Visalia, nestled in the agricultural heart of California’s Central Valley, is a growing hub for small business owners, independent contractors, and self-employed workers. With charming neighborhoods like Beverly Glen, El Diamante, Cameron Creek, and Downtown Visalia, the city offers a mix of affordability and lifestyle appeal. But for those who deduct heavily on taxes or earn irregular income, qualifying for a traditional mortgage can be difficult. Visalia Bank Statement Loans offer a better way—using your actual bank deposits to determine eligibility instead of W-2s or tax returns.
At Independent Home Finance Inc., we help Visalia’s self-employed professionals access flexible mortgage solutions that reflect how they truly earn.
What Are Visalia Bank Statement Loans?
Bank Statement Loans are designed to help self-employed borrowers qualify for a mortgage based on 12 months of personal or business bank statements. These loans work well for those with strong income but limited taxable income due to write-offs or alternative earning methods.
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 Visalia Bank Statement Loans?
Borrowers should be self-employed for 2+ years, or 20–24 months in business with applicable experience. A consistent 12-month deposit history is required.
Common borrowers in Visalia include:
- Agricultural producers and farm contractors
- Real estate agents and property investors
- Contractors, service professionals, and tradespeople
- Freelancers, consultants, and creative professionals
- Gig workers and independent business owners
A credit score of 620 or higher is recommended, and borrowers should be two years past major credit events like foreclosure or bankruptcy.
How the Visalia Bank Statement Loans Process Works
- Submit Bank Statements: Provide 12 months of personal or business statements.
- Personal: 100% of deposits may count.
- Business: 50–65% of deposits are used depending on expenses.
- Underwriting: A CPA letter may be requested but can often be 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 Visalia Bank Statement Loans?
From suburban homes in Cameron Creek to investment properties in Downtown Visalia, our mortgage programs are built for the way today’s self-employed professionals earn. At Independent Home Finance Inc., we offer quick approvals, competitive rates, and lending solutions tailored to your unique income situation.
Call (888) 315-7784 or Apply Online Now to get started on your Visalia Bank Statement Loan today.
How much do you qualify for?
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