Bank statement loan rates in California typically run modestly above conventional — often roughly 0.5%–1.5% higher, depending on your credit, down payment, reserves, and months of statements. Because non-QM pricing varies widely by lender, shopping is the biggest lever on your rate.
Why bank statement rates are higher
They're non-QM loans (not sold to Fannie/Freddie), so lenders price in a premium. The premium is small for strong files and larger for thin ones — it is not a fixed number.
What moves your rate
- Credit score (mid-600s vs 740+ is a big swing).
- Down payment / equity (more down = lower rate).
- 12 vs 24 months of statements and deposit consistency.
- Reserves and property type.
How to get the lowest bank statement rate
Non-QM pricing differs dramatically between lenders for the same borrower. As a broker we run your file across many bank-statement investors at once — the single most effective way to cut the rate. What is a bank statement loan?
We don't post daily rate numbers because they change constantly and depend on your file — call (949) 379-5320 for a live quote.
Frequently asked questions
What are bank statement loan rates today?
They change daily and depend on your file, but generally run modestly above conventional — often about 0.5%–1.5% higher. Call for a live quote.
Why are bank statement loan rates higher than conventional?
Because they're non-QM loans lenders keep or sell privately, so they price in a premium — small for strong files, larger for weaker ones.
How do I get the lowest bank statement loan rate?
Strengthen credit, put more down, and — most importantly — shop multiple non-QM lenders, which is what a broker does for you.