Question 1

Can I use business bank statements in Hollister?

Accepted Answer

Yes. Most lenders apply a 50% expense factor to business deposits. Personal statements sometimes qualify you for more.

Question 2

Do I need 12 or 24 months of statements?

Accepted Answer

12 months works with most lenders. 24 months can strengthen your file if income fluctuates seasonally.

Question 3

What credit score do I need?

Accepted Answer

Most non-QM lenders want 640 or higher. Some programs go to 600 with a larger down payment.

Question 4

Are rates higher than conventional loans?

Accepted Answer

Yes. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions.

Question 5

Can agricultural business owners qualify?

Accepted Answer

Absolutely. Seasonal deposit patterns are common. Lenders assess 12-24 months of deposits to smooth out the variation.

Bank Statement Loans in Hollister, CA