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OpenAI's 450,000-square-foot lease in Mountain View signals continued tech expansion across the valley. That kind of corporate growth fuels demand for homes here, keeping prices firm and inventory competitive.
Bank Statement Loans work for self-employed buyers and business owners who don't fit traditional W-2 income verification. If your tax returns don't reflect what you actually earn, bank statements become your proof of income.
680 FICO
Minimum Credit Score
20-30%
Down Payment Range
45-60 days
Typical Closing Timeline
12-24 months bank statements
Income Documentation
$159,674 (Santa Clara)
County Median Income
Bank Statement Loans in Mountain View
Bank Statement Loans require 12 to 24 months of business bank statements showing consistent deposits. Lenders average your monthly deposits across that period to calculate qualifying income.
Santa Clara County's median household income of $159,674 supports homes in the $800,000 to $1,200,000 range comfortably. Down payments run 20-30% to avoid mortgage insurance and secure the best rates.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Mountain View.
OpenAI's 450,000-square-foot lease in Mountain View signals continued tech expansion across the valley. That kind of corporate growth fuels demand for homes here, keeping prices firm and inventory competitive.
Bank Statement Loans work for self-employed buyers and business owners who don't fit traditional W-2 income verification. If your tax returns don't reflect what you actually earn, bank statements become your proof of income.
Bank Statement Loans require 12 to 24 months of business bank statements showing consistent deposits. Lenders average your monthly deposits across that period to calculate qualifying income.
Bank Statement Loans are offered by a smaller set of lenders than conventional or FHA programs. Portfolio lenders and specialty mortgage banks dominate this space because they hold loans longer and can underwrite non-traditional income.
Brokers have access to multiple Bank Statement lenders, which matters — each has different statement-averaging methods and reserve requirements. Retail banks rarely offer this product.
Bank Statement Loans make sense in Mountain View when you're self-employed with strong monthly deposits but weak tax returns. If your business is profitable and your statements prove it, this program beats stated-income loans or waiting to restructure your...
The tradeoff: you'll pay slightly higher rates than conventional W-2 borrowers because the lender carries more risk. But if you can't qualify conventionally, the rate premium is worth it to close on time and avoid stated-income programs entirely.
Bank Statement Loans vs. conventional: conventional requires W-2 income and tax returns, Bank Statement uses deposits instead. If your statements show consistent income, Bank Statement closes faster and skips the tax-return scrutiny.
Vs. stated-income programs: Bank Statement requires actual proof (statements), stated-income doesn't. That means Bank Statement rates run lower and lenders take the loan more seriously. You're not guessing income — you're documenting it.
OpenAI's Mountain View expansion and the broader tech hiring boom mean self-employed consultants and contractors are moving here. Bank Statement Loans fit that buyer profile perfectly — you're earning real money but your tax structure doesn't reflect it on...
The Silicon Valley Lunar New Year celebration and Asia Live Food Emporium opening at Westfield Valley Fair show Mountain View's cultural and dining growth. Neighborhoods are becoming more desirable, which means home values hold.
No. Bank statements replace tax returns entirely. Lenders average 12-24 months of deposits to verify income. Tax returns are optional — your deposits are the proof.
Minimum 680 FICO, though 700+ gets better rates. Lenders focus on your bank statements and cash flow more than credit score. A 680 with strong deposits beats a 750 with weak statements.
20-30% down is standard. That avoids mortgage insurance and gets you competitive rates. Some lenders accept 15% down, but you'll pay higher rates and carry insurance.
45-60 days is typical. Income verification takes longer because underwriters review 12-24 months of statements. Conventional loans close in 30-45 days, so plan for extra time.
Yes. Lenders accept statements from any business entity — LLC, S-Corp, sole proprietor. They average deposits across the entity's account, regardless of structure.