Bank Statement Loans California — Resolution Equity
Bank Statement Loans
Self-employed? Qualify using 12–24 months of bank statements instead of tax returns.
Key Benefits
- No tax returns required
- 12 or 24 months of bank statements
- Personal or business bank statements accepted
- Self-employed, 1099, and business owners
- Loan amounts up to $3M+
- Primary, second home, and investment
- Fixed and ARM options
- Cash-out refinance available
About Bank Statement Loans
Bank Statement loans are designed for self-employed borrowers, business owners, freelancers, and gig workers whose tax returns don't reflect their true income. Instead of W-2s or tax returns, lenders use 12 or 24 months of personal or business bank statements to calculate qualifying income. This is one of the most popular NonQM products for California's large self-employed workforce.
How Income is Calculated
For personal bank statements, lenders typically use 100% of deposits. For business bank statements, an expense factor (typically 50–75%) is applied to calculate net income. The average monthly deposits over 12 or 24 months becomes your qualifying income.
Who This Loan is For
This program is ideal for business owners, real estate investors, consultants, contractors, doctors, attorneys, and anyone who writes off significant business expenses on their taxes — resulting in a lower taxable income that doesn't reflect actual cash flow.
Documentation Required
12 or 24 months of consecutive bank statements, a CPA letter or business license confirming self-employment, and standard loan application documents. No tax returns, no W-2s.
Questions About Bank Statement Loans?
Our licensed team in Temecula is ready to walk you through your options and get you pre-qualified fast.