Alternative Home Financing for Fresno’s Self-Employed Homebuyers
Fresno’s growing economy, agricultural industry, and expanding small business sector make it a great place for entrepreneurs and self-employed professionals to thrive. However, many self-employed individuals struggle to qualify for traditional mortgages due to tax deductions that lower their taxable income. Fresno Bank Statement Loans provide a flexible financing solution, allowing borrowers to qualify using personal or business bank deposits instead of W-2s or tax returns.
At Independent Home Finance Inc., we specialize in helping self-employed Fresno residents secure mortgage financing that fits their needs. Whether you’re buying a home in Clovis, refinancing a property in Tower District, or investing in real estate, Fresno Bank Statement Loans provide the financial flexibility required to achieve homeownership.
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 rising property values and a competitive housing market, Fresno Bank Statement Loans allow self-employed individuals to secure homeownership without traditional income verification hurdles.
What Are Fresno Bank Statement Loans?
A Bank Statement Loan is a mortgage program designed for self-employed borrowers who lack traditional W-2 income documentation. Instead of relying on tax returns, lenders evaluate income based on 12 months of personal or business bank statements. This is especially valuable in Fresno, where many professionals operate small businesses or work independently in agriculture, construction, and consulting.
Who Qualifies for Fresno Bank Statement Loans?
This program is designed for self-employed individuals who have been in business for at least two years. Those with 20+ months of experience and a strong financial record may also qualify. Borrowers must provide 12 months of bank statements to demonstrate stable income.
Eligible candidates include:
- Entrepreneurs and small business owners in agriculture, construction, and professional services.
- Independent contractors, freelancers, and gig economy workers.
- Real estate agents, consultants, and commission-based sales professionals.
- Retirees with alternative income sources.
- Borrowers with significant tax deductions that reduce taxable income.
For the best loan terms, a credit score of 620+ is recommended. Borrowers should also be two years removed from major credit events such as foreclosure or bankruptcy.
Common Bank Statement Loan Questions:
How the Fresno Bank Statement Loans Process Works
- Income Verification: Submit 12 months of personal or business bank statements.
- Personal bank statements: 100% of deposits count toward income qualification.
- Business bank statements: 50-65% of deposits are considered, depending on expenses.
- Approval & Underwriting: A CPA letter may be required, but steady deposit history may waive this requirement.
- Funding: Once approved, funds can be used for home purchases, refinancing, or cash-out loans.
Why Choose Independent Home Finance Inc. for Fresno Bank Statement Loans?
Fresno’s real estate market requires mortgage solutions that accommodate self-employed borrowers. Independent Home Finance Inc. offers quick approvals, expert guidance, and flexible financing options designed for entrepreneurs, freelancers, and business owners.
Looking for financing in Fresno? Call (888) 315-7784 or Apply Online Now to get started today.
How much do you qualify for?
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