Loading
Loading
San Bernardino has a strong base of small business owners and independent contractors. Traditional W-2 income verification shuts many of them out of conventional financing.
Bank statement loans solve that. Lenders look at 12 to 24 months of deposits — not tax returns — to establish what you actually earn.
620–680 typical
Min Credit Score
12 or 24 months
Statement Period
10–20% required
Down Payment
20–30 days
Est. Underwriting
Bank Statement Loans in San Bernardino
Most lenders want a 620 to 680 minimum credit score for bank statement loans. The stronger your score, the better your rate and terms.
You'll typically need 10 to 20 percent down. Lenders also want to see consistent deposit history — not one large spike followed by dry months.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in San Bernardino.
San Bernardino has a strong base of small business owners and independent contractors. Traditional W-2 income verification shuts many of them out of conventional financing.
Bank statement loans solve that. Lenders look at 12 to 24 months of deposits — not tax returns — to establish what you actually earn.
Most lenders want a 620 to 680 minimum credit score for bank statement loans. The stronger your score, the better your rate and terms.
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.
We work with 200+ wholesale lenders — including specialists in non-QM. That means real rate competition, not one take-it-or-leave-it offer.
The biggest mistake self-employed borrowers make: applying before cleaning up their deposit history. Irregular transfers and unexplained large deposits raise flags.
Use the account you actually run your business through. Mixing personal and business deposits forces underwriters to back out income — and that hurts your qualifying number.
If you file a 1099, a 1099 loan may price out better than a bank statement loan. Both are non-QM, but the income calc works differently.
If you own rentals, a DSCR loan skips income verification entirely — the property's cash flow qualifies the loan. That's often cleaner for investors in San Bernardino.
San Bernardino County has a dense corridor of trucking, logistics, and trade contractors — most of whom are self-employed or run small LLCs.
Bank statement loans are a natural fit here. If your write-offs make your taxable income look low, this program lets your actual cash flow do the talking.
Yes, most lenders accept personal statements. Business statements often result in a higher qualifying income after the expense factor is applied.
They average your deposits over 12 or 24 months. Business accounts typically get a 50% expense factor applied, reducing qualifying income.
Yes. Non-QM loans carry higher rates than conventional products. Rates vary by borrower profile and market conditions.
Yes — purchase and refinance transactions are both eligible. Down payment and credit requirements apply as with any non-QM loan.
Expect 20 to 30 days with a prepared non-QM lender. Having clean, organized statements upfront cuts that time significantly.