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Wheatland sits in Yuba County, a region with a strong mix of small business owners, contractors, and self-employed tradespeople.
Bank statement loans exist for borrowers whose tax returns don't reflect real income. If you write off aggressively, this is your loan.
12–24 Months
Statement History
640 Typical
Min Credit Score
10–20% Min
Down Payment
Non-QM
Loan Type
Bank Statement Loans in Wheatland
Lenders typically want 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Most lenders require a 640+ credit score and 10–20% down. Rates run higher than conventional. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect bank statement loans eligibility, lender expectations, and local market factors before comparing payment options in Wheatland.
Wheatland sits in Yuba County, a region with a strong mix of small business owners, contractors, and self-employed tradespeople.
Bank statement loans exist for borrowers whose tax returns don't reflect real income. If you write off aggressively, this is your loan.
Lenders typically want 12 to 24 months of personal or business bank statements. They average your deposits to calculate qualifying income.
Most retail banks don't offer bank statement loans. You need a non-QM lender — and there aren't many in Yuba County branch offices.
That's where a broker with wholesale access matters. We shop 200+ lenders to find who prices this loan best for your deposit pattern.
The biggest mistake self-employed borrowers make: mixing personal and business deposits. Lenders scrutinize that heavily.
Keep accounts clean for at least 12 months before applying. Large irregular deposits get questioned and can tank your qualifying income.
If you get a 1099, a 1099 loan may price better than a bank statement loan. Worth running both scenarios.
If you own rentals, a DSCR loan qualifies on rental income — no personal income docs needed at all. Different tool, same borrower type.
Yuba County has a high share of small business owners in construction, agriculture, and trades. Bank statement loans fit that profile well.
Property values in the region are lower than coastal California. That means smaller loan sizes — and sometimes tighter non-QM lender minimums apply.
Yes. Many lenders accept personal statements. Business statements often get an expense factor applied, which lowers your qualifying income.
Yes. Rates run higher due to the added risk. Rates vary by borrower profile and market conditions.
Most lenders want a 2-year self-employment history. Some will consider 12 months with strong statements.
Some non-QM lenders set minimums around $150K. Wheatland's price range can bump up against that floor — ask before applying.
Yes. Rate-and-term and cash-out refinances are both available through non-QM lenders using bank statements.