Question 1

Can I use business bank statements in Marysville?

Accepted Answer

Yes. Most lenders apply a 50% expense ratio to business deposits. Personal statements avoid that haircut and often produce a higher qualifying income.

Question 2

Do I need two years of self-employment history?

Accepted Answer

Most lenders require at least two years of self-employment. Some non-QM lenders will accept 12 months with strong deposits and reserves.

Question 3

Are rates higher than conventional loans?

Accepted Answer

Yes. Bank statement loans carry higher rates than conventional products. Rates vary by borrower profile and market conditions.

Question 4

What property types qualify in Yuba County?

Accepted Answer

Single-family homes, condos, and 2–4 unit properties typically qualify. Some lenders also allow rural and agricultural-adjacent properties.

Question 5

How many months of statements do I need?

Accepted Answer

Most lenders want 12 months minimum. A 24-month average gives a stronger income picture and may get you better terms.

Question 6

Can I use this loan for a purchase and a refinance?

Accepted Answer

Yes. Bank statement loans work for both purchases and cash-out refinances. Guidelines vary by lender and loan-to-value.

Bank Statement Loans for Marysville's Self-Employed