Fairfield, located in Solano County between San Francisco and Sacramento, is a growing hub for entrepreneurs, small business owners, and independent professionals. With neighborhoods like Cordelia, Green Valley, Tolenas, and Paradise Valley, the city offers strong real estate value and lifestyle appeal. However, self-employed borrowers often face challenges qualifying for traditional loans. Fairfield Bank Statement Loans provide a better path—using your personal or business bank deposits to determine income eligibility, not W-2s or tax returns.
At Independent Home Finance Inc., we help self-employed Fairfield residents secure mortgage solutions that align with how they actually earn.
What Are Fairfield Bank Statement Loans?
Bank Statement Loans allow borrowers to use 12 months of bank statements instead of tax returns to verify income. This approach is ideal for individuals with strong cash flow who deduct heavily or work on a non-traditional income basis.
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 Fairfield Bank Statement Loans?
Borrowers should be self-employed for at least 2 years, or 20–24 months with industry experience. A 12-month deposit history is required.
Common borrower profiles in Fairfield include:
- Contractors and skilled trades
- Real estate agents and property investors
- Gig economy workers and rideshare drivers
- Small business owners and local consultants
- Retirees with non-W2 income streams
A 620+ credit score is typically required. Applicants should be two years removed from major credit events.
How the Fairfield Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business deposits.
- Personal Accounts: 100% of deposits counted.
- Business Accounts: 50–65% of deposits used, depending on expenses.
- Underwriting: CPA letters may be requested but are often waived.
- Loan Use: Funds can be used for a home purchase, refinance, or cash-out transaction.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Fairfield Bank Statement Loans?
Whether you're purchasing in Cordelia, upgrading in Green Valley, or investing near Downtown Fairfield, our team delivers fast approvals, custom loan options, and support designed for self-employed borrowers. Independent Home Finance Inc. makes it easier to turn deposits into keys.
Call (888) 315-7784 or Apply Online Now to begin your journey with a Fairfield Bank Statement Loan.
How much do you qualify for?
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