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Lathrop sits in San Joaquin County, a region packed with independent truckers, warehouse owners, and contractors. These borrowers earn real money — they just can't show it on a W-2.
Bank statement loans exist for exactly this situation. Lenders look at 12 to 24 months of deposits instead of tax returns to verify income.
620–660 typical
Min Credit Score
12–24 months
Statements Required
10–20% min
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Lathrop
Most lenders want to see 12 months of bank statements minimum. Stronger files use 24 months. Your deposits tell the income story — not your Schedule C.
Credit requirements vary by lender. Most bank statement programs start around 620 to 660. Expect a down payment of at least 10 to 20 percent.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Lathrop.
Lathrop sits in San Joaquin County, a region packed with independent truckers, warehouse owners, and contractors. These borrowers earn real money — they just can't show it on a W-2.
Bank statement loans exist for exactly this situation. Lenders look at 12 to 24 months of deposits instead of tax returns to verify income.
Most lenders want to see 12 months of bank statements minimum. Stronger files use 24 months. Your deposits tell the income story — not your Schedule C.
Bank statement loans are non-QM products. That means they don't meet standard government guidelines. Not every lender offers them.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in non-QM. That gives you real options on rate and structure — not just one take-it-or-leave-it offer.
The biggest mistake self-employed borrowers make: mixing personal and business deposits in one account. Lenders need a clean paper trail. Separate accounts before you apply.
Expense ratios matter too. If you run a business, lenders may apply an expense factor to your gross deposits — sometimes 50%, sometimes less. Your net qualifying income depends on it.
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 you own investment property, a DSCR loan sidesteps income verification entirely.
Profit and loss statement loans work for some borrowers too — especially those with a CPA who can produce a clean P&L. We compare all these programs before recommending one.
Lathrop has grown fast. Logistics, distribution, and small business ownership are common here. Many of these borrowers write off heavily on taxes — which tanks their stated income on paper.
That gap between real cash flow and taxable income is exactly why bank statement loans exist. In San Joaquin County, this program gets deals done that conventional loans can't touch.
Yes, many lenders accept personal statements. Business statements typically require an expense ratio reduction to estimate net income.
Most lenders require two years of self-employment. Some will consider 12 months with strong deposit history and prior industry experience.
Yes. Non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes. Bank statement loans can be used for primary homes, second homes, and investment properties. Terms differ by property type.
Lenders average your deposits over 12 or 24 months. Some months lower, some higher — the average is what qualifies you.