Your tax returns show what your CPA saved you. Your bank statements show what you actually make. We can lend on the second one.
If you're self-employed and write off aggressively (as you should), traditional lenders punish you for it - your qualifying income on paper looks tiny. Bank statement loans use 12-24 months of business or personal deposits to establish income instead of tax returns. Contractors, salon owners, restaurateurs, truckers, agents, consultants - I've qualified them all this way.
Real example: a client with seven figures in annual business deposits but modest net income on returns. Full-doc said no. Bank statements said yes - at a competitive rate with a reasonable down payment.
Typically: an established business history, 12-24 months of statements, decent credit, and a stronger-than-minimum down payment. If your deposits are strong, this is often the difference between waiting years and buying now. Book a free consult - I'll review your deposits and give you a real number.
Every real program serving Contra Costa County - CalHFA, WISH, AHOP, Smart Start and more - and how they stack.
First-time buyer grant program toward your down payment for buyers under county income limits.
15% down with no monthly mortgage insurance for qualifying buyers.