Home Financing for Sacramento’s Self-Employed Professionals
Sacramento’s real estate market continues to grow as more professionals, entrepreneurs, and small business owners seek homeownership in California’s capital. However, self-employed individuals often face challenges when applying for traditional mortgages due to tax write-offs that lower their reported income. Sacramento Bank Statement Loans provide an alternative financing option, 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 Sacramento residents secure home financing that matches their financial situation. Whether you’re buying a home in East Sacramento, investing in real estate in Midtown, or refinancing your existing loan, Sacramento Bank Statement Loans offer a flexible solution.
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 Sacramento’s growing economy and rising home values, Sacramento Bank Statement Loans provide self-employed individuals with access to homeownership without the traditional hurdles.
What Are Sacramento Bank Statement Loans?
A Bank Statement Loan is designed for self-employed borrowers who do not have traditional W-2 income documentation. Instead of relying on tax returns, lenders assess income based on 12 months of personal or business bank statements. This loan program is particularly beneficial in Sacramento, where small business owners, independent professionals, and entrepreneurs often have significant income that isn’t accurately reflected on tax returns.
Who Qualifies for Sacramento 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 consistent income.
Eligible candidates include:
- Entrepreneurs and small business owners in professional services, retail, and real estate.
- Independent contractors, freelancers, and self-employed consultants.
- Real estate agents 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 Sacramento 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 a strong deposit history can 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 Sacramento Bank Statement Loans?
Sacramento’s real estate market requires mortgage solutions that cater to self-employed borrowers. Independent Home Finance Inc. offers fast approvals, expert guidance, and flexible financing options designed for entrepreneurs, freelancers, and business owners.
Looking for financing in Sacramento? Call (888) 315-7784 or Apply Online Now to get started today.
How much do you qualify for?
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