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Tehama is a small rural community in Tehama County. Many buyers here are business owners, farmers, or contractors — people whose tax returns don't reflect real income.
Bank statement loans exist for exactly this profile. You show 12 to 24 months of deposits instead of W-2s or tax returns.
620+
Min Credit Score
As low as 10%
Down Payment
12–24 months
Statements Required
Non-QM
Loan Type
Bank Statement Loans in Tehama
Lenders look at your average monthly deposits over 12 to 24 months. They apply an expense factor — typically 50% for personal accounts, less for business accounts.
Credit score minimums vary by lender. Most want at least a 620, but stronger scores get you better pricing. Down payment requirements typically start at 10%.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Tehama.
Tehama is a small rural community in Tehama County. Many buyers here are business owners, farmers, or contractors — people whose tax returns don't reflect real income.
Bank statement loans exist for exactly this profile. You show 12 to 24 months of deposits instead of W-2s or tax returns.
Lenders look at your average monthly deposits over 12 to 24 months. They apply an expense factor — typically 50% for personal accounts, less for business accounts.
Most big banks don't offer bank statement loans. This is a non-QM product — meaning it falls outside conventional lending guidelines.
Wholesale lenders are where these programs live. That's exactly why working with a broker who has access to 200+ wholesale lenders matters in a market like Tehama.
The biggest mistake self-employed borrowers make is assuming they can't qualify. Their write-offs hurt them on tax returns — but bank statements tell the real story.
Bring 24 months of statements if you can. Lenders average the deposits, so a longer window smooths out slow months and strengthens your file.
If you get 1099s instead of W-2s, a 1099 loan might qualify you at a lower rate than a bank statement loan. Both are non-QM, but income calculation differs.
Asset depletion loans work if you have large reserves but low monthly deposits. Profit and loss statement loans are another route if your CPA provides a signed P&L.
Tehama County has a strong agricultural and small business base. Seasonal income is common here — bank statement loans handle that better than any conventional program.
Rural properties in Tehama can sometimes complicate appraisals. Your loan type matters less than getting a lender who knows rural collateral.
Yes. Many lenders accept personal statements. Expect a higher expense factor applied, which reduces your qualifying income.
They average your monthly deposits over 12 or 24 months. Then they subtract an expense ratio to estimate net income.
Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.
Most lenders require 2 years of self-employment history. Some allow 12 months with strong compensating factors.
Yes. Bank statement loans work for rural purchases. The property still needs to meet the lender's appraisal requirements.