Bank Statement Loans in Burbank and Glendale
Qualify for a mortgage using your bank statements instead of traditional income documents with Bank Statement Loans, perfect for self-employed professionals in Burbank, Glendale, and across California. Corbett Uzel specializes in helping entrepreneurs and freelancers secure home financing with flexible options that recognize your true earning power.
Bank Statement Loans
What Are Bank Statement Loans?
Bank statement loans are a type of mortgage designed for self-employed borrowers, freelancers, business owners, and independent contractors who do not have traditional W-2 income. Instead of using tax returns or pay stubs, lenders evaluate income based on bank deposits over 12 to 24 months to determine mortgage eligibility.
Who Can Benefit from a Bank Statement Loan?
Bank statement loans are ideal for entrepreneurs, gig workers, real estate investors, and high-net-worth individuals who have significant cash flow but may show lower taxable income due to business deductions. If you’ve been turned down for a conventional loan because of fluctuating income or complex tax returns, a bank statement loan provides a flexible path to homeownership
How Do Bank Statement Loans Work?
Instead of requiring W-2 forms or tax returns, bank statement loans use personal or business account statements to verify income. Lenders review deposits over a 12- to 24-month period, calculating monthly average earnings to determine how much home you can afford. These loans may require a higher credit score and down payment compared to conventional loans, but they offer greater flexibility in income verification.
What Types of Mortgages Are Available with Bank Statement Loans?
Bank statement loans can be structured as fixed-rate or adjustable-rate mortgages (ARMs). Borrowers can also access jumbo bank statement loans for higher-priced homes, and some lenders offer interest-only payment options. These loans are available for primary residences, second homes, and investment properties, giving borrowers multiple financing solutions.
What Are the Benefits of a Bank Statement Loan?
Bank statement loans provide income verification flexibility, making it easier for self-employed borrowers to qualify. They offer higher loan limits, lower documentation requirements, and options for those with non-traditional income sources. These loans also allow for higher debt-to-income ratios, recognizing that business owners may have fluctuating earnings.
Is a Bank Statement Loan Right for You?
If traditional mortgage approval has been difficult due to tax return complications, a bank statement loan could be the ideal solution. These loans allow you to qualify based on your actual cash flow rather than taxable income, providing a streamlined approval process. Speaking with a mortgage specialist can help determine if a bank statement loan fits your home financing goals.
Why Choose Us for Your Bank Statement Loan?
We specialize in helping self-employed borrowers secure flexible mortgage solutions using bank statements instead of tax returns. Whether you’re a business owner, freelancer, or independent contractor, we offer customized loan programs to meet your unique financial needs.
From loan pre-qualification to closing, our team provides personalized service, ensuring a smooth mortgage experience without the roadblocks of traditional income verification. Contact us today to explore your options and take the next step toward homeownership!
Bank statement loan FAQs
Understand how deposit-based income review works before choosing alternative documentation. Corbett helps California business owners compare this approach with other mortgage options.
What does a bank statement mortgage use to assess income?
The lender reviews eligible deposits in personal or business bank statements instead of relying on the usual tax-return income calculation. Programs commonly request 12 or 24 months of statements, but the required history and calculation depend on the lender. It is an alternative documentation loan, not an undocumented loan.
Does every deposit count as mortgage income?
No. Transfers between accounts, borrowed funds and other non-income deposits can be excluded. Business statement calculations may also deduct an expense allowance and account for your ownership share. Ask for an explanation of the accepted income calculation before relying on a preliminary loan amount.
Can I combine personal and business statements?
That depends on the program. The lender needs a consistent view of income and must avoid counting money twice when it moves between accounts. Give Corbett an overview of how clients pay you and which accounts receive that money before assembling the requested statements.
Are bank statement loans only for buying a primary home?
Some programs permit refinancing, second homes or investment properties as well. Availability, leverage and documentation can change with the property’s intended use. Confirm the exact transaction and occupancy with Corbett before assuming that an advertised program covers your scenario.
What else is reviewed besides my statements?
Credit, debts, down payment or equity, reserves, business history and the property still matter. The bank statements are one part of underwriting. Request the lender’s document checklist early, especially if you have several businesses or recently changed how your income is paid.
Is this always cheaper than a tax-return-based mortgage?
No. Alternative documentation can come with different pricing, fees and loan features. Compare the total payment, APR where applicable, upfront charges and any prepayment terms. A larger qualifying income figure is useful only if the resulting loan is affordable for you.
What if my business is new or my deposits have fallen?
Tell Corbett before paying for an appraisal or assuming a closing date. A limited history or recent decline can change the available options and supporting documents. A review may point to a different program, a smaller loan or more time to establish earnings; approval cannot be assumed.
Information checked September 7, 2026. Further reading: Fannie Mae: self-employed income · CFPB: interest rate and APR.