Home Financing for San Diego’s Self-Employed Professionals
San Diego’s thriving economy, driven by biotech, tourism, and military industries, is home to a growing number of entrepreneurs, freelancers, and small business owners. However, self-employed professionals often find it difficult to qualify for traditional home loans due to tax deductions that lower their reported income. San Diego Bank Statement Loans offer an alternative mortgage solution, allowing borrowers to qualify using personal or business bank deposits rather than W-2s or tax returns.
At Independent Home Finance Inc., we specialize in helping self-employed San Diego residents secure financing that aligns with their financial realities. Whether you’re buying a beachfront property in La Jolla, a condo in the Gaslamp Quarter, or refinancing your existing mortgage, San Diego Bank Statement Loans offer the flexibility you need.
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.
San Diego’s competitive real estate market requires financing solutions that cater to self-employed buyers. San Diego Bank Statement Loans provide the flexibility needed to secure homeownership.
What Are San Diego Bank Statement Loans?
A Bank Statement Loan is a mortgage program designed for self-employed individuals who lack traditional W-2 income documentation. Instead of relying on tax returns, lenders verify income through 12 months of personal or business bank statements, making this an excellent option for independent professionals with fluctuating income streams.
Who Qualifies for San Diego Bank Statement Loans?
This program is tailored for self-employed individuals with at least two years in business. Those with 20+ months of experience and strong financials may also qualify. Borrowers must submit 12 months of bank statements to demonstrate income stability.
Eligible candidates include:
- Entrepreneurs and business owners in biotech, tourism, and service industries.
- Real estate agents, consultants, and commission-based sales professionals.
- Independent contractors, freelancers, and gig workers.
- Retirees with non-traditional income sources.
- Borrowers with high tax deductions that lower taxable income on paper.
For the best loan terms, a credit score of 620+ is recommended. Applicants should also be two years removed from major credit events such as bankruptcy or foreclosure.
Common Bank Statement Loan Questions:
How the San Diego Bank Statement Loans Process Works
- Income Verification: Provide 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 deposits may waive this requirement.
- Funding: Once approved, use the funds for home purchases, refinancing, or cash-out loans.
Why Choose Independent Home Finance Inc. for San Diego Bank Statement Loans?
San Diego’s real estate market requires a mortgage lender that understands the challenges self-employed borrowers face. Independent Home Finance Inc. offers quick approvals, expert guidance, and flexible financing solutions tailored to entrepreneurs, freelancers, and business owners.
Looking for financing in San Diego? Call (888) 315-7784 or Apply Online Now to get started today.
Other San Diego Options:
What our clients are saying
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Mr. Kyle was responsive to my requirements and concerns with cooperation and friendliness that I appreciated. It was a pleasure doing business with him and his organization.
Tyrone Ware
Tim is an excellent resource on all things home finance and extremely gracious with his time and assistance with advice on how to improve one's credit profle and scores.
James Lawrence
Very helpful and so easy to talk to, highly recommend. He actually cares!
Paul Carpenter
Tim provided us with amazing service, we are 100% satisfied and highly recommend
Richard Foden
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After speaking with Tim, I learned that while he doesn’t currently service my state, he generously shared a wealth of information and directed me to a company that can meet... read more
dorshalee
Tim worked quickly and did a great job getting our loan approved and through underwriting.
Ralph Trigg
Tim is super helpful and very resourceful. He is very professional and knowledgeable.
Lina Mikhal
Tim is the best! If he can't fund your project, no one can, very, very knowledgeable too!!!
Keith Ayers
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If you think you can’t get a mortgage or a refi with cash out, think again. I was impossible, and it got done with no hiccups. Highly recommend!
Daniel
Extremely knowledgeable and willing to go extra mile. Highly recommend. Tim is a true professional in his field.
Noah Nazzaro
Tim Kyle was extremely well informed and tremendously helpful. He anticipated my needs, provided well thought out feedback, and gave me answers to questions I didn't even know to ask.... read more
Jay Daughtry
Tim Kyle responded promptly and offered a few options for our situation. He was friendly and knowledgeable. Highly recommend Tim.
Allen Evans
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Tim Kyle is extremely knowledgeable and is able to share that knowledge with you in a way that is easy to understand. I never felt like I was asking “dumb... read more
Kathleen Gair Levin
Tim was amazing! He made what seemed impossible, possible! He sure has talent and is very knowledgeable! Will be referring more clients to him in the future!! Thanks again, Tim!
Marianna Gutierrez
I recently worked with Independent Home Finance Inc. to get a second mortgage, and I was extremely impressed. They took the time to understand my needs and walked me through... read more
Nick Castellano
Tim is amazing to work with!! My family and I have been working with him for years and he always gets the best rates and deals. His attention to detail... read more
Bryan Centrone
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Tim Kyle has been my go to home finance specialist for the past 4 years. He is very detail oriented with expertise across multiple related areas. He provides... read more
Joyce Veasley
They did a great job getting our loan. Everything went smoothly. Thanks Again Ian and Tim, you guys are the best. Will Definitely refer anyone we know who needs your... read more
william schulke
To anyone seeking guidance and exceptional customer service with loans and refinancing, my wife and I highly recommend you contact Independent Home Finance, Inc, I've worked with Tim on several... read more
Michael Berry
Tim was amazing in helping me get my loan done. I got denied from four other companies, who all said they couldn’t do it - but Tim figured out a... read more
Gary Patterson
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