Loading
Loading
Sonoma County has a dense population of self-employed borrowers. Contractors, consultants, winery owners, and small business operators are everywhere here.
Tax returns rarely tell the full story for these borrowers. Bank statement loans fix that by using actual cash flow instead.
12–24 Months
Bank Statement History
620–660 Typical
Min Credit Score
10% Minimum
Down Payment
Non-QM
Loan Type
2 Years Typical
Self-Employment Required
Bank Statement Loans in Cotati
You'll need 12 months of bank statements at minimum. Most lenders prefer 24 months for stronger qualification.
Credit requirements vary by lender. Expect a 620–660 minimum score on most programs. Stronger credit opens better pricing.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Cotati.
Sonoma County has a dense population of self-employed borrowers. Contractors, consultants, winery owners, and small business operators are everywhere here.
Tax returns rarely tell the full story for these borrowers. Bank statement loans fix that by using actual cash flow instead.
You'll need 12 months of bank statements at minimum. Most lenders prefer 24 months for stronger qualification.
Bank statement loans are non-QM products. Most retail banks won't touch them. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders. Several specialize in non-QM. That means more programs and real competition on your rate.
The biggest mistake I see: borrowers mixing personal and business deposits. Keep accounts clean before you apply.
Lenders calculate income using a deposit average. Large one-time transfers inflate it and raise red flags. Consistency matters more than spikes.
A 1099 loan works if your income is all freelance or contract. Bank statement loans work better when you have mixed or business income.
DSCR loans serve investors. Asset depletion loans work for borrowers with reserves but low income. Bank statement loans are the move for active business owners.
Cotati sits in the middle of Sonoma County's small business corridor. Many buyers here are sole proprietors with strong cash flow but modest taxable income.
Property values in Cotati and surrounding Rohnert Park area can push loan sizes into jumbo non-QM territory. Confirm your loan size before picking a program.
Yes. Most lenders accept business statements. They apply an expense ratio — typically 50% — to estimate your net qualifying income.
Yes. These loans cover primary residences, second homes, and investment properties.
Most programs require at least 10% down. Putting down 20–25% improves your rate and approval odds significantly.
Yes. Non-QM rates run higher due to added lender risk. Rates vary by borrower profile and market conditions.
Most lenders want 2 years of self-employment history. Some accept 1 year with strong compensating factors.
Retail banks rarely offer non-QM. A wholesale broker with non-QM lender access is your best path to approval.