Glendale’s mix of luxury neighborhoods, booming business centers, and diverse cultural hubs make it a sought-after area in Los Angeles County. But for the many self-employed professionals in industries like entertainment, design, tech, and healthcare, qualifying for a traditional mortgage can be a challenge due to tax write-offs that reduce reportable income. Glendale Bank Statement Loans offer a better alternative—helping borrowers qualify using personal or business bank deposits instead of W-2s or tax returns.
At Independent Home Finance Inc., we understand the unique income structure of freelancers and entrepreneurs in Glendale. Whether you’re buying a hillside home in Adams Hill, refinancing a property in Rossmoyne, or investing near Americana at Brand, we’re here to help you move forward.
What Are Glendale Bank Statement Loans?
These loans are ideal for self-employed borrowers whose tax returns don’t reflect their true income due to business deductions. Instead of traditional documentation, income is verified using 12 months of personal or business bank statements.
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 Glendale Bank Statement Loans?
Borrowers must be self-employed for at least two years, or have 20–24 months in business with prior industry experience. A consistent 12-month deposit history is required.
Ideal Glendale borrower profiles include:
- Content creators, consultants, and creatives
- Tech contractors and startup founders
- Real estate investors and independent agents
- Healthcare professionals in private practice
- Retirees or landlords with alternative income
A credit score of 620 or higher is ideal, and borrowers should be two years removed from major credit events like foreclosure or bankruptcy.
How the Glendale Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business account statements.
- Personal: 100% of deposits count as income.
- Business: 50–65% of deposits are used, depending on expenses.
- Underwriting: CPA letters may be requested but are often waived with solid deposits.
- Funding: Use funds to buy, refinance, or take cash out from your property.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Glendale Bank Statement Loans?
From charming homes in Cumberland Heights to condos near the Glendale Galleria, the city offers real estate value for both lifestyle and investment. At Independent Home Finance Inc., we provide fast approvals and tailored mortgage solutions that align with the real income of self-employed borrowers.
Call (888) 315-7784 or Apply Online Now to learn more about Glendale Bank Statement Loans.
How much do you qualify for?
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