Question 1

Can I use cryptocurrency income for bank statement loans in Foster City?

Accepted Answer

Some lenders now accept verified crypto holdings as reserves. Income from crypto trading may count if shown consistently across 12-24 months of statements.

Question 2

What expense ratio do lenders use on my deposits?

Accepted Answer

Most apply 25-50% expense deductions. Business accounts typically get 50% deductions, personal accounts 25%. This directly affects your qualifying income.

Question 3

Do I need both business and personal statements?

Accepted Answer

No, you choose one. Business statements work best if you run expenses through that account. Personal statements simplify documentation for side income.

Question 4

How do irregular tech payments affect my application?

Accepted Answer

Lenders average deposits over 12-24 months. Quarterly bonuses or milestone payments average out. One-time equity events don't count as recurring income.

Question 5

What rates should I expect compared to conventional loans?

Accepted Answer

Bank statement rates typically run 1-2% higher than conventional. Rates vary by borrower profile and market conditions. Credit scores above 720 get the best pricing.

Bank Statement Loans in Foster City: Financing for Tech Entrepreneurs & Self-Employed