Clovis, just northeast of Fresno, is one of Central California’s most desirable cities for families, small business owners, and independent professionals. With neighborhoods like Harlan Ranch, Loma Vista, Quail Lake, and Old Town Clovis, it offers charm, convenience, and a strong real estate market. But for self-employed buyers, qualifying for a traditional loan can be challenging. Clovis Bank Statement Loans allow borrowers to use their personal or business bank deposits instead of tax returns or W-2s to secure financing.
At Independent Home Finance Inc., we offer flexible lending options tailored to the way Clovis’s self-employed community actually earns.
What Are Clovis Bank Statement Loans?
Bank Statement Loans allow borrowers to qualify based on 12 months of consistent deposits—rather than standard income documentation like W-2s or tax returns. They’re perfect for business owners, freelancers, and independent contractors.
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.
Who Qualifies for Clovis Bank Statement Loans?
Borrowers should be self-employed for 2+ years, or 20–24 months in business with industry experience. A steady 12-month deposit history is required.
Ideal borrower profiles in Clovis include:
- Contractors, service providers, and tradespeople
- Small business and retail owners
- Creative freelancers and digital consultants
- Real estate agents and investors
- Retirees with alternative income sources
A credit score of 620 or higher is preferred. Borrowers should be two years removed from foreclosure, bankruptcy, or loan modifications.
How the Clovis Bank Statement Loans Process Works
- Submit 12 Months of Bank Statements:
- Personal accounts: 100% of deposits used as income.
- Business accounts: 50–65% of deposits used based on expense structure.
- Underwriting: CPA letters may be required but are often waived.
- Loan Use: Apply funds to a home purchase, refinance, or cash-out scenario.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Clovis Bank Statement Loans?
Whether you’re purchasing a home in Loma Vista, refinancing in Harlan Ranch, or investing near Old Town Clovis, we provide personalized service, quick approvals, and loan options built around real cash flow. At Independent Home Finance Inc., we make self-employed lending simple.
Call (888) 315-7784 or Apply Online Now to get started with a Clovis Bank Statement Loan.
How much do you qualify for?
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