Bank statement loans in Huntington Park
Run your own business and your tax returns show far less than you really bring in? A bank statement loan qualifies you on the deposits landing in your account instead of your net after write-offs. Miguel A. Vazquez, NMLS #401212, sets it up in English or Spanish.
Built for Pacific Boulevard business owners
Huntington Park runs on small business — the shops along Pacific Boulevard, the market stalls, the family trades passed down for years. A lot of those owners write off every dollar they can, so their returns look thin to a bank. A bank statement loan reads the money actually moving through your account, which is the honest picture of what you earn here.
Deposits tell the story
We average 12 to 24 months of business or personal bank statements — no W-2s, no tax returns pulling your income down.
Made for the self-employed
Shop owners, contractors, and independent workers who get paid steadily but can't show it on a 1040.
Shopped across lenders
Not every lender writes bank statement loans, and their terms vary a lot. We compare the ones that do and bring you the strongest fit.
Common questions
Who is a bank statement loan for in Huntington Park?
Self-employed people — the business owners, contractors, and independent workers all over Huntington Park whose tax returns understate their real income because of write-offs. If your deposits are steady but your 1040 looks thin, this is the program to ask about.
How many months of statements do I need to bring?
Usually 12 to 24 months of bank statements — business, personal, or a mix, depending on the lender. We average the qualifying deposits from those months rather than looking at your tax returns.
What down payment should I plan on?
Bank statement loans typically ask for more down than FHA — often around 10% to 20%, depending on the lender and your credit. We'll shop it and give you the real figure for your file before you count on a number.
Are the rates higher than a regular loan?
They can run a bit higher, since fewer lenders offer them. That's the exact reason to compare — I put the bank statement lenders side by side and bring you the best terms available, not one quote.