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Citrus Heights has a strong base of small business owners, contractors, and independent operators. Many of them can't qualify for a conventional loan — not because they lack income, but because their tax returns don't show it.
Bank statement loans solve that problem. Instead of tax returns, lenders use 12 to 24 months of deposits to calculate your income.
12–24 months
Statement Period
620 (varies)
Min Credit Score
10–20% typical
Down Payment
Non-QM
Loan Type
Runs higher
Rate vs Conventional
Bank Statement Loans in Citrus Heights
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits over that period to calculate qualifying income.
Business owners using business bank statements should expect lenders to apply an expense ratio — typically 50% — to calculate net income. Personal statements get treated closer to face value.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Citrus Heights.
Citrus Heights has a strong base of small business owners, contractors, and independent operators. Many of them can't qualify for a conventional loan — not because they lack income, but because their tax returns don't show it.
Bank statement loans solve that problem. Instead of tax returns, lenders use 12 to 24 months of deposits to calculate your income.
You'll need 12 to 24 months of personal or business bank statements. Lenders average your deposits over that period to calculate qualifying income.
Bank statement loans are non-QM products. That means they don't follow Fannie Mae or Freddie Mac guidelines. Not every lender offers them.
We work with 200+ wholesale lenders — a solid number of them specialize in non-QM. That gives us real options when it comes to rate and structure, not just one take-it-or-leave-it offer.
The biggest mistake self-employed borrowers make: waiting until they've filed two years of strong returns. You don't need that here. What you need is clean, consistent deposits.
Large irregular deposits hurt your case. Lenders want to see a steady monthly pattern. If your business income spikes in Q4 and drops in Q1, expect underwriters to ask questions.
If you have 1099 income, a 1099 loan may be a cleaner fit than bank statements. It depends on how much your 1099s reflect your actual gross income.
For investors buying in Citrus Heights, a DSCR loan skips personal income entirely — the property's rent covers qualification. Bank statement loans are best when you're buying a primary residence or second home.
Sacramento County has a dense population of self-employed trades workers, consultants, and small retailers. Citrus Heights fits that profile well. Bank statement lending exists precisely for this borrower type.
As of April 2026, non-QM volume in suburban Sacramento markets has held steady. If you've been sitting on the sidelines because a conventional loan was out of reach, this loan type is worth a closer look.
Most lenders require 12 to 24 months. Twenty-four months gives a stronger income average and may improve your rate.
Yes. Lenders apply an expense ratio to business deposits. Expect roughly 50% of gross deposits to count as qualifying income.
Minimums vary by lender, but most non-QM lenders want at least a 620. Better scores improve your rate significantly.
Expect 10–20% down depending on your credit profile and the lender. Lower scores typically require more down.
Yes, rates run higher than conventional. That's the trade-off for qualifying without tax returns. Rates vary by borrower profile and market conditions.
Some lenders allow it, but DSCR loans are usually a better fit for investment properties. Ask us to compare both options.