Bank Statement Loans for Self-Employed Californians

Who it's for

• Business owners, contractors and consultants
• Real estate agents, rideshare and gig workers, creatives
• Anyone whose deductions make their tax-return income look smaller than it really is

How it works

1. Share your statements. You provide 12 or 24 months of personal or business bank statements.
2. The lender averages your deposits. For business accounts, an expense factor is applied to estimate your income.
3. That's your qualifying income. No tax returns or W-2s needed for income. I'll compare 12- vs. 24-month options and personal vs. business accounts to see which works best for you.

Typical guidelines

• Statements: 12 or 24 months, personal or business
• Self-employment: usually 2 years; some programs accept less
• Down payment: often 10–20%
• Credit score: around 620–680 minimum, depending on the program
• Reserves: a few months of payments in the bank after closing
• Property types: primary home, second home or investment

Guidelines vary by lender and change often. Contact us for a current rate quote.

Why The Loan Me Company

Self-employed files take judgment, not a checklist. I'll review your statements before anything is submitted, so there are no surprises in underwriting. And because we're also a real estate brokerage, your agent and your loan can live under one roof.

Bank statement loan FAQ

Should I use 12 or 24 months of statements?

It depends on your income trend. Twelve months can help if business has been growing. Twenty-four months can smooth out a lumpy year and sometimes prices better. We'll run both.

Can I use personal and business accounts?

Many lenders accept either, and some accept a combination. Business accounts typically have an expense factor applied.

Will the rate be higher than a conventional loan?

Usually somewhat higher, because these loans fall outside the standard Fannie Mae and Freddie Mac rules. Contact us for a current rate quote.

Can I refinance later?

Yes. Some clients use a bank statement loan now and refinance into a conventional loan once their tax returns support it.

Related loan programs

• 1099 Loans: For contractors and freelancers paid on a 1099

• DSCR Loans: Qualify on the property's rental income

• Jumbo Loans: Financing above the conforming loan limit

The Loan Me Company (Loan Me, Co.) · NMLS #2497863 · CA DRE #02220434 · Conor Cappa, Owner/Broker · NMLS #1450916 · CA DRE #02100091. San Diego, CA · Serving clients throughout California · 925-708-7991 · conor@loanmeco.com. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility. Programs, rates, terms and conditions are subject to change without notice, and not all applicants will qualify. Guidelines shown are typical ranges and vary by lender. Contact us for a current rate quote. Equal Housing Opportunity.