Roseville, located just outside of Sacramento, is a fast-growing hub for professionals, small business owners, and remote workers. From the scenic trails of West Roseville and custom homes in East Roseville Parkway to bustling communities like Highland Reserve and Diamond Oaks, real estate demand remains strong. Yet self-employed residents often face difficulties securing traditional home loans due to tax deductions that reduce their reported income. Roseville Bank Statement Loans offer a better way to qualify—using bank deposits instead of W-2s or tax returns.
At Independent Home Finance Inc., we specialize in helping Roseville’s independent professionals and entrepreneurs access financing that aligns with how they actually earn.
What Are Roseville Bank Statement Loans?
These loans allow self-employed borrowers to qualify based on 12 months of personal or business bank statements rather than tax returns. They’re ideal for people with solid cash flow but low taxable income due to business expenses and deductions.
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 Roseville Bank Statement Loans?
Borrowers should be self-employed for at least two years, or have 20–24 months in business with prior experience. A consistent 12-month deposit history is required.
Common borrower types in Roseville include:
- Realtors and mortgage professionals
- Contractors and home service providers
- Tech consultants and remote freelancers
- Boutique business and retail owners
- Gig workers and delivery professionals
A 620+ credit score is typically needed. Applicants must also be at least two years clear of major credit events such as bankruptcy or foreclosure.
How the Roseville Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business bank statements.
- Personal: 100% of deposits are considered income.
- Business: 50–65% of deposits are used depending on expenses.
- Underwriting Review: A CPA letter may be requested but is often waived.
- Loan Funding: Approved borrowers can use funds for purchase, refinance, or cash-out purposes.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Roseville Bank Statement Loans?
From the peaceful neighborhoods of Morgan Creek to the shopping and dining near The Fountains, Roseville is ideal for self-employed buyers. At Independent Home Finance Inc., we’re here to help with fast approvals, flexible loan options, and expert guidance tailored to your financial situation.
Call (888) 315-7784 or Apply Online Now to learn more about Roseville Bank Statement Loans.
How much do you qualify for?
For Regular Information Follow Us On Social Media!
