Santa Rosa, nestled in the heart of Sonoma County, is a hub for small business owners, creative professionals, and independent contractors. With high demand for housing in communities like Bennett Valley, Rincon Valley, Fountaingrove, and Historic Railroad Square, it’s a competitive market where financing flexibility matters. For self-employed residents, qualifying for a traditional mortgage can be tough due to tax write-offs. Santa Rosa Bank Statement Loans provide a smart alternative—using your actual bank deposits to verify income instead of relying on W-2s or tax returns.
At Independent Home Finance Inc., we help Santa Rosa’s self-employed workforce get approved for mortgage solutions that reflect real-world income—not just what's on paper.
What Are Santa Rosa Bank Statement Loans?
Bank Statement Loans allow borrowers to use 12 months of bank deposits—either personal or business—to qualify for home financing. These are ideal for those whose taxable income is reduced by legitimate business 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 Santa Rosa Bank Statement Loans?
Borrowers must be self-employed for at least 2 years, or have 20–24 months in business with a proven industry background. A 12-month deposit history is required.
Common borrower types in Santa Rosa include:
- Consultants and freelancers
- Winemakers, vendors, and agricultural producers
- Contractors and real estate investors
- Creative professionals and wellness entrepreneurs
- Retirees with rental or alternative income
A credit score of 620+ is typically required. Applicants should also be two years past any major credit issues.
How the Santa Rosa Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business bank statements.
- Personal: 100% of deposits considered.
- Business: 50–65% of deposits may count, depending on expenses.
- Underwriting: A CPA letter may be required but can be waived in some cases.
- Loan Use: Use funds for a home purchase, refinance, or cash-out transaction.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Santa Rosa Bank Statement Loans?
Whether you're buying in Bennett Valley, investing near Historic Railroad Square, or upgrading in Fountaingrove, we offer customized loan options, fast approvals, and personalized support. Independent Home Finance Inc. is committed to helping self-employed borrowers access financing that works with their unique financial picture.
Call (888) 315-7784 or Apply Online Now to explore your Santa Rosa Bank Statement Loan options.
How much do you qualify for?
For Regular Information Follow Us On Social Media!
