Bank Statement Loans in Sacramento: Mortgage Solutions for the Self-Employed
Self-employed, freelancer, or small business owner? Your tax returns often don’t reflect your actual earnings due to legitimate business deductions. Bank statement loans allow you to qualify using your actual bank deposits instead of traditional tax documentation.
How Bank Statement Loans Work
Bank statement loans use 12 or 24 months of consecutive bank statements — either personal or business accounts — to calculate your qualifying income. Instead of relying on tax returns that may understate your true earnings, lenders analyze your actual deposits to determine income. These are classified as non-QM (Non-Qualified Mortgage) products, meaning they fall outside the standard qualified mortgage guidelines but are fully legal and widely available through wholesale lenders.
🏘️ Who Is This Loan For?
- Self-employed business owners with significant tax deductions
- Freelancers and independent consultants with variable income
- Gig economy workers (rideshare drivers, delivery, contract work)
- Commission-based professionals (real estate agents, sales professionals)
- Small business owners whose tax returns understate actual cash flow
- Self-employed individuals with 1–2+ years of business history
✅ Key Features & Benefits
- No tax returns required for qualification
- 12-month or 24-month bank statement options
- Personal or business bank statements accepted
- Available for purchase and refinance transactions
- Primary residence, second home, and investment property eligible
- Jumbo loan amounts available on select programs
- Fixed-rate and adjustable-rate mortgage options
📝 Typical Requirements
- 12 to 24 consecutive months of bank statements
- Self-employment documented for at least 1–2 years (business license, CPA letter, or similar)
- Credit scores typically in the mid-range or higher (varies by lender)
- Higher down payment compared to conventional — typically 10% to 20%
- Cash reserves required (varies by loan amount and program)
- Debt-to-income ratio calculated from bank statement income
Why Work with MAC Real Estate Services
Bank statement loan programs vary widely between lenders — from how they calculate income (gross deposits vs. net after expenses) to credit score requirements and available loan amounts. As an independent mortgage brokerage, we have access to multiple wholesale lenders offering bank statement programs and can find the one that maximizes your qualifying income. Our experience working with self-employed borrowers throughout the Sacramento region means we know how to structure your file for the best possible outcome. We also provide bilingual service and hands-on guidance from application to closing.
Get Pre-Qualified with Bank Statements
Self-employed? Let us show you how much you can qualify for using your bank statements.
Phone: 916-516-1116
Email: Contact@RocklinBroker.com
NMLS# 1133016
MAC Real Estate Services | NMLS #1133016 | Licensed by the State of California. Equal Housing Opportunity. Bank statement loans are non-QM products. Rates are typically higher than conventional conforming loans. All loans are subject to credit approval, underwriting guidelines, and property appraisal. This is not a commitment to lend. Contact us for complete details.