Key takeawayA handful of bank statement programs dip to 600, with 20–25% down minimums and reserve requirements.
What concretely changes at 600
- A handful of bank statement programs dip to 600, with 20–25% down minimums and reserve requirements.
- Pricing sits well above 620-tier pricing; the 20-point gap to 620 is one of the highest-ROI score moves in non-QM.
- 12 vs. 24 months of statements matters more here: longer history can offset score with some lenders.
- Investor cash-flow (DSCR) alternatives may price better at 600 for rental purchases.
Requirements at this band
| Program availability | Limited; most start at 620 |
|---|---|
| Down payment | 20–25%+ typical at 600 |
| Reserves | Often 9–12 months |
| Statements | 12–24 months; longer helps |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
Smart moves at 600
- Get a written quote at 600 AND a hypothetical at 620, the difference usually justifies the wait.
- For rentals, compare DSCR pricing at 600 before committing to bank statement.
- Avoid new business debt during the process; DTI is tight at this band.
FAQ
Which bank statement lenders go to 600?
A subset of non-QM wholesalers; availability shifts. A broker with wide non-QM access matters more than any single lender name.
Does 24 months of statements help at 600?
Yes, longer clean history is a compensating factor several lenders explicitly credit.
Can I buy an investment property at 600?
DSCR loans at 600 exist with larger down payments; compare against bank statement pricing for your scenario.