Question 1

Can I use seasonal business income to qualify?

Accepted Answer

Yes, as long as 12–24 months of statements show consistent deposit history. Lenders average deposits across the full statement period.

Question 2

Do I need to use a business account?

Accepted Answer

No. Personal bank statements are accepted and often produce higher qualifying income. Run both scenarios with your broker first.

Question 3

How does the expense ratio work?

Accepted Answer

Lenders apply a set percentage to reduce gross deposits to estimated net income. A lower expense ratio means higher qualifying income.

Question 4

Are bank statement loans available for Dunsmuir properties?

Accepted Answer

Yes. Non-QM lenders typically lend in rural California counties. Property type and loan amount may affect which lenders participate.

Question 5

How do bank statement loan rates compare to conventional?

Accepted Answer

Non-QM rates run higher than conventional. The gap varies by lender and borrower profile. Rates vary by borrower profile and market conditions.

Bank Statement Loans for Dunsmuir's Self-Employed Buyers