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Victorville sits in the High Desert, where self-employed contractors, truckers, and small business owners are common. Tax returns rarely show what these borrowers actually earn.
Bank statement loans skip the W-2 requirement entirely. Lenders look at 12 to 24 months of deposits instead. That changes everything for High Desert borrowers.
12–24 Months
Statement History
640+
Min Credit Score
10–20%
Down Payment
Self-Employed
Employment Type
You'll need 12 to 24 months of bank statements — personal, business, or both. Lenders average your monthly deposits to calculate qualifying income.
Most lenders want a 640+ credit score and 10 to 20 percent down. Stronger credit can unlock better terms. Rates vary by borrower profile and market conditions.
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.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs for California's self-employed borrowers. That breadth matters when you're shopping for the best fit.
The biggest mistake I see: borrowers submit statements with large irregular deposits. That raises flags. Consistent monthly deposits tell a cleaner income story.
If your deposits vary wildly, a 24-month average smooths things out better than 12 months. Choose the window that shows your income most favorably.
Bank statement loans aren't your only non-QM option. If you get 1099s, a 1099 loan may qualify you at a higher income. If your write-offs are extreme, a P&L loan might work better.
Asset depletion loans work if you're cash-heavy but income-light. DSCR loans are the move if you're buying investment property. Know which tool fits your situation.
Victorville's economy runs on logistics, construction, and independent trades. Many of these workers write off aggressively and show low taxable income — exactly who bank statement loans serve.
San Bernardino County's housing costs are lower than coastal California. That means loan amounts are more manageable, and qualifying on bank statement income is more realistic here.
Most lenders accept either. Business statements require an expense ratio adjustment to estimate net income. Personal statements are often simpler to underwrite.
Most lenders require at least 2 years of self-employment history. A newer business typically won't qualify, regardless of deposit volume.
They add up qualifying deposits over 12 or 24 months, then divide by that period. Business accounts usually apply a 50% expense factor before averaging.
Yes — non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions. Stronger credit and larger down payments reduce the gap.
Some lenders allow 10% down with strong credit and reserves. Expect more favorable pricing at 20% down or more.
Underwriters flag transfers between accounts. Only true revenue deposits count. Mixing accounts creates problems — keep business income deposits clean and separate.
Bank Statement Loans in Victorville