank statement loans give lenders the raw deposit data they trust most.
Perris has a strong base of truckers, contractors, and small business owners — exactly the borrowers bank statement loans are built for.
The Inland Empire logistics boom has created real income growth for owner-operators. The problem is that income rarely shows up clean on a tax return.
Yes. Personal statements are credited at 100% of deposits. Business accounts usually get a 50% expense factor applied first.
Yes, typically. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.
Most lenders want at least 2 years of self-employment history. Some accept 12 months in the same field.
Many programs allow 10% down. A stronger credit score and longer bank statement history improve your chances.
Lenders average your deposits over 12 or 24 months. Seasonal income swings are common and usually acceptable.