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Ripon sits in San Joaquin County, surrounded by agriculture, small business, and independent contractors. A lot of earners here don't fit the W-2 mold.
Bank statement loans fill that gap. If your tax returns show write-offs that shrink your income on paper, this program reads your actual cash flow instead.
12–24 Months
Statement History
620+
Min Credit Score
10%
Min Down Payment
No
Tax Returns Required
Non-QM
Loan Type
Bank Statement Loans in Ripon
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Business account deposits get discounted by an expense factor — usually 50%. Personal accounts often pass through at full value. Your lender picks the method.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Ripon.
Ripon sits in San Joaquin County, surrounded by agriculture, small business, and independent contractors. A lot of earners here don't fit the W-2 mold.
Bank statement loans fill that gap. If your tax returns show write-offs that shrink your income on paper, this program reads your actual cash flow instead.
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Bank statement loans are non-QM products. That means most big retail banks won't touch them. You need access to wholesale non-QM lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in non-QM. Rate and program terms vary significantly across them — shopping matters here.
The biggest mistake I see? Borrowers mixing personal and business deposits into one account. That creates a documentation mess. Keep them separate before you apply.
Lenders also want to see consistency. Two strong months don't override 10 slow ones. Stable or growing deposits over the full statement period help your case.
A 1099 loan uses your contractor income forms instead of statements. If your 1099s show strong gross income, that path may get you a better rate.
P&L statement loans use a CPA-prepared profit and loss — fewer months of records, but lenders want a licensed accountant's signature. Bank statement loans skip that requirement entirely.
Ripon has a strong base of small business owners — trucking, agriculture, landscaping, and trades. Most of them write off aggressively. Their tax returns don't reflect real earnings.
Bank statement loans were designed for exactly this borrower profile. If you've been running a business in San Joaquin County and getting turned down by conventional lenders, this is worth a close look.
It depends on the lender. Some accept one or the other. Many prefer business statements if that's where most income flows.
Some non-QM lenders allow 10% down. Stronger credit scores and more reserves usually unlock that lower tier.
Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.
Lenders average the full period. Wide swings can hurt your qualifying income. Seasonal businesses should be ready to explain patterns.
Most non-QM loans close in 21 to 30 days. Messy documentation adds time — clean statements speed things up.
Yes. Cash-out and rate-term refis are both available under non-QM guidelines. Same income documentation rules apply.