Located along California’s scenic Central Coast, Oxnard blends agriculture, coastal living, and commerce. With self-employed professionals thriving in industries like farming, construction, hospitality, and retail, traditional mortgage options often fall short—especially when tax write-offs lower their reportable income. That’s where Oxnard Bank Statement Loans step in—helping independent borrowers qualify using personal or business bank deposits instead of W-2s or tax returns.
At Independent Home Finance Inc., we provide mortgage options tailored for Oxnard’s hardworking business owners, gig workers, and freelancers. Whether you’re buying in RiverPark, refinancing in South Bank, or investing near Oxnard Shores, we’re here to help you finance your home with confidence.
What Are Oxnard Bank Statement Loans?
Bank Statement Loans allow borrowers to qualify based on 12 months of bank deposits instead of traditional income documentation. These loans are ideal for self-employed individuals who may have lower taxable income due to deductions but maintain consistent cash flow.
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 Oxnard Bank Statement Loans?
Borrowers must be self-employed for at least 2 years, or 20–24 months with relevant experience. A steady 12-month deposit history is required.
Common borrower profiles in Oxnard include:
- Agricultural producers and farm contractors
- Hospitality workers and small business owners
- Contractors, tradespeople, and designers
- Freelancers and rideshare drivers
- Real estate professionals and property managers
A 620+ credit score is recommended. Borrowers must also be two years past any major credit events.
How the Oxnard Bank Statement Loans Process Works
- Submit 12 Months of Bank Statements
- Personal accounts: 100% of deposits count as income.
- Business accounts: 50–65% of deposits are used based on expenses.
- Underwriting: A CPA letter may be required but is often waived.
- Loan Use: Purchase, refinance, or tap into equity with a cash-out loan.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Oxnard Bank Statement Loans?
Whether you're purchasing a townhome near The Collection at RiverPark, refinancing in Oxnard Shores, or investing in El Rio, our experienced team can help you secure flexible financing that reflects your true income. At Independent Home Finance Inc., we understand the needs of self-employed borrowers and work hard to get you approved quickly and with transparency.
Call (888) 315-7784 or Apply Online Now to start your journey with an Oxnard Bank Statement Loan today.
How much do you qualify for?
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