Question 1

Can I use personal bank statements instead of business accounts?

Accepted Answer

Yes. Lenders accept personal statements if they show consistent income deposits. Clean separation from personal spending makes underwriting faster.

Question 2

What if my income varies month to month?

Accepted Answer

Lenders average your deposits over 12 or 24 months. Seasonal patterns work fine when the full cycle shows adequate income.

Question 3

Do crypto deposits count as income now?

Accepted Answer

Some lenders verify crypto holdings and count them toward income or reserves. Requirements vary, so ask your broker about specific programs.

Question 4

How much income do lenders count from my deposits?

Accepted Answer

Most calculate 50-100% of deposits as income. The percentage depends on your business type and expense ratio assumptions.

Question 5

Will my tax write-offs hurt my approval?

Accepted Answer

No. Bank statement loans ignore your tax returns entirely. They only care about deposits flowing through your accounts.

Question 6

Can I close faster than 60 days in Fort Jones?

Accepted Answer

Rarely. Rural appraisals and well inspections add time. Budget 45-60 days minimum for properties with septic and well systems.

Bank Statement Loans in Fort Jones: Financing for Self-Employed Borrowers