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Capitola draws self-employed buyers — consultants, freelancers, and small business owners who write off income aggressively.
Tax returns often show little taxable income. Bank statement loans solve that problem by using actual cash flow instead.
12–24 Months
Bank Statement History
Typically 680+
Min Credit Score
10–20% Typical
Down Payment
Deposits, Not Returns
Income Verification
Higher — Non-QM
Rate vs Conventional
Bank Statement Loans in Capitola
You'll need 12 to 24 months of bank statements — personal, business, or both. Lenders average your monthly deposits to calculate qualifying income.
Most lenders want a 680+ credit score and 10–20% down. Rates run higher than conventional. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Capitola.
Capitola draws self-employed buyers — consultants, freelancers, and small business owners who write off income aggressively.
Tax returns often show little taxable income. Bank statement loans solve that problem by using actual cash flow instead.
You'll need 12 to 24 months of bank statements — personal, business, or both. Lenders average your monthly deposits to calculate qualifying income.
Most banks won't touch bank statement loans. These are non-QM products — wholesale lenders specialize in them.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means real options across rates, terms, and qualifying guidelines.
Business bank statements get scrutinized harder. Lenders apply an expense ratio — usually 50% — before counting deposits as income.
Personal statements avoid that haircut. If your business and personal accounts are mixed, sort that out before you apply.
If you receive 1099s, a 1099 loan may qualify you at a higher income than bank statements alone.
Own rentals? A DSCR loan skips your personal income entirely and qualifies on property cash flow instead.
Santa Cruz County has a strong freelance and tech-adjacent workforce. Bank statement loans are more common here than in most California counties.
Coastal properties in Capitola can carry premium price tags. Make sure your deposit history reflects the purchase price you're targeting.
Yes. Many lenders accept both. Business statements get an expense ratio applied. Personal statements count deposits at face value.
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.
Lenders average deposits over 12 or 24 months. Inconsistency is manageable — a longer history helps smooth it out.
The loan type is the same anywhere in California. Higher local prices mean you need more qualifying income from your statements.
Usually 21–30 days. Statement review adds time upfront. Getting your documents organized early keeps things moving.
Yes, but a DSCR loan may be the cleaner option. It qualifies on rental income rather than your personal deposits.