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San Jacinto sits in Riverside County, where small business ownership and self-employment are common. Standard W-2 loans often shut these borrowers out.
Bank statement loans fix that. Your deposits prove your income — not your tax returns.
620+
Min Credit Score
12–24 Months
Bank Statements Needed
10–20%
Min Down Payment
2 Years Typical
Self-Employment Required
Non-QM
Loan Type
Lenders typically want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Most programs require a 620+ credit score. Down payments usually start at 10%, though better pricing kicks in at 20% down.
Most retail banks don't offer bank statement loans. This is a non-QM product — you need a lender that specializes in it.
We work with 200+ wholesale lenders at SRK CAPITAL. Several of them price bank statement loans aggressively for Riverside County borrowers.
The biggest mistake self-employed borrowers make: mixing personal and business deposits. Keep accounts clean before you apply.
Business bank statement programs apply an expense ratio — usually 50%. Personal statements get credited dollar for dollar. Know which account tells your best income story.
A 1099 loan works well if your 1099s show strong gross income. Bank statement loans work better when your write-offs kill your taxable income.
Profit & loss loans are another option — but lenders scrutinize those more. Bank statement deposits are harder to dispute.
San Jacinto has a strong base of contractors, truckers, and small business owners — exactly who bank statement loans are designed for.
Riverside County home prices make bank statement loan amounts realistic without jumping into jumbo territory. That keeps rates lower and approval simpler.
Most lenders want 12 or 24 months. The 24-month option usually gets you better rates.
Yes. Lenders apply an expense ratio — typically 50% — to business deposits. Personal deposits count at full value.
Most programs start at 620. Scores above 700 get meaningfully better rates.
Yes. Non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions.
In most cases, yes. Lenders typically require at least 2 years of documented self-employment.
Some programs allow 10% down. Expect higher rates and stricter reserve requirements below 20%.
Bank Statement Loans in San Jacinto