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Moorpark attracts a lot of self-employed buyers. Business owners, contractors, and consultants love it here — good schools, quiet streets, reasonable commute to LA.
The problem is tax returns. Most self-employed borrowers write off everything, which tanks their stated income. Bank statement loans solve that.
620+
Min Credit Score
As low as 10%
Down Payment
12–24 months
Bank Statements
2 years required
Self-Employment
Non-QM
Loan Type
Bank Statement Loans in Moorpark
Lenders want 12 to 24 months of bank statements — personal, business, or both. They calculate income from your average monthly deposits, not your Schedule C.
Most programs require a 620+ credit score. Down payments typically start at 10%. Expect lenders to apply an expense factor to business accounts.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Moorpark.
Moorpark attracts a lot of self-employed buyers. Business owners, contractors, and consultants love it here — good schools, quiet streets, reasonable commute to LA.
The problem is tax returns. Most self-employed borrowers write off everything, which tanks their stated income. Bank statement loans solve that.
Lenders want 12 to 24 months of bank statements — personal, business, or both. They calculate income from your average monthly deposits, not your Schedule C.
Big banks don't touch these loans. Bank statement programs live in the non-QM wholesale space — specialty lenders who price risk differently.
Rates are higher than conventional. That's the tradeoff for flexible income verification. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers apply at one lender and get a bad rate. Each non-QM lender prices bank statement loans differently. Shopping matters here.
Business account statements get discounted. If your business deposits are high but your expense ratio is flagged, a personal account strategy may qualify you for more.
A 1099 loan uses your 1099 forms instead of statements — better fit if your income is consistent and well-documented on those forms.
P&L loans use a CPA-prepared profit and loss statement. Faster to document, but fewer lenders accept them. Bank statement loans have the widest lender acceptance.
Moorpark's price range means most bank statement borrowers need solid down payments. You're not getting by on 5% here — lenders want skin in the game on non-QM deals.
Ventura County has a strong base of small business owners and tradespeople. Bank statement loans fit that borrower profile well. We see a lot of these deals close here.
No. That's the point. Lenders use your deposit history instead of tax returns to calculate income.
Most programs require 12 or 24 months. More months often means a more accurate income average and stronger approval.
Yes. Business statements get an expense factor applied. Personal deposits are usually counted at a higher percentage.
Most non-QM lenders start at 620. Better rates kick in at 680 and above — score matters here.
Yes, they run higher. The gap varies by lender, which is exactly why shopping across multiple non-QM lenders matters. Rates vary by borrower profile and market conditions.
Most lenders require two years of self-employment history. A business license or CPA letter typically verifies this.