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Davis attracts a high concentration of business owners, consultants, and UC Davis-affiliated entrepreneurs. Standard W-2 income verification shuts many of them out of conventional loans.
Bank statement loans fix that. Instead of tax returns, lenders look at 12 to 24 months of deposits to verify what you actually earn.
620–680
Min Credit Score
10–20%
Down Payment
12–24 months
Bank Statements Needed
No tax returns
Income Verification
3–6 months
Reserves Required
Bank Statement Loans in Davis
Most lenders want a 620–680 minimum credit score. Higher scores get better rates. Rates vary by borrower profile and market conditions.
You'll need 10–20% down depending on the lender. Expect reserves of 3–6 months. Business and personal accounts both qualify.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Davis.
Davis attracts a high concentration of business owners, consultants, and UC Davis-affiliated entrepreneurs. Standard W-2 income verification shuts many of them out of conventional loans.
Bank statement loans fix that. Instead of tax returns, lenders look at 12 to 24 months of deposits to verify what you actually earn.
Most lenders want a 620–680 minimum credit score. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Banks don't offer these. Bank statement loans come through non-QM wholesale lenders — a specialized segment most retail loan officers never touch.
As a broker with access to 200+ wholesale lenders, we shop programs most borrowers never see. Pricing and guidelines vary significantly across lenders.
The biggest mistake self-employed borrowers make: applying at a bank first and getting denied. That denial can affect your next application.
Expense ratios matter here. Lenders calculate your income based on deposits minus a percentage for business expenses. A lower expense ratio means higher qualifying income.
If your 1099s show consistent income, a 1099 loan might qualify you at a better rate. P&L loans work if your accountant can produce a signed statement.
Own rental property? A DSCR loan skips income verification entirely — the rental income qualifies the loan. Each program has a different fit depending on your situation.
Davis has a strong owner-occupied market. Consultants, tech freelancers, and small business owners near UC Davis frequently need non-QM solutions to buy here.
Yolo County sits outside most high-cost area designations, so jumbo thresholds apply sooner. Larger purchases may require a jumbo bank statement loan with stricter reserve requirements.
Yes, most lenders accept both. Personal statements often show higher net deposits, which can increase your qualifying income.
Most programs require 12 or 24 months. The 24-month option typically offers better rates but requires more documentation.
They can. Lenders average your deposits over time. One-time transfers or loans into your account need to be explained and sourced.
Most bank statement lenders want 620–680 minimum. Scores above 700 unlock significantly better pricing. Rates vary by borrower profile.
Yes. Bank statement loans work for investment properties, though down payment and reserve requirements are typically higher than owner-occupied purchases.
Expect 21–35 days with a complete file. Missing or inconsistent statements are the main cause of delays — get those organized early.