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Dorris sits in far northern Siskiyou County — rural, agriculture-driven, and full of self-employed borrowers who can't qualify with a W-2.
Bank statement loans exist for exactly this borrower. Your tax returns don't have to tell the whole story.
12–24 Months
Bank Statements Required
660+
Min Credit Score (Typical)
10–20%
Down Payment Range
Bank Statements
Income Doc Type
Non-QM
Loan Category
Bank Statement Loans in Dorris
You'll need 12 to 24 months of bank statements — personal or business — to document your income. Lenders average your deposits to calculate qualifying income.
Most lenders want a 660+ credit score and 10-20% down. Stronger credit means better rates. 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 Dorris.
Dorris sits in far northern Siskiyou County — rural, agriculture-driven, and full of self-employed borrowers who can't qualify with a W-2.
Bank statement loans exist for exactly this borrower. Your tax returns don't have to tell the whole story.
You'll need 12 to 24 months of bank statements — personal or business — to document your income. Lenders average your deposits to calculate qualifying income.
Bank statement loans are non-QM products. Most banks and credit unions don't offer them. You need a wholesale lender with a dedicated non-QM shelf.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM programs for rural California borrowers just like you.
The most common mistake: submitting 12 months when 24 months tells a better story. If your income is growing, the longer look raises your qualifying number.
Business account borrowers — watch your expense ratio. Lenders typically apply a 50% expense factor to business deposits. Personal accounts don't take that haircut.
If you receive 1099s, a 1099 Loan might qualify you at a higher income figure than bank statements. Worth running both scenarios before you commit.
Own rental property? A DSCR loan qualifies on rent income — not your personal income at all. Different tool, different borrower problem.
Siskiyou County is heavily rural. Farming, timber, and small business ownership dominate the local economy. Traditional income docs rarely capture real earnings here.
Rural properties can also add appraisal complexity. Some non-QM lenders restrict acreage. Confirm property eligibility before you get deep into a deal.
Yes. Most lenders apply a 50% expense factor to business deposits. Personal accounts typically produce a higher qualifying income figure.
Yes. These loans are designed for self-employed borrowers. W-2 employees should use conventional or FHA income documentation instead.
Lenders require 12 to 24 months. Twenty-four months is standard for most non-QM programs and often produces a higher qualifying income.
Yes, non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions — your credit score and down payment matter most.
Some non-QM lenders restrict acreage or rural property types. We verify lender property guidelines before submitting your file.
Most bank statement programs start at 660. Some lenders go lower with a larger down payment. Stronger scores get meaningfully better pricing.