Question 1

Can I use a business bank account for this loan?

Accepted Answer

Yes, but lenders apply an expense factor to business deposits — often 50%. Personal accounts typically get a higher credit toward qualifying income.

Question 2

Do I need two years of self-employment history?

Accepted Answer

Most lenders want at least two years of self-employment. Some allow one year with strong compensating factors like high reserves or a large down payment.

Question 3

Are rates higher than conventional loans?

Accepted Answer

Yes. Non-QM loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.

Question 4

Can I buy a home in Adelanto with a bank statement loan?

Accepted Answer

Yes. Bank statement loans work for primary residences, second homes, and investment properties. Adelanto is an eligible property area.

Question 5

What if my deposits are inconsistent month to month?

Accepted Answer

Lenders average your deposits over 12–24 months. Inconsistent months pull that average down — consistent deposit history gets you a stronger qualification.

Bank Statement Loans in Adelanto, CA