Question 1

Can I use a business bank account for this loan?

Accepted Answer

Yes. Most lenders apply an expense ratio — typically 50% — to business deposits. Personal accounts use a higher percentage of deposits as qualifying income.

Question 2

Do I need two years of self-employment history?

Accepted Answer

Most lenders require at least two years self-employed. Some allow one year with strong compensating factors like high credit or large reserves.

Question 3

What credit score do I need?

Accepted Answer

Most non-QM lenders start at 620. Better scores get you lower rates. Rates vary by borrower profile and market conditions.

Question 4

How is my income calculated from bank statements?

Accepted Answer

Lenders average your monthly deposits over 12 or 24 months. Large one-time deposits are often excluded. Consistency matters more than peaks.

Question 5

Is a bank statement loan right for Tulare farm operators?

Accepted Answer

Often yes. Farm operators with strong deposit history but heavy write-offs are exactly who this program was built for.

Question 6

What is the maximum loan amount available?

Accepted Answer

Non-QM lenders set their own limits. Many go well above conforming limits. Your qualifying deposit average is the key factor.

Bank Statement Loans for Self-Employed Buyers in Tulare