Chula Vista, one of the fastest-growing cities in San Diego County, offers a mix of coastal living, suburban comfort, and economic opportunity. With areas like Eastlake, Otay Ranch, Rancho Del Rey, and Chula Vista Hills drawing in families and investors alike, the demand for housing remains strong. But for self-employed individuals, securing a mortgage the traditional way can be challenging due to tax deductions that lower reportable income. Chula Vista Bank Statement Loans offer a smarter alternative—allowing you to qualify based on your actual bank deposits.
At Independent Home Finance Inc., we specialize in helping Chula Vista’s entrepreneurs, consultants, and freelancers get approved for home loans without the roadblocks of W-2s or tax returns. Whether you're buying a new-build in Otay Ranch or refinancing an investment near the bayfront, our Chula Vista Bank Statement Loans are tailored to your needs.
Key Benefits of a Bank Statement Loan
No Tax Returns Required
You don’t need W-2s or tax returns to qualify.
Higher
Loan Limits
Borrow more than with traditional mortgage options.
Flexible Income Verification
Approval is based on bank statements, not reported income.
Multiple Property Types Allowed
Finance primary homes, second homes, or investments.
With a Bank Statement Loan, self-employed borrowers can qualify using their actual cash flow, making homeownership more accessible.
What Are Chula Vista Bank Statement Loans?
These loans are built for self-employed professionals who earn steady income but use tax write-offs that reduce their reportable earnings. Instead of relying on traditional tax documents, we use 12 months of personal or business bank statements to verify income.
This program is ideal for Chula Vista’s growing community of independent contractors, small business owners, and remote professionals.
Who Qualifies for Chula Vista Bank Statement Loans?
Borrowers must be self-employed for at least two years, though those with 20–24 months in business may qualify with prior experience. A consistent 12-month deposit history is required.
Ideal Chula Vista borrower profiles include:
- Realtors, consultants, and gig workers
- Contractors, designers, and freelancers
- Small business owners in retail, logistics, or services
- Medical professionals with private practices
- Retirees with non-traditional income sources
Applicants with a 620+ credit score may receive more favorable rates. Major credit issues must be at least two years old to qualify.
Common Bank Statement Loan Questions:
How the Chula Vista Bank Statement Loans Process Works
- Submit Statements: Provide 12 months of personal or business bank statements.
- Personal: 100% of deposits count as income.
- Business: 50–65% of deposits are typically used.
- Review & Underwriting: CPA letters may be needed in some cases, but strong deposit consistency can waive this step.
- Loan Use: Funds can be applied to purchases, refinancing, or cash-out scenarios.
Why Choose Independent Home Finance Inc. for Chula Vista Bank Statement Loans?
We know the local market—from upscale Eastlake communities to coastal neighborhoods along the Chula Vista Bayfront Redevelopment. At Independent Home Finance Inc., we’re committed to helping self-employed buyers secure flexible mortgage solutions quickly and with confidence.
Ready to take the next step? Call (888) 315-7784 or Apply Online Now to explore your Chula Vista mortgage options.
How much do you qualify for?
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