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Imperial Beach's real estate market attracts buyers seeking coastal proximity and San Diego County's active community. The 2026 conforming limit is $1,104,000 for conventional financing.
San Diego County's median household income of $102,285 supports purchases across the price spectrum. Bank Statement Loans serve self-employed buyers who lack traditional W-2 documentation.
620+
Minimum FICO Score
12-24 months bank statements
Income Documentation
10% to 25%
Down Payment Range
45-60 days
Underwriting Timeline
Bank Statement Loans in Imperial Beach
Bank Statement Loans require 12-24 months of bank statements showing consistent deposits. Most lenders ask for a 620+ FICO score with compensating factors.
Down payments typically range from 10% to 25% depending on lender and profile. The county's median household income of $102,285 gives context for typical Imperial Beach purchase payments.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Imperial Beach.
Imperial Beach's real estate market attracts buyers seeking coastal proximity and San Diego County's active community. The 2026 conforming limit is $1,104,000 for conventional financing.
San Diego County's median household income of $102,285 supports purchases across the price spectrum. Bank Statement Loans serve self-employed buyers who lack traditional W-2 documentation.
Bank Statement Loans require 12-24 months of bank statements showing consistent deposits. Most lenders ask for a 620+ FICO score with compensating factors.
Bank Statement Loans have become more available as lenders recognize self-employed borrowers' earning power. Retail banks and mortgage brokers both offer these programs with varying terms.
Underwriting typically takes 45-60 days to review multiple months of statements. Appraisal and title work follow standard timelines after income verification.
Bank Statement Loans work for Imperial Beach buyers with strong, documented deposits. If your statements show consistent monthly deposits above the loan payment, this path often closes faster.
The trade-off is documentation burden — lenders ask for 12-24 months of statements. For self-employed buyers with clean financials, that's a small price for conventional rates.
Compared to stated-income loans, Bank Statement Loans require more paperwork but deliver better rates. Stated-income programs skip documentation but typically cost 0.5% to 1% more in interest.
DSCR loans focus on property cash flow rather than personal income. Bank Statement Loans work better for owner-occupants, while DSCR suits investors analyzing rental income.
San Diego County completed its biggest year of low-income housing construction. That county-level housing growth signals infrastructure investment and long-term stability for Imperial Beach buyers.
The region's dining scene continues to expand with new concepts opening. Active neighborhoods with new restaurants tend to hold value better over time.
No. Bank Statement Loans use 12-24 months of bank statements to verify income. This works well for self-employed borrowers whose statements show consistent deposits.
Most lenders require a 620+ FICO score, though some accept lower with strong compensating factors. Consistent bank deposits help offset a lower score.
Expect 45-60 days for underwriting because the lender reviews multiple months of statements. Total closing is typically 60-75 days.
Yes. Bank Statement Loans work for jumbo purchases above the 2026 conforming limit of $1,104,000. Jumbo terms typically require 20% down.
Down payments range from 10% to 25% depending on lender and profile. Stronger bank statements and higher FICO scores qualify for the lower end.