Question 1

What bank statements do I need for a Sebastopol home purchase?

Accepted Answer

You need 12-24 months of business bank statements, sometimes personal accounts too. Lenders average deposits to calculate income. Consistent monthly flow matters more than occasional large deposits.

Question 2

Can I use bank statement loans if my business is less than 2 years old?

Accepted Answer

Some lenders accept 12 months of business history. Most prefer 24 months for better rates. We find programs that match your specific timeline and deposit strength.

Question 3

How much higher are bank statement loan rates in Sebastopol?

Accepted Answer

Rates run 1-2% above conventional loans. Exact pricing depends on credit, down payment, and reserves. Rates vary by borrower profile and market conditions.

Question 4

Do bank statement loans work for Sonoma County investment properties?

Accepted Answer

Yes, but require 20-25% down and higher rates. DSCR loans often work better for rentals since they qualify on property cash flow instead of personal income.

Question 5

What if my bank statements show seasonal income from wine industry work?

Accepted Answer

Underwriters average 12-24 months to smooth seasonal variation. Choose lenders experienced with agricultural businesses. They understand harvest cycles and won't penalize typical wine country patterns.

Bank Statement Loans in Sebastopol — Income Verification for Self-Employed Borrowers