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Montclair sits in the Inland Empire — a region packed with self-employed contractors, small business owners, and tradespeople. Many earn solid income but can't prove it with W-2s.
Bank statement loans exist for exactly this borrower. Instead of tax returns, lenders use 12 to 24 months of deposits to calculate qualifying income.
620+
Min Credit Score
12–24 Months
Statements Required
10–20%
Min Down Payment
Self-Employed Only
Employment Type
Bank Statement Loans in Montclair
Lenders typically want 12 to 24 months of personal or business bank statements. Business owners using business accounts usually apply an expense factor — often 50% — to calculate net income.
Credit requirements vary by lender. Most want a 620 or higher score. Down payments typically start at 10%, with better terms at 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 Montclair.
Montclair sits in the Inland Empire — a region packed with self-employed contractors, small business owners, and tradespeople. Many earn solid income but can't prove it with W-2s.
Bank statement loans exist for exactly this borrower. Instead of tax returns, lenders use 12 to 24 months of deposits to calculate qualifying income.
Lenders typically want 12 to 24 months of personal or business bank statements. Business owners using business accounts usually apply an expense factor — often 50% — to calculate net income.
Bank statement loans are Non-QM products. Most retail banks don't offer them. You need a broker with access to wholesale Non-QM lenders — that's where the real options live.
SRK CAPITAL works with 200+ wholesale lenders. We shop Non-QM programs across that network to find the rate and structure that fits your income profile.
The biggest mistake self-employed borrowers make is mixing personal and business deposits. Lenders flag inconsistent deposits fast. Clean, consistent monthly deposits close faster.
If your tax returns show low income due to deductions, don't try to qualify with them. Bank statements let your actual cash flow do the talking.
1099 loans work well if your income comes from contract work with clear 1099 documentation. Bank statement loans are better when income is irregular or comes through a business account.
Profit & Loss statement loans are another Non-QM option. Some lenders accept a CPA-prepared P&L in place of statements — useful if your deposit history is thin.
San Bernardino County has a high concentration of independent contractors, truckers, and small business operators. These borrowers rarely qualify through conventional channels.
Montclair's proximity to major freight corridors and retail hubs means many residents run their own businesses. Bank statement loans are one of the few programs built for this income type.
Most lenders want 12 months. Some require 24. More history usually means a stronger file and better rate.
Yes. Lenders apply an expense ratio — often around 50% — to business deposits to calculate qualifying income.
Most Non-QM lenders want at least 620. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.
Yes. These loans are designed for self-employed borrowers who can't document income through W-2s or tax returns.
Yes. There's no geographic restriction. SRK CAPITAL works with lenders who fund Non-QM loans throughout San Bernardino County.