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Adelanto sits in the High Desert, where small business owners and contractors are common. Traditional W-2 income rarely tells the full story here.
Bank statement loans exist for borrowers whose tax returns show deductions — not actual cash flow. Twelve to 24 months of deposits can replace a pay stub.
620+
Min Credit Score
12–24 Months
Statement Period
10–20%
Min Down Payment
2 Years Typical
Self-Employment Required
Bank Statement Loans in Adelanto
Lenders typically want 12 months of personal or 24 months of business bank statements. They average your deposits to calculate qualifying income.
Credit score minimums vary by lender — most want 620 or higher. Down payment requirements usually start at 10% and can reach 20% or more.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Adelanto.
Adelanto sits in the High Desert, where small business owners and contractors are common. Traditional W-2 income rarely tells the full story here.
Bank statement loans exist for borrowers whose tax returns show deductions — not actual cash flow. Twelve to 24 months of deposits can replace a pay stub.
Lenders typically want 12 months of personal or 24 months of business bank statements. They average your deposits to calculate qualifying income.
Most retail banks won't touch bank statement loans. This is a non-QM product — it lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs with competitive terms for self-employed borrowers in San Bernardino County.
The biggest mistake self-employed borrowers make: mixing personal and business deposits. Lenders scrutinize transfers between accounts carefully.
Keep your statements clean for at least 12 months before applying. Large unexplained deposits can tank an approval even with strong average income.
If you receive 1099s, a 1099 loan might qualify you at a better rate than bank statements. P&L statement loans are another option if a CPA prepares your financials.
DSCR loans skip income verification entirely — but only work for investment properties. Bank statement loans are your best path to financing a primary residence as a self-employed borrower.
Adelanto has a growing population of independent contractors, truckers, and small business operators. Many write off significant expenses, making conventional loans a poor fit.
San Bernardino County's cost of living is lower than coastal California. That works in your favor — qualifying income thresholds are easier to hit with deposit averaging.
Yes, but lenders apply an expense factor to business deposits — often 50%. Personal accounts typically get a higher credit toward qualifying income.
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.
Yes. Non-QM loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.
Yes. Bank statement loans work for primary residences, second homes, and investment properties. Adelanto is an eligible property area.
Lenders average your deposits over 12–24 months. Inconsistent months pull that average down — consistent deposit history gets you a stronger qualification.