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San Francisco runs on founders, freelancers, and business owners. Traditional W-2 income is the exception here, not the rule.
Bank statement loans exist for exactly this borrower. Your tax returns don't tell your whole story — your deposits do.
12 or 24 Months
Statements Required
620–680 Typical
Min Credit Score
As Low as 10%
Min Down Payment
Up to $3M+
Max Loan Amount
Fixed & ARM Options
Rate Type
Bank Statement Loans in San Francisco
Lenders use 12 to 24 months of personal or business bank statements to calculate your qualifying income. Business owners typically get 50% of deposits counted after expenses.
Expect a minimum credit score around 620-680 depending on the lender. Down payments usually start at 10%, but 20% gets you better pricing. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in San Francisco.
San Francisco runs on founders, freelancers, and business owners. Traditional W-2 income is the exception here, not the rule.
Bank statement loans exist for exactly this borrower. Your tax returns don't tell your whole story — your deposits do.
Lenders use 12 to 24 months of personal or business bank statements to calculate your qualifying income. Business owners typically get 50% of deposits counted after expenses.
Most retail banks don't offer bank statement loans. This is a non-QM product — it lives in the wholesale and private lending world.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can shop your file across multiple non-QM investors to find the sharpest rate and the most flexible guidelines.
The biggest mistake self-employed borrowers make: assuming they can't qualify because their taxable income is low. That's a W-2 mindset. Bank statement lenders care about cash flow.
Keep your accounts clean. Large irregular deposits need a paper trail. Lenders flag transfers between accounts — document those early or they'll slow your approval.
A 1099 loan works if most of your income is contract-based. A P&L loan uses an accountant-prepared statement instead of bank statements. Bank statement loans work best when your deposits are consistent and well-documented.
If you own rental property, a DSCR loan qualifies you on rent income — no personal income review at all. The right product depends on how your money actually flows.
San Francisco property values are among the highest in the country. Bank statement loans go up to $3M or more with the right lender — jumbo non-QM is a real product here.
SF's tech and consulting economy produces exactly the borrower this loan was built for: high earners with write-offs who look income-poor on paper but have serious cash flow.
Usually one or the other, but lenders may request both. Personal statements get 100% of deposits counted. Business statements typically count 50%.
Yes. Bank statement loans work for purchases and refinances in SF. Loan amounts can go well into jumbo territory.
Yes, typically. Non-QM loans carry a rate premium for flexible underwriting. Rates vary by borrower profile and market conditions.
Lenders average your deposits over 12 or 24 months. Some volatility is fine, but extreme swings raise questions.
Most bank statement loans close in 21 to 30 days. Having 24 months of clean, organized statements speeds things up considerably.
Yes. Cash-out refinances are common with this product. Many SF borrowers tap equity without triggering a tax return review.