Bank Statement Loans for Self-Employed in California
Skip the tax returns! Get approved for a California home loan using bank statement loans designed for self-employed borrowers. Aditya Choksi specializes in NonQM lending for entrepreneurs, business owners, and independent contractors.
Bank Statement Loan Calculator
Perfect for Self-Employed Professionals
Bank statement loans are designed for borrowers whose tax returns don't accurately reflect their true income due to business write-offs and deductions.
Business Owners
Small business owners, franchise owners, and entrepreneurs with variable income
Self-Employed Professionals
Consultants, freelancers, contractors, and independent professionals
Real Estate Professionals
Realtors, property managers, and real estate investors with commission income
1099 Contractors
Independent contractors, Uber/Lyft drivers, gig economy workers
High-Income Earners
Professionals with complex tax situations or significant write-offs
Cash-Heavy Businesses
Restaurant owners, retail businesses, service providers with cash flow
Bank Statement Loan Advantages
Why bank statement loans are the preferred choice for self-employed borrowers in California.
No Tax Returns Required
Qualify using 12-24 months of personal or business bank statements instead of tax returns.
Higher Approval Rates
More flexible underwriting for self-employed borrowers who show strong cash flow.
Faster Processing
Streamlined documentation process gets you to closing faster than traditional loans.
Competitive Rates
Interest rates are typically only 0.5-1% higher than conventional loans.
Various Property Types
Purchase primary residences, second homes, and investment properties.
Flexible Down Payments
Down payments as low as 10% for primary residences, 15-25% for investment properties.
Bank Statement vs. Traditional Loans
| Feature | Bank Statement Loans | Traditional Loans |
|---|---|---|
| Income Documentation | ✓ Bank Statements Only | ✗ Tax Returns Required |
| Self-Employed Friendly | ✓ Designed for Business Owners | ✗ Difficult for Self-Employed |
| Approval Speed | ✓ Faster Process | ✗ Slower Documentation |
| Down Payment | ✓ 10% Minimum | ✓ 3-5% Minimum |
Bank Statement Loan Programs
Choose the bank statement loan program that best fits your financial situation.
Personal Bank Statements
Use personal bank account statements to qualify
Learn MoreBusiness Bank Statements
Use business account statements for qualification
Learn MoreBlended Statements
Combine personal and business statements
Learn MoreBank Statement Loan Requirements
Bank statement loans have specific requirements designed to verify income through bank deposits rather than tax returns.
Bank Statement Tips
Ensure your bank statements show consistent or increasing deposits over time. Large one-time deposits may require explanation or documentation.
Income Calculation Method
12-Month Statements
Average monthly deposits × 12 months = Annual income
24-Month Statements
May provide better income average for seasonal businesses
Business Expenses
Lenders may deduct a percentage for business expenses
Bank Statement Loan Process
Our streamlined process gets self-employed borrowers approved faster than traditional lending.
Day 1-2
Application & Bank Statements
Submit application and 12-24 months of bank statements
Day 3-5
Income Analysis
We analyze deposits and calculate qualifying income
Day 5-10
Underwriting
Specialized NonQM underwriting review and approval
Day 10-21
Closing
Close on your new home faster than traditional loans
Frequently Asked Questions
Get answers to common questions about bank statement loans and the application process.
Educational Disclaimer
Information on this page is for educational purposes only and is not an offer of credit. Bank statement loans use alternative income verification methods for self-employed borrowers. Actual loan approval, terms, interest rates, and documentation requirements depend on your bank statement deposits, credit profile, business structure, and overall financial stability. Programs, rates, and guidelines are subject to change without notice. For personalized advice and current bank statement loan rates, consult with a licensed California mortgage professional specializing in self-employed financing.
Ready to Skip the Tax Returns?
Join many self-employed borrowers who've gotten approved with bank statement loans. Get pre-approved in days, not weeks.
Related Content
Bank Statement Loans for Self-Employed Borrowers
Get approved based on your actual bank deposits, not tax returns.
Self-Employed Mortgage Planning Guide
Strategic guidance for self-employed professionals seeking mortgage approval.
Non-QM Loans
Alternative lending solutions when traditional mortgage programs don't fit.
Licensing & Regulatory Information
Company: 21st Century Lending, Inc. | NMLS Company ID: 241835
Licensed Loan Originator: Aditya Choksi | NMLS ID: 2055084 | DRE License: 02154132
Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Also licensed in Arizona, Colorado, Georgia, New Mexico, and Washington.
This is not a commitment to lend. Loan approval subject to credit approval and property appraisal. All loans subject to underwriting approval. Rates, terms, and programs subject to change without notice. Not all applicants will qualify. Not all products and services are available in all states.