10% Down Irvine CA Self Employed CA Mortgage Lenders

BANK STATEMENT ONLY MORTGAGE LENDERS- NO TAX RETURNS NEEDED!
CHECK CALIFORNIA SELF EMPLOYED MORTGAGE LENDERS QUESTIONS AND ANSWERS
Many Self-employed California business owners agree that their tax returns do not accurately show their ability to make a mortgage payment. The self-employed borrower tends to write off and or deduct many expenses that a salaried / W2 employee is not able to. Because of the extensive write-offs, the income on their tax returns may not qualify for a traditional bank mortgage to purchase and or get the loan amount they need to purchase their DREAM home. Bank statement mortgage lenders provide an alternative income solution offered by certain bank statement only mortgage lenders to help self-employed borrowers qualify for a mortgage with NO TAX RETURNS! we serve all California self-employed!

NO TAX RETURNS NEEDED!
QUALIFY USING BANK STATEMENT ONLY
Self-Employed Mortgage Lenders Program Highlights Summary

10% Down with a 660 & 15% Down with a 600 Score!

    • No tax returns Needed! Proof of 2 years self-employed!
    • Owner-occupied, 2nd homes and investment properties.
    • Loan Amounts From $150,000 to $3,000,000.
    • 12 months personal or 24 months California business bank statements
    • Debt to income up to 50% considered.
    • Choose either a 5/1 and 7/1 ARM’S and/or 30-year fixed.
    • No prepayment penalty for owner-occ and 2nd homes
    • Seller paid closing cost allowed up to  6%. 
    • California business Bank Statment Expense Ratio Options Include:

4 Different Options For using California business Bank Statement Only!

1) 3 MONTH California business STATEMENTS (24 Mo. Tax Preparer P&L)
2) BORROWER PREPARED P&L (24 Mo. California business Statements)
3) 24 MONTH California business STATEMENTS (Tax Preparer Expense Letter)
3) 24 MONTH California business STATEMENTS (50% Of gross income used No questions asked)

        Non-warrantable condos considered bank Statement Only borrowers that can document their income by providing the following:

  1. Bank Statement Lenders Worksheet
  2. Bank Statement Lenders 24 Month Profit and Loss Statement Request

KEY POINTS TO THE BANK STATEMENT ONLY MORTGAGE PROGRAM

• California business or Personal Statements to 90% LTV!!!
• 100% of Deposits for Personal Statements! or
• 100% of Deposits for California business Statements!
• Don’t look at Withdrawals!
• Don’t look at Overdrafts!
• No P&L!
• No Reserves!
90% LTV – after Foreclosure, Short Sale or BK
Our Stated and Bank Statement Only Loan Approvals Up to $3,000,000 Loan Amounts
BANK STATEMENT ONLY MORTGAGE LENDERS REQUIREMENTS                  
1.Min 500 FICO!
2. 24 Months of Statements
3. Owner Occ. w/ 600 Fico, Non Owner & 2nd Homes w/500 Fico
4. Self Employed and 1099 borrowers only
5. Only 6 NSF’s in most recent 12 months

FOR SAME DAY PRE APPROVAL!

FOR YOUR FREE NO OBLIGATION CONSOLATION 

24 Months Bank Statement Only California Employment Types:

  • Self Employed
  • 1099
    o Must provide California business license, Tax Preparer’s NOT Audited letter or corporate paperwork.

US Mortgage Lenders will accept Personal or California business Bank Statements.  However, qualifying income will be calculated differently.

California Personal Bank Statements:  100% of Deposits- Add all deposits for all 24 months and divide that amount by 24 to receive the monthly income amount we will apply as the borrower’s qualifying income.

Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.

California business Bank Statements:  50% of Deposits- Add all deposits for all 24 months, divide by 2, and then divide by 24 to receive the monthly income amount we will give to the borrower.

Ex. 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 a month income. Only 90% is used because we have to assume the California business expenses

SERVING IRVINE CA ZIP CODES AND CITIES INCLUDING AND NOT LIMITED TO

  • Irvine, CA Covers 14 Irvine CA Self Employed Mortgage Lenders
  • Irvine CA Self Employed Mortgage Lenders Type County Population Area Code(s)
  • Irvine CA Self Employed Mortgage Lenders 92602 Standard Orange 22,871 949
  • Irvine CA Self Employed Mortgage Lenders 92603 Standard Orange 20,184 949 / 714 / 657
  • Irvine CA Self Employed Mortgage Lenders 92604 Standard Orange 26,853 949
  • Irvine CA Self Employed Mortgage Lenders 92606 Standard Orange 21,495 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92612 Standard Orange 27,522 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92614 Standard Orange 24,748 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92616 P.O. Box Orange 0 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92617 Standard Orange 14,044 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92618 Standard Orange 16,366 949 / 657
  • Irvine CA Self Employed Mortgage Lenders 92619 P.O. Box Orange 0 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92620 Standard Orange 38,486 949 / 657
  • Irvine CA Self Employed Mortgage Lenders 92623 P.O. Box Orange 0 949 / 714
  • Irvine CA Self Employed Mortgage Lenders 92650 P.O. Box Orange 0 949 / 657
  • Irvine CA Self Employed Mortgage Lenders 92697 Unique Orange 0 949 / 714
  • Alhambra, CA
  • Aliso Viejo, CA
  • Anaheim, CA
  • Arcadia, CA
  • Artesia, CA
  • Atwood, CA
  • Azusa, CA
  • Baldwin Park, CA
  • Bell, CA
  • Bell Gardens, CA
  • Bellflower, CA
  • Bloomington, CA
  • Brea, CA
  • Bryn Mawr, CA
  • Buena Park, CA
  • Camp Pendleton, CA
  • Capistrano Beach, CA
  • Carson, CA
  • Cerritos, CA
  • Chino, CA
  • Chino Hills, CA
  • City Of Industry, CA
  • Claremont, CA
  • Colton, CA
  • Compton, CA
  • Corona, CA
  • Corona Del Mar, CA
  • Costa Mesa, CA
  • Covina, CA
  • Cypress, CA
  • Dana Point, CA
  • Diamond Bar, CA
  • Dodgertown, CA
  • Downey, CA
  • Duarte, CA
  • East Irvine, CA
  • El Monte, CA
  • El Toro, CA
  • Fallbrook, CA
  • Fontana, CA
  • Foothill Ranch, CA
  • Fountain Valley, CA
  • Fullerton, CA
  • Garden Grove, CA
  • Gardena, CA
  • Glendale, CA
  • Glendora, CA
  • Grand Terrace, CA
  • Guasti, CA
  • Hacienda Heights, CA
  • Harbor City, CA
  • Hawaiian Gardens, CA
  • Huntington Beach, CA
  • Huntington Park, CA
  • Jurupa Valley, CA
  • La Crescenta, CA
  • La Habra, CA
  • La Mirada, CA
  • La Palma, CA
  • La Puente, CA
  • La Verne, CA
  • Ladera Ranch, CA
  • Laguna Beach, CA
  • Laguna Hills, CA
  • Laguna Niguel, CA
  • Laguna Woods, CA
  • Lake Elsinore, CA
  • Lake Forest, CA
  • Lakewood, CA
  • Loma Linda, CA
  • Long Beach, CA
  • Los Alamitos, CA
  • Los Angeles, CA
  • Lynwood, CA
  • March Air Reserve Base, CA
  • Maywood, CA
  • Menifee, CA
  • Midway City, CA
  • Mira Loma, CA
  • Mission Viejo, CA
  • Monrovia, CA
  • Montclair, CA
  • Montebello, CA
  • Monterey Park, CA
  • Moreno Valley, CA
  • Murrieta, CA
  • Newport Beach, CA
  • Newport Coast, CA
  • Norco, CA
  • North Hills, CA
  • Norwalk, CA
  • Oceanside, CA
  • Ontario, CA
  • Orange, CA
  • Paramount, CA
  • Pasadena, CA
  • Patton, CA
  • Perris, CA
  • Pico Rivera, CA
  • Placentia, CA
  • Pomona, CA
  • Rancho Cucamonga, CA
  • Rancho Santa Margarita, CA
  • Rialto, CA
  • Riverside, CA
  • Rosemead, CA
  • Rowland Heights, CA
  • San Bernardino, CA
  • San Clemente, CA
  • San Dimas, CA
  • San Gabriel, CA
  • San Juan Capistrano, CA
  • San Luis Rey, CA
  • San Marino, CA
  • San Pedro, CA
  • Santa Ana, CA
  • Santa Fe Springs, CA
  • Seal Beach, CA
  • Sierra Madre, CA
  • Signal Hill, CA
  • Silverado, CA
  • South El Monte, CA
  • South Gate, CA
  • South Pasadena, CA
  • Stanton, CA
  • Sunset Beach, CA
  • Surfside, CA
  • Temecula, CA
  • Temple City, CA
  • Torrance, CA
  • Trabuco Canyon, CA
  • Tustin, CA
  • Upland, CA
  • Villa Park, CA
  • Walnut, CA
  • West Covina, CA
  • Westminster, CA
  • Whittier, CA
  • Wildomar, CA
  • Wilmington, CA
  • Yorba Linda, CA
FHA Mortgage Lenders By State: 
Florida   Texas  Georgia  Alabama   California  

Latest pages

Serving These Fine Texas Cities

About Us

We are US Mortgage Lenders. Major real estate brokerages regularly entrust their clients to our team due to our reputation for transparency, delivering on time, customer satisfaction and loyalty. With five-star customer reviews on Zillow.com and counting, you’re assured of having the backing of an experienced team.

Show Buttons
Hide Buttons