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Atherton buyers often run S-corps, hold LLC interests, or take minimal W-2 salaries to optimize taxes. Traditional lenders see low reported income and deny loans despite seven-figure bank balances.
Bank statement loans solve this by using 12 or 24 months of business deposits to calculate qualifying income. Most Atherton deals need this program because tax returns don't reflect actual cash flow.
Bank Statement Loans in Atherton
You need 12 to 24 months of consecutive bank statements showing regular deposits. Lenders average monthly deposits and apply a percentage (typically 50% for personal accounts, 75% for business accounts) to estimate income.
Credit scores start at 660 for purchase loans. Down payments range from 10% to 20% depending on loan amount and credit profile. Most Atherton buyers put down 20% to avoid higher rates.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Atherton.
Atherton buyers often run S-corps, hold LLC interests, or take minimal W-2 salaries to optimize taxes. Traditional lenders see low reported income and deny loans despite seven-figure bank balances.
Bank statement loans solve this by using 12 or 24 months of business deposits to calculate qualifying income. Most Atherton deals need this program because tax returns don't reflect actual cash flow.
You need 12 to 24 months of consecutive bank statements showing regular deposits. Lenders average monthly deposits and apply a percentage (typically 50% for personal accounts, 75% for business accounts) to estimate income.
Bank statement programs live in the non-QM space with about 30 wholesale lenders offering variations. Rate spreads vary by two full points between best and worst lenders for identical borrower profiles.
Some lenders cap at $2 million. Others go to $4 million or higher for Atherton price points. We shop across 200+ wholesale sources to find lenders with high loan limits and competitive pricing.
Most Atherton buyers underestimate how much income bank statements will show. A business owner writing off $200K in expenses might still qualify for $1.5 million based on gross deposits.
We see tech founders with erratic deposit patterns—huge months followed by quiet ones. Use 24 months instead of 12 to smooth volatility and increase qualifying income by 15% to 25%.
If you receive 1099s from multiple clients, 1099 loans may offer better rates. If rental properties generate most of your income, DSCR loans skip personal income verification entirely.
Bank statement loans work best when deposits mix business revenue, dividends, and irregular income streams. They're the most flexible non-QM option for complex financial profiles.
Atherton home prices push most deals into jumbo territory. Lenders willing to go above $3 million on bank statement programs are scarce. We keep a short list of lenders comfortable at high loan amounts.
Many Atherton buyers hold concentrated stock positions or equity comp that doesn't show on bank statements. Asset depletion loans can layer in those holdings to boost qualifying power.
They average monthly deposits over 12 or 24 months, then apply a percentage. Business accounts use 50-75%. Personal accounts use 50%. Higher percentages mean more qualifying income.
Yes. Most lenders accept multiple accounts as long as you provide consecutive months for each. Combining accounts often increases total qualifying income by 20% or more.
Choose 24 months instead of 12 to average out volatility. Lenders will calculate a smoother income number. This typically adds 15-25% more qualifying income for uneven earners.
Yes. Expect rates 1% to 2% higher than conventional loans as of February 2026. Non-QM programs carry rate premiums but approval flexibility offsets the cost for self-employed borrowers.
Yes. Cash-out and rate-term refinances both qualify. Credit score minimums stay at 660. Most lenders cap cash-out at 75% loan-to-value for Atherton properties.