Sunnyvale sits at the heart of Silicon Valley and is home to countless entrepreneurs, engineers, and remote professionals working in tech, biotech, design, and beyond. With upscale neighborhoods like Heritage District, Cherry Chase, Ortega Park, and Cumberland South, Sunnyvale’s real estate market is vibrant—but traditional mortgage requirements don’t always align with self-employed income realities. Sunnyvale Bank Statement Loans offer an ideal solution—allowing you to qualify using your personal or business bank deposits instead of tax returns or W-2s.
At Independent Home Finance Inc., we understand the needs of Sunnyvale’s highly skilled, self-employed professionals. Our flexible mortgage programs are designed to help you move forward with confidence.
What Are Sunnyvale Bank Statement Loans?
Bank Statement Loans let you qualify based on 12 months of consistent deposits into a personal or business account. These loans are especially beneficial for borrowers who deduct heavily on taxes or have fluctuating income from freelance or contract work.
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 Sunnyvale Bank Statement Loans?
Borrowers must be self-employed for at least two years, or 20–24 months in business with experience in the same industry. A solid 12-month deposit history is essential.
Typical borrowers in Sunnyvale include:
- Startup founders and tech contractors
- Digital creatives and software developers
- Freelancers and consultants
- Realtors and boutique business owners
- Remote professionals with 1099 income
A credit score of 620 or higher is recommended. Borrowers should be two years removed from major credit events.
How the Sunnyvale Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business bank activity.
- Personal: 100% of deposits used.
- Business: 50–65% of deposits used based on typical industry expenses.
- Underwriting: CPA letters may be requested but are often waived.
- Loan Use: Funds may be used for purchase, refinance, or cash-out.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Sunnyvale Bank Statement Loans?
Whether you're purchasing a townhome in Ortega Park, refinancing in Cherry Chase, or investing near Downtown Sunnyvale, we offer fast approvals and custom lending options built for self-employed success. Independent Home Finance Inc. is your partner in making homeownership a reality, even without traditional income docs.
Call (888) 315-7784 or Apply Online Now to begin your Sunnyvale Bank Statement Loan journey.
How much do you qualify for?
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