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Los Gatos sits in the heart of Silicon Valley. Self-employed founders, consultants, and tech contractors are everywhere here.
Most of them can't show a W-2. Bank statement loans exist specifically for this borrower profile.
12 or 24 Months
Statement Period
620–660 Typical
Min Credit Score
Self-Employed Only
Employment Type
10%–20% Typical
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Los Gatos
Lenders use 12 to 24 months of personal or business bank statements. They calculate an average monthly deposit to determine qualifying income.
Credit score requirements vary by lender. Most bank statement programs start around 620 to 660. Stronger credit opens more program options.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Los Gatos.
Los Gatos sits in the heart of Silicon Valley. Self-employed founders, consultants, and tech contractors are everywhere here.
Most of them can't show a W-2. Bank statement loans exist specifically for this borrower profile.
Lenders use 12 to 24 months of personal or business bank statements. They calculate an average monthly deposit to determine qualifying income.
Bank statement loans are non-QM — meaning they don't meet conventional lending standards. Not every lender offers them.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in non-QM products built for high-income self-employed borrowers.
Business owners often write off a lot on taxes. That tanks their taxable income — and kills conventional loan approvals.
Bank statements show actual cash flow. That number is usually much stronger than what the tax return says. That's the whole point of this loan.
A 1099 loan uses your 1099 forms instead of bank statements. If your income is reported on 1099s, that route may be cleaner.
Profit and loss statement loans work well if your CPA prepares clean monthly P&Ls. Asset depletion loans are another path if you hold significant liquid assets.
Los Gatos home prices are among the highest in Santa Clara County. You'll likely need a jumbo bank statement loan — loan amounts above conforming limits.
Not all non-QM lenders go jumbo. At SRK CAPITAL, we specifically source lenders that combine bank statement income with jumbo loan amounts for Silicon Valley buyers.
Yes. Lenders will apply an expense ratio to business deposits. Personal statements typically qualify 100% of deposits.
Loan amounts vary by lender and your qualifying income. Jumbo amounts are available for high-cost Los Gatos properties.
Most lenders require 24 months of self-employment. Some will consider 12 months with strong compensating factors.
Yes. Non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions.
Lenders average the deposits over 12 or 24 months. Inconsistency affects the average but doesn't automatically disqualify you.
Yes. Bank statement loans work for both purchases and cash-out refinances in Los Gatos.