Fremont, located in the heart of Silicon Valley’s East Bay, is home to a thriving population of small business owners, tech professionals, and independent contractors. With desirable communities like Mission San Jose, Warm Springs, Ardenwood, and Centerville, Fremont offers high-quality housing and strong investment opportunities. But for self-employed individuals, qualifying for traditional mortgages can be a challenge due to tax deductions that lower reportable income. That’s where Fremont Bank Statement Loans come in—offering a better way to get approved based on your actual bank deposits.
At Independent Home Finance Inc., we specialize in helping Fremont’s self-employed professionals secure mortgage solutions without relying on W-2s or tax returns. Whether you’re buying a home in Mission San Jose or refinancing a property in Irvington, our Fremont Bank Statement Loans provide a practical and flexible path forward.
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 Fremont Bank Statement Loans?
These loans are designed for borrowers who work for themselves or earn non-traditional income. Instead of using W-2s or tax returns, income is verified through 12 months of personal or business bank statements. This program is ideal for tech consultants, small business owners, gig economy workers, and freelancers.
Who Qualifies for Fremont Bank Statement Loans?
Applicants should be self-employed for at least two years, or have 20–24 months in business with prior experience in the field. You must show a steady 12-month deposit history.
Common Fremont borrower profiles include:
- Tech professionals and consultants
- Start-up founders and freelance developers
- Real estate agents and gig workers
- E-commerce entrepreneurs and service providers
- Retirees with non-traditional income
A 620+ credit score is recommended for optimal terms. Applicants should also be at least two years past any major credit issues.
Common Bank Statement Loan Questions:
How the Fremont Bank Statement Loans Process Works
- Submit Statements: Provide 12 months of bank statements.
- Personal accounts: 100% of deposits may count as income.
- Business accounts: 50–65% of deposits are used depending on expenses.
- Underwriting: Some applicants may need a CPA letter, though consistent deposit history can waive the requirement.
- Funding: Loans can be used for home purchases, refinancing, or cash-out scenarios.
Why Choose Independent Home Finance Inc. for Fremont Bank Statement Loans?
From the luxury homes in Mission Hills to the commuter-friendly developments near BART stations, Fremont offers real estate potential for self-employed buyers. Independent Home Finance Inc. understands the local market and provides tailored mortgage solutions designed to help you move forward confidently.
Call (888) 315-7784 or Apply Online Now to learn more about Fremont Bank Statement Loans.
How much do you qualify for?
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