Bank statement loans are a smart and flexible way for self-employed professionals, freelancers, and business owners in California to qualify for a mortgage. Instead of using tax returns or W2s, this program reviews 12 to 24 months of bank deposits to calculate your income for a home purchase or refinance. If your tax returns do not reflect your real earning power, this option gives you a realistic path to qualify. At Karbon Financial, we help self-employed clients across Southern California move forward with clarity and confidence.
With more than 20 years of mortgage experience and over 350 five-star reviews across Google, Zillow, Yelp, and LendingTree, Karbon Financial is one of California’s most trusted mortgage brokers for self-employed borrowers. You get smart guidance, competitive rates, and fast approvals from a team that understands how business owners actually earn money.
We serve self-employed homebuyers and homeowners throughout Southern California, including Los Angeles County, Orange County, Riverside County, San Diego County, and San Bernardino County. Whether you live in Huntington Beach, Long Beach, Irvine, Anaheim, or anywhere else in California, we can help you qualify quickly and painlessly with a bank statement loan.
What Is a Bank Statement Loan?
A bank statement loan lets you qualify for a mortgage using your personal or business bank statements instead of tax returns. It is designed for self employed Californians, business owners, freelancers, and 1099 earners whose tax returns do not show their true income. By reviewing 12 to 24 months of deposits, lenders calculate your qualifying income in a simple and realistic way, giving you a more accurate path to approval for a home purchase or refinance.
Key benefits of a bank statement loan
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Qualify without using tax returns
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Use personal or business bank statements
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Show your true income based on 12 to 24 months of deposits
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Often qualify for higher loan amounts than traditional programs
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Finance a primary home, second home, or investment property in California
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Get more flexible options if you are a business owner, freelancer, or 1099 earner
You’re Closer to Qualifying Than You Think
Tell us a little about your income, and we will show you exactly what you can qualify for with a bank statement loan. No pressure and no hard credit check.
Karbon Financial is trusted by hundreds of clients across California, earning over 350 five-star reviews on Google, Zillow, Yelp, and LendingTree. Self-employed buyers and homeowners choose us for our clear communication, competitive rates, and a process that is simple and stress-free from start to finish.
Bank Statement Loan Requirements
A bank statement loan has flexible guidelines designed to help self-employed Californians qualify using their actual bank deposits instead of tax returns. Requirements vary by lender, but most programs follow similar rules.
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12 to 24 months of personal or business bank statements
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Recent and consistent deposit history
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10 percent to 20 percent down payment, depending on credit and reserves
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Credit scores as low as 600, although higher scores help
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Strong recent cash flow that supports the new monthly payment
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Available for primary homes, second homes, and investment properties
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Loan amounts up to 5 million dollars
If you are self employed and your tax returns do not show your true income, a bank statement loan can be a simple and realistic way to qualify for a home purchase or refinance in California.
Bank Statement Loan FAQs
What is a bank statement loan?
A bank statement loan allows you to qualify for a mortgage using personal or business bank statements instead of tax returns. Lenders review 12 to 24 months of deposits to calculate your true income, which helps self-employed buyers and homeowners who write off expenses or have fluctuating earnings.
Who is a bank statement loan best for?
This program is ideal for self employed Californians, business owners, freelancers, and 1099 earners whose tax returns do not reflect their real income. It works for both homebuyers and homeowners looking to refinance.
How do lenders calculate income on a bank statement loan?
Lenders total your deposits over 12 to 24 months and apply an expense factor based on your business type. This creates a realistic monthly income number that reflects your actual cash flow, not your taxable income.
Do I need personal or business statements?
You can use either. Many borrowers qualify with business statements, while others use personal statements if the deposits reflect their true income. We will help you choose the option that works best.
Can I use a bank statement loan to refinance my home?
Yes. Bank statement loans can be used for rate and term refinances, cash-out refinances, and debt consolidation. If your tax returns do not show enough income, this program may be a better fit.
What credit score is needed for a bank statement loan?
Most programs start around 600, although higher credit scores may give you better terms. Every situation is unique, so we review your full profile before making a recommendation.
How much down payment is required?
Most bank statement loans require between 10 and 20 percent down depending on credit, reserves, and your overall profile. Stronger files may qualify for lower down payment options.
Are bank statement loans available throughout California?
Yes. We offer these programs across Southern California and throughout the state, including Los Angeles County, Orange County, Riverside County, San Diego County, and San Bernardino County.
