Bank Statement Program

What is a Bank Statement Loan?

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A bank statement loan is a non‑QM mortgage that allows self‑employed Californians—to qualify using bank statements instead of tax returns.

This is ideal when tax write‑offs make taxable income look lower than actual cash flow. According to multiple California lenders, bank statement loans are designed for self‑employed borrowers, gig workers, contractors, and small business owners whose deposits better reflect their true income.

How It Works Instead of W‑2s or full tax returns, lenders review:

• 12–24 months of personal or business bank statements

• Average monthly deposits to calculate qualifying income

• Business expense factor (often 10–50% depending on industry) This approach is highlighted by California lenders as a flexible alternative to traditional mortgages.

Why Work With Selective Lending?

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• Selective By Name, Exceptional By Choice-Personalized Lending That Puts You First
• 22+ Years of Lending Experience
• Dedicated Trained Team
• Fast Response Times
• Flexible Structuring for First Time Borrowers or Investors
• Direct Communication From Application to Closing

Various circumstances may affect loan qualification. All loan terms and information are subject to change without notice.