A bank statement loan lets self-employed Orange buyers qualify using 12–24 months of deposits instead of tax returns. Typical: 620–640+ credit, 10–20% down, income = averaged deposits × an expense factor (~50%). Helps you compete for sought-after Old Towne homes. Full program details.
How a bank statement loan works
Instead of tax returns, the lender reviews 12 to 24 months of your personal or business bank statements, averages the deposits, and applies an expense factor (often ~50%) to estimate qualifying income. No W-2s, no pay stubs, no tax returns — built for business owners whose write-offs shrink taxable income below what they truly make.
Qualifying strong in a high-demand market
Typical terms (2026)
| Feature | Typical |
|---|---|
| Docs | 12–24 months bank statements — no tax returns |
| Credit score | ~620–640+ |
| Down payment | ~10–20% (more for jumbo) |
| Income calc | Avg deposits × expense factor (~50%) |
| Loan size | Conventional to jumbo (historic homes) |
| Rate | ~0.75–2% over conventional |
Terms vary by lender, business type & profile; illustrative for 2026, not an offer.
Bank statement loan FAQs
What is it?
A non-QM loan qualifying on 12–24 months of deposits, not tax returns.
Helps me compete?
Yes — qualify for more on sought-after Old Towne homes.
Who qualifies?
Self-employed ~2 yrs, 620–640+ credit, 10–20% down.
How's income figured?
Averaged deposits × ~50% expense factor (varies by business).
Higher rates?
Usually ~0.75–2% over conventional; many refinance later. Illustrative.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Orange from its Newport Beach office. Nothing here is tax advice.