Bottom Line Up Front
For self-employed borrowers whose tax returns don't reflect actual earning capacity. Uses 12-24 months of personal or business bank deposits as income documentation.
Overview
For self-employed borrowers whose tax returns don't reflect actual earning capacity. Uses 12-24 months of personal or business bank deposits as income documentation.
Who Qualifies?
Self-employed 2+ years. 12-24 months statements. 660+ credit. 10-20% down.
Key Benefits
- ✓No tax returns
- ✓Actual cash flow qualification
- ✓Personal or business statements
- ✓Various property types
✅ Pros
- Overcomes tax-return limitations
- Multiple statement options
- Purchase and refinance
⚠️ Considerations
- Higher rates
- Larger down payment
- 2-year self-employment required
California-Specific Information
California leads the nation in self-employment — from Silicon Valley founders to LA entertainment pros.
Rates & Pricing
0.75-2.0% above conventional. Better credit/down payment improves pricing.
Why Choose Save Financial for Bank Statement Loans?
Save Financial is a trusted California mortgage broker (NMLS #377740) with 45 years of combined experience and relationships with 20+ wholesale lenders. We specialize in finding the best bank statement loans rates and terms for California borrowers. Our $500 price guarantee means if we can't beat another lender's offer, you get $500. We serve 60+ California cities from our offices in Newport Beach and Marina del Rey, and our team speaks English and Spanish.
Call (888) 703-1840 or get a free quote online — open 7 days a week, 9AM–8PM.
$500 Cash Loan Price Match Guarantee
Get a written offer from any lender. If Save Financial cannot beat it for the same product, we pay you $500 cash.
NMLS #377740 · DRE #01875766 · Call (888) 703-1840
Reviewed By
Mike Baasti, Licensed Mortgage Broker
Founder of Save Financial, Inc. (NMLS #377740) in Newport Beach, CA. 20+ years in residential and investment lending across conventional, FHA, VA, jumbo, hard money, bank statement, and specialty mortgage programs.