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Turlock has a strong base of small business owners, farmers, and independent contractors. Many of them can't show income the way a W-2 employee can.
Bank statement loans fill that gap. Your deposits — not your tax returns — prove your income.
12–24 Months
Statement History
620 Typical
Min Credit Score
10% Typical
Min Down Payment
Non-QM
Loan Type
Varies by Profile
Rate Pricing
Bank Statement Loans in Turlock
Lenders typically want 12 to 24 months of bank statements. They average your deposits to calculate qualifying income.
Credit requirements vary by lender. Most want a 620 or higher score. Down payments usually start at 10 percent.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Turlock.
Turlock has a strong base of small business owners, farmers, and independent contractors. Many of them can't show income the way a W-2 employee can.
Bank statement loans fill that gap. Your deposits — not your tax returns — prove your income.
Lenders typically want 12 to 24 months of bank statements. They average your deposits to calculate qualifying income.
Big retail banks rarely offer bank statement loans. This is a non-QM product — meaning it lives outside conventional lending guidelines.
Wholesale lenders are where these programs exist. At SRK CAPITAL, we shop across 200+ of them to find the best fit for your deposit history.
The biggest mistake I see: borrowers mixing personal and business deposits in one account. It creates a messy income picture that kills deals.
Keep accounts clean and separate for at least 12 months before applying. That simple habit makes underwriting faster and your approval stronger.
A 1099 loan works if your contractor income is clean and documented. A P&L loan works if your CPA prepares detailed statements.
Bank statement loans work when deposits are your clearest proof of income. We often compare all three before recommending one.
Turlock sits in the heart of the Central Valley. Agriculture, trucking, and small retail drive a lot of the local economy.
Many borrowers here are cash-flow-strong but tax-return-poor. Bank statement loans were practically designed for this income profile.
Either can work. Business statements may require an expense ratio adjustment. Personal statements are often cleaner for income calculation.
No — that's the point. Lenders use your deposits, not your taxable income. Write-offs don't reduce your qualifying income here.
Most lenders want 12 months minimum. 24 months gives a stronger income picture and may improve your rate.
Yes. Bank statement loans work statewide in California. There are no city restrictions on this program.
Yes, typically. Non-QM loans carry more risk for lenders. Rates vary by borrower profile and market conditions.
Yes, if farm income shows consistently in bank deposits. Seasonal patterns are common — lenders account for that with 24-month averages.