By Mike Basti, President and Mortgage Broker · NMLS #322904Bank statement loans in California typically require 10–20% down. A 10% down payment is achievable on strong files (higher credit, reserves); lower-credit or larger-loan files trend toward 15–20%. Gift funds are allowed by many programs.
Typical down payment ranges
Most bank-statement programs land at 10–20% down. The strongest files reach 10%; thinner credit, larger loans, or investment properties push higher.
What lowers your down payment
- Higher credit score (720+ opens the best tiers).
- Cash reserves after closing.
- 12–24 months of clean, consistent deposits.
- Owner-occupied vs investment (owner-occupied needs less).
Gift funds and combining programs
Many bank-statement lenders allow gift funds toward the down payment. We'll confirm the exact minimum for your file. See bank statement loan rates.
What the down payment looks like in dollars
| Home price | 10% down | 20% down |
|---|---|---|
| $800,000 | $80,000 | $160,000 |
| $1,200,000 | $120,000 | $240,000 |
| $2,000,000 | $200,000 | $400,000 |
Plus closing costs, which typically run about 2–3% of the price in California.
Reserves: the cash you need after closing
Most bank statement lenders also want reserves, meaning money left in the bank after closing, usually equal to 3 to 12 months of the new house payment. Larger loans need more. Retirement accounts and brokerage accounts often count, sometimes at a discount.
Loan limits
Our bank statement programs generally start at a 640 credit score and go up to $3 million ($5 million by exception). The higher the loan amount, the more down payment and reserves lenders typically want. Call 949-379-5320 for a quote based on your numbers.
Frequently asked questions
How much down payment for a bank statement loan?
Typically 10–20%. Strong files (high credit, reserves) can reach 10% down; weaker files or larger loans trend higher.
Can I get a bank statement loan with 10% down?
Yes, on strong files — generally higher credit and cash reserves. We'll tell you if you qualify for the 10% tier.
Can the down payment be a gift?
Many bank-statement programs allow gift funds. Requirements vary by lender.
Do bank statement loans require reserves?
Usually yes, typically 3 to 12 months of the new house payment held in the bank after closing, depending on the loan amount and lender.