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Cloverdale sits at the northern edge of Sonoma County wine country. Self-employment runs deep here — vintners, contractors, and hospitality operators are common borrowers.
Traditional lenders look at W-2s and tax returns. That kills deals for business owners who write off aggressively. Bank statement loans fix that problem.
620–660 typical
Min Credit Score
12–24 months
Statements Required
As low as 10%
Down Payment
No tax returns needed
Income Verification
Non-QM
Loan Type
Bank Statement Loans in Cloverdale
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Expect a minimum credit score around 620 to 660 depending on the lender. Down payments typically start at 10%, sometimes 20% for larger loan amounts. 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 Cloverdale.
Cloverdale sits at the northern edge of Sonoma County wine country. Self-employment runs deep here — vintners, contractors, and hospitality operators are common borrowers.
Traditional lenders look at W-2s and tax returns. That kills deals for business owners who write off aggressively. Bank statement loans fix that problem.
Lenders want 12 to 24 months of personal or business bank statements. They average your monthly deposits to calculate qualifying income.
Most retail banks don't offer bank statement loans. These are wholesale, non-QM products — you need a broker with access to the right lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. We compare bank statement programs across multiple non-QM shops to find the sharpest rate and terms for your file.
Business owners often have high gross deposits but heavy expenses. A lender using business statements will apply an expense factor — usually 50% — to net down your income.
Personal statements avoid that haircut. If your personal account shows clean, consistent deposits, that's often the stronger file. We look at both before choosing.
Bank statement loans are one of several non-QM options. 1099 loans work well if most income is reported on 1099s. P&L loans use a CPA-prepared statement instead of bank records.
DSCR loans skip personal income entirely — good for investment properties. Asset depletion loans work when you have large reserves but low monthly cash flow. The right fit depends on your paper trail.
Cloverdale's economy leans heavily on wine, agriculture, and tourism. Many local earners run LLCs or S-Corps — exactly the borrower profile bank statement loans were designed for.
As of April 2026, Sonoma County property values remain elevated relative to state income levels. That makes clean income documentation critical to hitting the right loan amount.
Yes, but lenders apply an expense factor — usually 50% — to business deposits. Personal statements sometimes produce a higher qualifying income.
Yes. Bank statement loans are designed for self-employed borrowers. W-2 employees should look at conventional or FHA options instead.
Most lenders require 12 months minimum. Some programs ask for 24 months, which can strengthen your file if income is growing.
Yes, non-QM rates run higher than conventional. The tradeoff is qualifying without tax returns. Rates vary by borrower profile and market conditions.
Yes. Bank statement loans work for primary homes, second homes, and investment properties. Property type affects your rate and down payment requirement.
Lenders average deposits over the full 12 or 24 months. Seasonal swings are common in Sonoma County — lenders familiar with non-QM understand that.