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Bank Statement Loans in Suisun City
Suisun City has a solid base of self-employed contractors, small business owners, and 1099 workers who can't qualify with traditional income docs. Bank statement loans let you prove income with deposits, not tax returns.
This loan works well for borrowers who write off heavy business expenses. Your actual cash flow counts more than your taxable income on paper.
You need 12 or 24 months of business or personal bank statements showing regular deposits. Lenders calculate your income by averaging deposits and applying an expense ratio, usually 25-50%.
Most bank statement programs require 620+ credit and 10-20% down. Cash reserves matter more here than with conventional loans, typically 6-12 months of mortgage payments in the bank.
About 30-40 wholesale lenders in our network offer bank statement programs. Each has different deposit calculation methods and expense ratios, which directly impacts your buying power.
Some lenders allow personal statements only. Others require business accounts. A few accept blended calculations if you run deposits through multiple accounts.
I see many Suisun City borrowers who qualify for higher loan amounts with 24-month statements versus 12-month. If your income jumped recently, the shorter lookback helps. If it dipped, go longer.
Clean statements matter. Lenders scrutinize large one-time deposits, transfers between your own accounts, and non-income items. Run your statements by a broker before applying to avoid surprises.
If you receive 1099s with minimal expenses, a 1099 loan costs less than bank statement. If you own rental property, DSCR loans skip personal income entirely and price better.
Bank statement works best when your business has strong cash flow but your CPA writes off everything legally possible. You're trading slightly higher rates for approval without tax returns.
Suisun City's proximity to Travis Air Force Base creates steady demand from military-affiliated contractors who often work on 1099 basis. These borrowers fit bank statement programs well.
Property values in Solano County stay below Bay Area pricing, which means loan amounts typically fall under jumbo thresholds. That keeps bank statement rates more competitive than in San Francisco or Marin.
Yes, most lenders accept personal statements if business income runs through them. Some require business accounts for higher loan amounts or lower rates.
Many lenders now skip 2020-2021 months if they hurt your average. We calculate income using your strongest 12 or 24 consecutive months instead.
No. Lenders subtract transfers, reimbursements, and one-time deposits. Only recurring business income counts toward your debt-to-income ratio.
Expect 0.5-1.5% above conventional rates. Your credit score, down payment, and cash reserves determine where you land in that range.
Absolutely. Rate-term and cash-out refinances both work. You still need 12-24 months of statements and adequate equity in your property.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.