Victorville, located in the High Desert region of San Bernardino County, is a growing city known for its affordable housing, expanding suburbs, and small business energy. With neighborhoods like Spring Valley Lake, Brentwood, Eagle Ranch, and West Victorville, there’s no shortage of opportunity for homeowners and investors. For self-employed residents, however, qualifying for a traditional mortgage can be a challenge due to write-offs and irregular income streams. Victorville Bank Statement Loans provide a flexible solution by allowing borrowers to qualify using bank deposits instead of W-2s or tax returns.
At Independent Home Finance Inc., we understand the needs of Victorville’s contractors, business owners, and freelancers. Our programs are designed to make homeownership accessible without the usual documentation hurdles.
What Are Victorville Bank Statement Loans?
Bank Statement Loans are mortgages based on your personal or business bank deposit history—typically over a 12-month period—rather than your tax return income. They’re perfect for individuals whose real income isn’t fully reflected in adjusted gross income.
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 Victorville Bank Statement Loans?
Borrowers must be self-employed for at least 2 years, or 20–24 months in business with applicable experience. A consistent 12-month deposit history is required.
Common borrower types in Victorville include:
- Independent contractors and tradespeople
- Small business and franchise owners
- Real estate professionals and rental property investors
- Gig economy workers and creative freelancers
- Retirees with alternative income sources
A credit score of 620+ is preferred. Borrowers should be two years past major credit issues like foreclosure or bankruptcy.
How the Victorville Bank Statement Loans Process Works
- Submit 12 Months of Bank Statements:
- Personal accounts: 100% of deposits count.
- Business accounts: 50–65% of deposits are used, depending on expenses.
- Underwriting Review: A CPA letter may be requested but can often be waived.
- Loan Use: Funds can be used for purchases, refinances, or cash-out loans.
Common Bank Statement Loan Questions:
Why Choose Independent Home Finance Inc. for Victorville Bank Statement Loans?
Whether you’re buying a family home in Eagle Ranch, upgrading in Spring Valley Lake, or investing near Interstate 15, our team delivers personalized service, fast approvals, and smart mortgage solutions. At Independent Home Finance Inc., we’re here to support self-employed homeownership in Victorville and beyond.
Call (888) 315-7784 or Apply Online Now to get started with a Victorville Bank Statement Loan today.
How much do you qualify for?
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