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Hollister sits in San Benito County, a region with a strong base of small business owners, contractors, and agricultural operators.
Self-employed borrowers here often can't show tax returns that reflect their real income. Bank statement loans solve that problem directly.
640 (some at 600)
Min Credit Score
12–24 months
Statements Required
10–20% typical
Down Payment
3–6 months
Reserves Required
Bank Statement Loans in Hollister
Lenders review 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Most lenders want a 640+ credit score and 10-20% down. Reserves of 3-6 months are common requirements too.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Hollister.
Hollister sits in San Benito County, a region with a strong base of small business owners, contractors, and agricultural operators.
Self-employed borrowers here often can't show tax returns that reflect their real income. Bank statement loans solve that problem directly.
Lenders review 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Bank statement loans are non-QM products. Most retail banks don't offer them — you need a broker with wholesale non-QM access.
We work with 200+ wholesale lenders, including dedicated non-QM shops. That means more program options and sharper pricing for Hollister borrowers.
The biggest mistake I see: borrowers submit business statements without separating personal draws. Lenders apply an expense factor — often 50% for sole props.
Personal statements usually produce higher qualifying income. Know which account tells your best story before you apply.
A 1099 loan works if you receive 1099s consistently. A P&L loan uses a CPA-prepared statement instead of bank deposits.
Bank statement loans fit best when your deposits are steady but your write-offs tank your taxable income on paper.
San Benito County has a high concentration of agricultural workers, truckers, and tradespeople running their own operations.
These borrowers often show low net income on returns. Bank statement loans let their actual cash flow do the talking.
Yes. Most lenders apply a 50% expense factor to business deposits. Personal statements sometimes qualify you for more.
12 months works with most lenders. 24 months can strengthen your file if income fluctuates seasonally.
Most non-QM lenders want 640 or higher. Some programs go to 600 with a larger down payment.
Yes. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions.
Absolutely. Seasonal deposit patterns are common. Lenders assess 12-24 months of deposits to smooth out the variation.