California Bank Statement Loans: Jumbo & High Balance Options for the Self Employed

Bank statement loans in California are built for entrepreneurs, 1099 earners, realtors, freelancers, and small‑business owners whose tax returns don’t reflect true cash flow. Instead of W‑2s and full tax returns, lenders analyze 12–24 months of bank statements (business and/or personal) to document income—no tax returns required.

If you’re buying in Los Angeles, Orange County, San Diego, the Bay Area, Sacramento, or any high‑cost market, California jumbo bank statement loans and high‑balance bank statement mortgages can open doors that traditional underwriting sometimes can’t.

What is a California Bank Statement Loan?

A California bank statement mortgage (a Non‑QM loan) determines qualifying income from depositsshown on your bank statements—often applying a reasonable expense factor to business accounts (sometimes supported by a CPA letter).

• Properties: Primary residences, second homes, and investment properties (varies by lender).
• Common use cases: Purchase, rate/term refinance, and cash‑out refinance.

About the Author

Darrin J. Seppinni is President of HomeLife Mortgage and a published author with more than forty years in the mortgage industry. He specializes in non-traditional programs—including Bank Statement Loans, DSCR Loans, and No-Doc Loan solutions—that serve self-employed borrowers and real-estate investors.

Contact
Email: darrin@homelifemtg.com | Phone: 949-681-7280