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Solana Beach attracts business owners, consultants, and freelancers who earn well but don't show it on a W-2. Bank statement loans exist exactly for this borrower.
This is a non-QM loan — meaning it falls outside standard government guidelines. Lenders use 12 to 24 months of deposits to calculate your qualifying income.
620 typical
Min Credit Score
12–24 months
Statements Required
10%+
Min Down Payment
Non-QM
Loan Type
Up to $3M+
Max Loan (some lenders)
Bank Statement Loans in Solana Beach
Lenders typically want 12 months of personal or 24 months of business bank statements. Business accounts require an expense factor — usually 50% is deducted from deposits.
Credit minimums vary by lender, but most non-QM lenders start at 620. Stronger credit gets you better pricing. Expect to put down at least 10%, often more.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Solana Beach.
Solana Beach attracts business owners, consultants, and freelancers who earn well but don't show it on a W-2. Bank statement loans exist exactly for this borrower.
This is a non-QM loan — meaning it falls outside standard government guidelines. Lenders use 12 to 24 months of deposits to calculate your qualifying income.
Lenders typically want 12 months of personal or 24 months of business bank statements. Business accounts require an expense factor — usually 50% is deducted from deposits.
Banks don't offer these loans. Non-QM wholesale lenders do — and rates, overlays, and expense factors vary significantly across them.
Shopping one lender here is a real mistake. The expense factor alone can swing your qualifying income by tens of thousands of dollars.
The biggest mistake self-employed borrowers make: they show us tax returns that write off everything. That kills conventional approval. Bank statements tell a different story.
Clean, consistent deposits matter. Large one-time transfers or irregular deposits raise questions. We prep clients on this before they apply.
A 1099 loan is another option if you receive contractor income. Profit & Loss statement loans work well if your bookkeeping is tight and a CPA signs off.
Asset depletion loans suit borrowers with large reserves but minimal cash flow. DSCR loans skip income entirely — but only work for investment properties.
Solana Beach home prices sit at the high end of San Diego County. Bank statement loans can go well into the jumbo range — some lenders go to $3M or beyond.
Many buyers here are business owners in tech, real estate, or professional services. This loan type fits that profile directly. Rates vary by borrower profile and market conditions.
Some lenders allow it, but most want one or the other. Mixing accounts can complicate the income calculation.
Most non-QM lenders start at 620. Higher scores get better rates and lower down payment requirements.
Many non-QM lenders go up to $3M or more. Your qualifying income from deposits determines the ceiling.
Yes. Non-QM loans carry a premium over conventional rates. The gap depends on credit, down payment, and lender. Rates vary by borrower profile and market conditions.
Most lenders want a 2-year self-employment history. Some allow less with strong compensating factors.
Lenders apply an expense factor to business deposits — often 50%. Only the remaining amount counts as qualifying income.