Question 1

Can I use both business and personal bank statements?

Accepted Answer

Yes, most lenders accept either or a combination. Business accounts work best for sole proprietors. Personal accounts work if that's where you deposit business income consistently.

Question 2

What if I have large one-time deposits from selling stock or crypto?

Accepted Answer

Underwriters exclude irregular deposits when calculating income. They average recurring deposits only. Large one-time transactions can complicate approval, so cleaner statements help.

Question 3

Do I need two years of self-employment history?

Accepted Answer

Most lenders want 12-24 months of consistent bank deposits. You don't need to show two years as self-employed on tax returns—the bank statements prove your income stability.

Question 4

How do rate cuts later this year affect bank statement loan pricing?

Accepted Answer

Rate cuts don't guarantee lower mortgage rates immediately. Bank statement loans follow market conditions and investor appetite. We watch pricing daily across lenders.

Question 5

Can I use bank statement loans for investment properties in Milpitas?

Accepted Answer

Yes, but DSCR loans usually price better for rentals. Bank statement loans make sense if you're buying a property that won't generate rent immediately.

Bank Statement Loans in Milpitas: Income Verification for Self-Employed Tech Professionals