Loading
Fairfield sits between Sacramento and San Francisco. That corridor draws a lot of self-employed contractors, truckers, and small business owners.
W-2 income doesn't reflect how these borrowers actually earn. Bank statement loans solve that problem directly.
660+
Min Credit Score
Bank Statements Only
Income Verification
12–24 Months
Statement History
10–20%
Down Payment
3–6 Months
Reserves Required
Bank Statement Loans in Fairfield
Lenders look at your bank deposits — not your tax returns. If your Schedule C shows heavy write-offs, this loan ignores that number.
Most programs want a 660+ credit score and 10-20% down. You'll also need 3-6 months of cash reserves after closing.
Bank statement loans are non-QM products. Most retail banks don't offer them. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in non-QM programs for self-employed borrowers in California.
The biggest mistake self-employed borrowers make: applying at a bank first. You waste time and get denied based on taxable income.
Business bank statement programs apply an expense ratio — typically 50%. Personal accounts usually get credited dollar for dollar. Which works better depends on your deposit patterns.
A 1099 loan works if your gross 1099 income is strong. A P&L loan works if your accountant prepares a solid statement. Bank statement loans work when deposits tell a cleaner story.
DSCR loans skip income entirely — but only for rental properties. If you're buying a primary residence or second home, bank statement loans are often your best path.
Fairfield has a strong independent business community. Trucking, construction, food service — these industries run on self-employment income that tax returns understate.
Travis Air Force Base also brings activity to the local economy. But for civilians running their own operations in Solano County, bank statement loans are one of few real options.
Most lenders require 12 or 24 months. More months usually means a stronger income average and better rate.
Yes. Lenders apply an expense ratio — often 50% — to business deposits. Personal statements are typically counted in full.
Most bank statement programs start at 660. Better scores get lower rates. Rates vary by borrower profile and market conditions.
Yes — most lenders want a two-year self-employment history. A CPA letter confirming your business is common.
Yes, typically. Non-QM loans carry more risk for lenders. That's reflected in the rate. Rates vary by borrower profile and market conditions.
Absolutely. Bank statement loans cover primary residences, second homes, and investment properties.