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San Diego County completed its biggest year of low-income housing construction. Bank Statement Loans open doors for self-employed buyers who don't fit traditional W-2 molds.
The county's median household income of $102,285 supports purchases well into the $600,000 range. Self-employed professionals can access conforming financing without tax return complexity.
620
Minimum FICO
10–25%
Down Payment Range
30–45 days
Underwriting Timeline
$1,104,000
2026 Conforming Limit
Bank Statement Loans in San Diego
Bank Statement Loans require 12 to 24 months of bank statements. Most lenders ask for 620+ FICO, though some accept 600 with strong reserves.
Down payments typically range from 10% to 25%. The county's median household income of $102,285 anchors debt-to-income calculations for approval.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in San Diego.
San Diego County completed its biggest year of low-income housing construction. Bank Statement Loans open doors for self-employed buyers who don't fit traditional W-2 molds.
The county's median household income of $102,285 supports purchases well into the $600,000 range. Self-employed professionals can access conforming financing without tax return complexity.
Bank Statement Loans require 12 to 24 months of bank statements. Most lenders ask for 620+ FICO, though some accept 600 with strong reserves.
Bank Statement Loans remain a niche product in California. Most portfolio lenders and private banks offer them; traditional mortgage banks rarely do.
Underwriting takes 30 to 45 days because lenders manually review deposits. Expect tighter scrutiny on business expenses than conventional loans require.
Bank Statement Loans make sense for San Diego self-employed buyers with strong deposit history. If your business is profitable and bank statements show it, this path works well.
They don't work for buyers with minimal deposits or heavy personal spending. Clean accounting matters because lenders scrutinize every withdrawal.
Bank Statement Loans sit between stated-income loans and conventional loans. You skip tax returns but accept slower underwriting and a modest rate premium.
Conventional loans require full tax returns but close faster. If you can document two years of clean returns, conventional saves time and money.
Galū Cafe is opening a sister location in City Heights this fall. Self-employed buyers investing in emerging neighborhoods benefit from both lifestyle and appreciation.
San Diego is navigating new state housing requirements near transit stops. Buyers financing through Bank Statement Loans often hold longer, so policy shifts matter.
Yes. Most lenders accept 620 FICO on Bank Statement Loans. Some go lower to 600 with strong reserves or 15%+ down.
Typically 12 to 24 months. The lender wants consistent deposits and cash flow. Seasonal businesses may need 24 months to show a full cycle.
No. That's the core advantage. The lender uses bank statements to verify income instead of 1040s.
Most lenders ask for 10% to 25% down. Higher down payments improve your rate and approval odds.
Plan for 30 to 45 days. Manual review of deposits takes longer than automated W-2 processing.