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Woodlake sits in Tulare County's agricultural heartland. Small business owners, farmers, and contractors here rarely show income the way a W-2 employee does.
Bank statement loans exist for exactly that situation. Lenders use 12 to 24 months of deposits to verify what you actually earn — not what your tax return shows.
620–660
Min Credit Score
12–24 months
Statement Period
10–20%
Min Down Payment
2 years
Self-Employment Required
Non-QM premium
Rate Type
Bank Statement Loans in Woodlake
Most lenders want a 620 to 660 minimum credit score. Stronger scores get better pricing — 700+ puts you in a much better position.
You'll need at least 10% down, though 20% is more common. Lenders also want to see consistent deposit history across the full statement period.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Woodlake.
Woodlake sits in Tulare County's agricultural heartland. Small business owners, farmers, and contractors here rarely show income the way a W-2 employee does.
Bank statement loans exist for exactly that situation. Lenders use 12 to 24 months of deposits to verify what you actually earn — not what your tax return shows.
Most lenders want a 620 to 660 minimum credit score. Stronger scores get better pricing — 700+ puts you in a much better position.
Banks rarely offer this product. It's almost entirely a wholesale and non-QM lender market. That's where a broker earns their fee.
Rates run higher than conventional loans — that's the tradeoff for flexible income documentation. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers submit statements with irregular deposit spikes. Lenders average your deposits — one big month won't save you.
Business bank statements get a 50% expense factor applied by most lenders. Personal statements use 100% of deposits. Which account you use changes your qualifying income dramatically.
If you file a 1099, a 1099 loan might qualify you on gross earnings without the bank statement review. Worth running both scenarios.
If you own rentals, a DSCR loan skips your personal income entirely. For buyers in Woodlake with investment property, that's often a cleaner path.
Tulare County has a deep base of ag-related self-employment. Growers, labor contractors, and equipment operators rarely show strong taxable income.
Bank statement loans are one of the few real paths to homeownership for this borrower profile. We see a lot of these deals come through from this region.
Yes, but lenders apply a 50% expense factor to business deposits. Personal statements use 100% of deposits toward qualifying income.
Most lenders require 12 months minimum. Some programs allow 24 months to smooth out income variation.
No. Sole proprietors, LLCs, and S-corps all qualify. You just need to show two years of self-employment.
Typically yes — expect a meaningful rate premium for flexible income docs. Rates vary by borrower profile and market conditions.
Yes. Deposit-based income verification works well for Tulare County farmers. Consistent seasonal deposits strengthen your file.
Some lenders allow 10% down, but 20% is more common at competitive rates. Your credit score affects which options are available.