Question 1

Can I use both personal and business bank statements?

Accepted Answer

Yes. Many lenders accept both. Business statements get an expense ratio applied. Personal statements count deposits at face value.

Question 2

Do bank statement loans cost more than conventional?

Accepted Answer

Yes. Expect a higher rate than a conventional loan. You're trading documentation flexibility for a rate premium. Rates vary by borrower profile and market conditions.

Question 3

What if my deposits are inconsistent month to month?

Accepted Answer

Lenders average deposits over 12 or 24 months. Inconsistency is manageable — a longer history helps smooth it out.

Question 4

Is a bank statement loan harder to get in Capitola?

Accepted Answer

The loan type is the same anywhere in California. Higher local prices mean you need more qualifying income from your statements.

Question 5

How long does a bank statement loan take to close?

Accepted Answer

Usually 21–30 days. Statement review adds time upfront. Getting your documents organized early keeps things moving.

Question 6

Can I use a bank statement loan for a vacation rental in Capitola?

Accepted Answer

Yes, but a DSCR loan may be the cleaner option. It qualifies on rental income rather than your personal deposits.

Bank Statement Loans in Capitola, CA