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Guadalupe sits in Santa Barbara County, where self-employment is common across agriculture, trades, and small business.
Bank statement loans exist for borrowers whose tax returns don't reflect real income. If you write off heavily, this loan was built for you.
620+
Min Credit Score
12–24 Months
Bank Statements Needed
2 Years
Self-Employment Required
10%
Min Down Payment
Non-QM
Loan Type
Bank Statement Loans in Guadalupe
Lenders use 12 or 24 months of bank statements to calculate your income. Personal or business accounts both work, depending on the lender.
Most lenders want a 620+ credit score and at least two years of self-employment history. Expect a minimum 10% down payment.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Guadalupe.
Guadalupe sits in Santa Barbara County, where self-employment is common across agriculture, trades, and small business.
Bank statement loans exist for borrowers whose tax returns don't reflect real income. If you write off heavily, this loan was built for you.
Lenders use 12 or 24 months of bank statements to calculate your income. Personal or business accounts both work, depending on the lender.
Bank statement loans are non-QM products. That means they don't follow Fannie Mae or Freddie Mac rules — and not every lender offers them.
At SRK CAPITAL, we work with 200+ wholesale lenders. That access matters here. Non-QM pricing and guidelines vary widely between lenders.
The biggest mistake self-employed borrowers make is assuming they can't qualify. They can — just not through a conventional loan.
Business bank statements require an expense factor, typically 50%. Personal statements usually get full credit. Ask your broker which works better for your deposits.
If you have strong 1099 income, a 1099 loan may qualify you at a lower rate. If your business has solid financials, a P&L loan is worth comparing.
DSCR loans are another option if you're buying investment property. They skip income verification entirely and qualify on rental income instead.
Guadalupe's economy leans heavily on agriculture and seasonal work. Many business owners here have lumpy deposit patterns — that's normal and manageable.
Lenders reviewing Guadalupe bank statements will average deposits over 12 to 24 months. Seasonal dips don't disqualify you. Consistency matters more than peaks.
No. That's the point. Lenders use your deposits to calculate income instead of your tax returns.
Yes, but lenders apply an expense factor — usually 50%. Personal accounts may show higher qualifying income.
Rates run higher than conventional loans. Rates vary by borrower profile and market conditions.
Lenders average your deposits over 12 or 24 months. Seasonal variation common in Guadalupe isn't disqualifying.
Yes. Bank statement loans work for primary residences, second homes, and investment properties.
Typically 21 to 30 days with a prepared borrower. Having 24 months of statements ready speeds things up.