Buying a luxury home in Southern California as a self-employed individual can feel like navigating a maze. The traditional mortgage application process relies on tax returns and W-2s, documents that don’t always reflect your true income when you’re a business owner, entrepreneur, or freelancer.
We have some good news: You can still qualify for a high-end mortgage without a W-2 or paystub that shows your total income. In fact, our bank statement loan program is designed specifically for self-employed borrowers like you, especially those looking to invest in premium properties across Los Angeles, Orange County, San Diego, and the desert luxury markets like Palm Springs and La Quinta. When you’re ready to buy a home as a self-employed borrower, you’ll want a mortgage team that knows exactly what you need.
What Is a Bank Statement Loan?
Bank statement loans are a flexible, non-traditional mortgage option that allows you to qualify using your actual bank deposits instead of tax returns. We analyze 12 to 24 months of your business or personal bank statements to determine your income and ability to repay rather than reviewing your tax returns, W-2, or pay stubs.
Why It’s Ideal for Self-Employed Luxury Buyers
This type of financing tends to be an ideal fit for our successfully self-employed clients for a few reasons:
- No tax returns required – Great for entrepreneurs who write off expenses.
- Loan amounts beyond FHA and conventional limits – Perfect for Southern California luxury properties.
- Flexible credit guidelines – We evaluate your whole financial picture, not just your credit score and DTI.
- Use business or personal statements – We work with what makes the most sense for you.
If you’ve been told “no” by traditional lenders, or if you’re frustrated by underwriting that doesn’t understand your cash flow, our bank statement loans could be your solution.
What You’ll Need to Qualify
Qualifying for a bank statement loan is simple. You will need:
- 12–24 months of consistent bank statements
- Healthy monthly deposits showing income stability
- Decent credit score (usually 620+)
- Down payment (usually 10–20%) depending on loan size
Keep in mind: Every situation is unique. We offer customized solutions based on your business type, deposit pattern, and property goals, so if you’re concerned about how to qualify just reach out to talk with one of our loan officers. You might be surprised how much we can do to help you reach your goals.
Areas We Serve
We help self-employed buyers across Southern California, including:
- Los Angeles
- Orange County
- San Diego
- Riverside and San Bernardino Counties
- Palm Springs, La Quinta, and the Coachella Valley
If you want to buy a luxury home anywhere in Southern California, we have the team you need ready to help.
Ready to Buy Your Luxury Home?
Don’t let paperwork stand in the way of your dream home and a smart investment. With our bank statement loan program, your success as a business owner becomes your greatest asset, not a hurdle.
Let’s talk about your goals and create a mortgage solution that fits your lifestyle and financial story. Contact us any time to apply for a loan or get started in the process.