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Corning is a small agricultural hub in Tehama County. Many residents run farms, orchards, or small businesses — and their tax returns don't show what they actually earn.
Bank statement loans exist for exactly this situation. Your deposits tell the real income story. No W-2s, no pay stubs required.
12–24 Months
Bank Statements Required
620–640
Min. Credit Score
10–20%
Min. Down Payment
Not Required
W-2 or Tax Return?
Typically +1–2%
Rate Premium vs Conv.
Bank Statement Loans in Corning
Lenders typically want 12 months of bank statements minimum. Most prefer 24 months. They average your monthly deposits and use that as your qualifying income.
Expect a minimum credit score around 620–640. Down payments usually start at 10%, though 20% gets you better rates. 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 Corning.
Corning is a small agricultural hub in Tehama County. Many residents run farms, orchards, or small businesses — and their tax returns don't show what they actually earn.
Bank statement loans exist for exactly this situation. Your deposits tell the real income story. No W-2s, no pay stubs required.
Lenders typically want 12 months of bank statements minimum. Most prefer 24 months. They average your monthly deposits and use that as your qualifying income.
Most retail banks won't touch non-QM loans. Credit unions in Tehama County aren't set up for bank statement programs either.
Wholesale lenders are where these loans actually live. We work with 200+ of them — many specialize in non-QM and compete hard on rate and terms.
The biggest mistake I see: borrowers mixing personal and business deposits in one account. Lenders scrutinize every deposit. Clean, consistent deposits approve faster.
If you use a business account, expect a lender to apply an expense factor — often 50% — to your deposits. A personal account avoids that haircut entirely.
A 1099 loan works if your income is consistent and well-documented on 1099 forms. A P&L loan lets an accountant summarize your income instead of using raw statements.
Bank statement loans sit between those two. More flexible than 1099, more hands-on than P&L. For most self-employed Corning borrowers, this is the cleanest path.
Corning's economy runs on olives, agriculture, and small-business services. Seasonal income is common. Lenders who understand ag cycles make the approval process far smoother.
Property values here are lower than coastal California. That means loan amounts are modest — non-QM pricing is more manageable on a smaller balance than it would be in Sacramento or the Bay Area.
Yes, as long as deposits are consistent and documented. Seasonal patterns are fine — lenders average over 12–24 months.
You can use one or both. Personal statements often qualify you for more income since no expense factor is applied.
Typically 1–2% higher. The gap depends on your credit score, down payment, and which lender we place you with. Rates vary by borrower profile and market conditions.
Lenders average your deposits over the full statement period. Some variation is fine — extreme swings will require explanation.
Often yes, but acreage and property type matter. Some lenders cap rural acreage or require specific appraisal guidelines.
It takes a more experienced hand. Underwriting is manual and judgment-based — choosing the right lender upfront saves weeks.