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Fontana's real estate market moves fast for self-employed buyers and business owners. Bank Statement Loans bypass the traditional W-2 income proof that locks out contractors, gig workers, and entrepreneurs.
Self-employed borrowers in Fontana often carry strong credit and solid assets but irregular income on tax returns. Bank Statement Loans use 12–24 months of bank deposits to prove cash flow instead.
620
Minimum FICO
10–25%
Down Payment Range
30–45 days
Approval Timeline
Bank deposits (12–24 months)
Income Proof
Bank Statement Loans in Fontana
Bank Statement Loans typically require 620–640 FICO minimum, though 680+ gets better pricing. Down payments range from 10% to 25% depending on the lender and loan amount. The key is consistent monthly deposits that show the income you actually earn.
San Bernardino County's median household income of $82,184 means a typical buyer here carries $50,000 to $100,000 in annual business income.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Fontana.
Fontana's real estate market moves fast for self-employed buyers and business owners. Bank Statement Loans bypass the traditional W-2 income proof that locks out contractors, gig workers, and entrepreneurs.
Self-employed borrowers in Fontana often carry strong credit and solid assets but irregular income on tax returns. Bank Statement Loans use 12–24 months of bank deposits to prove cash flow instead.
Bank Statement Loans typically require 620–640 FICO minimum, though 680+ gets better pricing. Down payments range from 10% to 25% depending on the lender and loan amount. The key is consistent monthly deposits that show the income you actually earn.
Bank Statement Loans are a niche product. Most retail banks and large lenders don't offer them because the underwriting is manual and time-intensive. Brokers and portfolio lenders dominate this space in California.
Approval timelines run 30–45 days because underwriters hand-review each deposit pattern. Rates are typically 0.375% to 0.75% higher than conforming conventional loans.
Bank Statement Loans make sense in Fontana when a self-employed buyer has strong deposits but messy tax returns. If your bank account shows $8,000–$10,000 monthly deposits and your FICO is 680+, this program pencils.
The real advantage is speed and simplicity for the right borrower. No accountant letters, no business tax returns, no amended returns.
Conventional loans require full tax returns and W-2 income documentation. If your business shows losses or deductions that reduce your reported income, conventional won't work. Bank Statement Loans ignore tax strategy and focus on actual cash flow.
FHA loans also require tax returns and typically want 2 years of business ownership history. Bank Statement Loans have no business-age requirement and no tax-return dependency.
Fontana's industrial and logistics corridor drives self-employment. Contractors, owner-operators, and small business owners cluster here because of proximity to the Ports of Los Angeles and Long Beach. That means Bank Statement Loans fit the local economy.
The city's affordable price point relative to Los Angeles County makes it attractive for business owners saving capital for operations. A $600,000 purchase here leaves more cash in the business than a comparable property in Orange County or LA proper.
No. Bank Statement Loans use 12–24 months of bank deposits to prove income instead of tax returns. Your actual cash deposits matter; business deductions and losses don't.
Most lenders require 620 FICO minimum, but 680+ gets better rates and terms. Strong deposits can sometimes offset a lower score, but 620 is the typical floor.
Down payments range from 10% to 25% depending on the lender and your credit profile. Stronger credit and larger reserves can push toward 10%; weaker profiles may need 20%+.
Bank Statement Loans take 30–45 days because underwriters manually review your deposit history. That's longer than conventional but often faster than stated-income alternatives.
Bank Statement Loans have no business-age requirement. As long as you have 12–24 months of consistent deposits, you can qualify — even if the business is brand new.