Question 1

Can I use business bank statements instead of personal?

Accepted Answer

Yes. Most lenders accept business statements. They apply an expense ratio — typically 50% — to estimate your net qualifying income.

Question 2

Do bank statement loans work for primary homes in Cotati?

Accepted Answer

Yes. These loans cover primary residences, second homes, and investment properties.

Question 3

How much can I put down on a bank statement loan?

Accepted Answer

Most programs require at least 10% down. Putting down 20–25% improves your rate and approval odds significantly.

Question 4

Are bank statement loan rates higher than conventional?

Accepted Answer

Yes. Non-QM rates run higher due to added lender risk. Rates vary by borrower profile and market conditions.

Question 5

How long do I need to be self-employed to qualify?

Accepted Answer

Most lenders want 2 years of self-employment history. Some accept 1 year with strong compensating factors.

Question 6

Can a broker in Cotati actually find me a non-QM lender?

Accepted Answer

Retail banks rarely offer non-QM. A wholesale broker with non-QM lender access is your best path to approval.

Bank Statement Loans in Cotati, CA — Built for the Self-Employed