California Bank Statements Home Mortgages
No Credit Impact Mortgage review
California Bank Statement Home Mortgages
No Credit Impact Mortgage Prequalification
California Bank Statement Home Mortgage Lender
Welcome to Capital Home Mortgage California, where we strive to provide California’s Self Employed homebuyers and homeowners alternative options to purchase, refinance, or cash out home loans.
Non-QM Bank Statement Loans are specialized mortgage products designed for self-employed borrowers, independent contractors, or business owners who may not have traditional income documentation like W-2s or tax returns. Instead, these loans rely on bank statements to verify income, making them a key solution for individuals with non-traditional income profiles.
Capital Home Mortgage California can guide purchasers through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for California Non-QM loans.
Call today (888) 620-7744 to speak to a California Bank Statement Mortgage Specialist.
California Bank Statement Home Loans
A bank statement loan is a type of mortgage that allows self-employed borrowers to verify their income based on their personal or business bank statements, rather than traditional methods like tax returns, W-2s, or paystubs. Bank statement loans are generally used by self-employed individuals, small business owners, or independent contractors. Borrowers do not have to own 100% of the business. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.
- Purchase, Rate & Term, Cash-Out
- Primary, Secondary and Investment
- Minimum Credit 640
- Maximum LTV 90%
- 12 or 24 Months Business or Personal Bank Statements
- Most loans will be qualified on an expense factor of 50%
- Rates are 30-year fixed
- Interest Only Options
- Two Year Seasoning Foreclosures / Bankruptcy
- Minimum Loan 150K / Maximum Loan 3M
Key Features of California Bank statements Home Mortgages
Income Verification
- Borrowers provide personal or business bank statements (typically 12-24 months) to demonstrate consistent cash flow.
- Lenders use monthly deposits to calculate qualifying income, often excluding irregular or non-recurring deposits.
- No tax returns, W-2s, or pay stubs are required.
Flexible Loan Options
- Available for purchase, refinance, or cash-out transactions.
- Loan amounts can vary, with options for jumbo loan amounts exceeding conforming limits.
Down Payment or Equity Requirements
- Minimum down payment typically starts at 10%, but lower down payments may require higher credit scores or stronger cash flow.
Credit Score Requirements
- Up to 90% LTV for qualified borrowers, though this may vary with credit profile and property type.
Loan to Value Ratios (LTV)
- Minimum credit scores range from 620-680, depending on the lender and specific loan terms.
Interest Rates
- Rates are typically higher than traditional Qualified Mortgages (QM) due to the additional risk associated with non-QM lending.
Benefits of a California bank Statement Home Mortgage
- Income Flexibility: Perfect for self-employed borrowers who take significant tax deductions, resulting in lower reported taxable income.
- No Tax Return Requirements: Eliminates reliance on adjusted gross income (AGI) reported on tax returns.
- Higher Loan Amounts: Allows borrowers to qualify for larger loan amounts compared to traditional DTI-based loans.
- Wide Range of Eligible Properties: Can be used for primary residences, second homes, or investment properties.
- Flexible Qualification: Lenders evaluate the borrower’s cash flow rather than strict debt-to-income (DTI) ratios.
Qualifying for California bank Statement Home Mortgage
- Bank Statement Requirements: Provide 12-24 months of personal or business bank statements.
- Business owners may need to demonstrate expense ratios (e.g., 50-70% of deposits considered income).
- Reserves: Lenders may require 6-12 months of reserves (e.g., mortgage payments) in savings.
- Credit Profile: Higher credit scores and solid payment history improve terms. A 680+ often qualifies for better rates and higher LTV.
- Debt Service Coverage: Borrowers with investment properties may qualify using rental income to meet DSCR requirements.
Downside of California bank Statement Home Mortgages
- Higher Interest Rates: Non-QM loans are priced higher than conventional or FHA loans.
- Larger Down Payments: Higher LTVs often come with stricter qualification criteria.
- Limited Lender Options: Not all lenders offer non-QM loans, which can limit competition and choice.
- Prepayment Penalties: Some programs may include prepayment penalties for early payoff.
who should consider a california bank Statement Home Mortgage
- Borrowers who struggle to qualify for traditional mortgages due to complex income profiles.
- Investors or individuals seeking flexibility in documentation.
- Those looking to finance high-value properties with alternative qualification methods.
California Non Qualified Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding
California Mortgage Company Reviews
California Mortgage Team
California Mortgage Programs
California Purchase loans
Looking to Purchase a California Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Loans
Looking to Rehab a California Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home loans
Great First Time California Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California va Home Loans
100% Financing for California Veterans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional loans
Flexibility for California Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Conforming Mortgage Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home loans
100% California Rural Home Mortgages
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native american Loans
California Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
California Manufactured loans
Great California Affordable Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Mortgages
Your California Home at Work for You
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home loans
Making California Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California construction Loans
Build Your California Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Home Loans
California Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Home Loans
California Equity Cash Out Mortgages
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
