California Bank Statement Loans for Self-Employed Buyers

Buy a California home by qualifying on your bank deposits — not your tax returns.

If write-offs make your tax return understate what you really earn, a Bank Statement Loan qualifies you on 12–24 months of deposits instead.

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Quick Answer

A California Bank Statement Loan lets self-employed Californians buy a home by qualifying on 12–24 months of bank deposits instead of tax returns, W-2s, or pay stubs — including jumbo loan amounts in higher-cost markets. HomeLife has specialized in these loans since 1990.

Built for California Self-Employed Buyers

Business owners and entrepreneurs

1099 contractors, freelancers, and consultants

Commission earners — real estate, entertainment, sales

Gig and tech-contract professionals

The problem it solved: your deposits are strong, but write-offs shrink your tax return — so a conventional lender says no. This loan qualifies you on the deposits instead.

What It Takes to Qualify

12–24 months of personal or business bank statements

No tax returns, W-2s, or pay stubs for qualifying income

Credit — minimum may start at 640, program dependent; most HomeLife borrowers are 680+

Down payment — as little as 10% down, scenario dependent

Two years of self-employment history

30-year fixed, 40-year fixed, and interest-only options

Competitive Rates and Costs

Competitive bank statement loan rates on strong files
No-point and no-origination-fee options may be available — for purchase, refinance, and cash-out
Know your rate and closing costs upfront — no surprises

Rates depend on the full file. [See how Bank Statement Loan rates work →]

No-point and no-origination-fee options do not eliminate third-party closing costs. Rates and terms vary by program.

For California Buyers Specifically

High-cost markets → jumbo options. In LA, the Bay Area, San Diego, and Orange County, prices often push past conforming limits. HomeLife offers Jumbo Bank Statement Loans from $1M to $5M+. [See Jumbo Bank Statement Loans →]

Refinancing or Pulling Cash Out Instead?

Bank Statement Loans also cover rate-and-term refinance and cash-out (up to 85% LTV, program dependent). [See the full Bank Statement Loans program →]

HomeLife Mortgage | homelifemtg.com | 888-677-2526 | Darrin Seppinni, President