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Cupertino is one of the most expensive zip codes in Santa Clara County. Self-employed buyers here need income verification that matches how they actually earn.
Bank statement loans skip the W-2 requirement entirely. Lenders use 12 to 24 months of deposits to calculate your qualifying income instead.
620+
Min Credit Score
12–24 Months
Statements Required
10%–20%
Down Payment
2 Years
Self-Employed Min
6–12 Months
Reserves Required
Bank Statement Loans in Cupertino
Most lenders want at least 12 months of bank statements. Business owners using business accounts typically need 24 months and an expense factor applied.
Credit score minimums usually start at 620, though 680 and above gets you better pricing. Expect down payments of 10% to 20% depending on the loan size.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Cupertino.
Cupertino is one of the most expensive zip codes in Santa Clara County. Self-employed buyers here need income verification that matches how they actually earn.
Bank statement loans skip the W-2 requirement entirely. Lenders use 12 to 24 months of deposits to calculate your qualifying income instead.
Most lenders want at least 12 months of bank statements. Business owners using business accounts typically need 24 months and an expense factor applied.
Bank statement loans are non-QM products. That means they don't conform to Fannie Mae or Freddie Mac guidelines, so only specialty wholesale lenders offer them.
Rate varies widely across lenders on this product. Shopping 5 to 10 lenders — not just one or two — can move your rate meaningfully. Rates vary by borrower profile and market conditions.
In Cupertino, many tech founders and consultants write off aggressively. Their tax returns show little income — even if deposits are strong. Bank statement loans solve that gap directly.
We run your statements through multiple lender overlays before committing to one. Some lenders use a 50% expense factor on business accounts. Others use 30%. That difference changes your qualifying income substantially.
A 1099 loan works similarly but is built for contractors with clean 1099 income. If your income mixes 1099s and direct deposits, bank statements are usually the cleaner path.
Asset depletion loans are another option if you have large reserves but low monthly deposits. We match you to the program that produces the highest qualifying income — not just the one we know best.
Cupertino home prices demand large loan amounts. Many bank statement borrowers here are looking at jumbo non-QM territory — loans above the conforming limit requiring stronger reserves.
Santa Clara County's competitive market means offers move fast. Getting a bank statement pre-approval locked in before you shop gives you real credibility with listing agents.
Most lenders require 12 months minimum. Business accounts typically need 24 months with an expense factor applied to calculate net income.
Yes, but business accounts get an expense factor deducted from deposits. Personal accounts usually count at full deposit value.
Yes. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions, so shopping lenders matters.
Most lenders require at least two years of self-employment. A CPA letter confirming your business is active helps support your file.
Yes. Many non-QM lenders go well above conforming limits. You'll typically need stronger reserves and a larger down payment.
Most lenders start at 620. Scores above 680 access better rates and lower down payment requirements on this product.