Bank Statement Mortgage in California
★ ★ ★ ★ ★
- Qualifying income based on eligible bank deposits
- Good for Self-Employed
- Alternative To Tax Returns
- Purchase Or Refinance Options
- Office Located In Los Angeles
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
Bank Statement Mortgage in California
★ ★ ★ ★ ★
- Qualifying income based on eligible bank deposits
- Good for Self-Employed
- Alternative To Tax Returns
- Purchase Or Refinance Options
- Office Located in Los Angeles
Irina Dyakun, CEO
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
What Is a Bank Statement Mortgage?
A bank statement mortgage uses eligible deposits from personal or business bank statements to help calculate qualifying income. If you’re looking for a stated income mortgage in California, this may be an option when tax returns don’t reflect your current cash flow. The lender reviews the documentation and applies its program guidelines.
How Lenders Review Bank Statements
Lenders review deposits to determine what qualifies as income under their guidelines. They may ask about transfers, irregular deposits, or business expenses. Credit, down payment, and the property also factor into the review.
Get A Fast Bank Statement Review
If you are self-employed and you want a direct answer, do this:
1. Tell us whether you’re buying or refinancing.
2. Share the property type and how you earn your income.
3. We’ll explain which documents to prepare.
A review can help you understand which bank statement mortgage options may fit and what the lender would need to assess your scenario.
Who This Is For
This page is built for borrowers who already understand the basics and want a clean path to approval.
This is often a strong fit for:
Business Owners, Deductions
Freelancers, Uneven Deposits
Multiple Income Streams
Investors, No Tax Returns
If you qualify using a standard program, that can still be the lowest-cost route. See conventional loans in California for a baseline comparison.
Have Questions? Reach us out.
In-Person at LA Office
16200 Ventura Blvd, Unit 324 Encino, CA 91436
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
Bank Statement Vs No Document Loans
Bank Statements
A bank statement mortgage qualifies you using documented deposits. It is still documentation. It is just different documentation from tax returns.
No Document Loans
A “no doc” program is a broader bucket. It can include other qualifying methods, depending on the scenario and eligibility rules. If you want to compare options, start with compare alternative-documentation options and then decide which path fits your profile best.
Program Options You May See
The option that fits depends on how your deposits look and how you receive income. Common variables:
12-Month vs 24-Month Review
24 months can help if income is uneven. 12 months can work if deposits are strong and stable.
Personal vs Business Statements
Business statements can be useful for business owners with clear revenue flow.
Expense Factor Treatment
Lenders may apply a standard percentage to estimate expenses depending on the program.
Bank Statement Mortgage FAQs
How many months of bank statements do I need for a mortgage in California?
Most programs look at 12 to 24 months. The best fit depends on how consistent your deposits are.
Can I use business bank statements instead of personal ones?
Often yes. Business statements can work well when your business deposits are steady and easy to track.
Is a bank statement mortgage considered a Non-QM loan?
Many are. Non-QM is a category for loans that qualify borrowers using alternative documentation, not a lower-quality loan type.
Can I use a bank statement loan to buy an investment property?
Sometimes. Eligibility depends on your full profile and the lender’s rules for investment occupancy.
Is a bank statement mortgage the same as a stated income mortgage?
In modern usage, many people mean the same thing. Today, the income is usually supported by bank statements, not simply stated without review.
What credit score and down payment are usually needed?
It varies by program and risk level. Strong credit and more money down can improve approval odds and pricing.
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