San Bernardino CA Bank Statement Mortgage Lenders

NO TAX RETURN CALIFORNIA MORTGAGE LENDERS
10% DOWN+No Tax Returns INCOME CALIFORNIA MORTGAGE LENDERS!
No Tax Returns California MORTGAGE LENDERS- No Tax Returns California HOME LOANS
Now Only 10% Down Owner Occ. using No TAX RETURNS  with a 660 Credit Score!San Bernardino BANK STATEMENT ONLY MORTGAGE LENDERS- NO TAX RETURNS! Alpine, CA, Bonita, CA,Campo, CA,Cardiff By The Sea, CA,Chula Vista, CA,Coronado, CA,Del Mar, CA,Descanso, CA,Dulzura, CA,El Cajon, CA,Guatay, CA,Imperial Beach, CA,Jamul, CA,La Jolla, CA,La Mesa, CA,Lakeside, CA,Lemon Grove, CA,Mount Laguna, CA,National City, CA,Pine Valley, CA,Potrero, CA,Poway, CA,Rancho Santa Fe, CA,San Ysidro, CA,Santee, CA,Solana Beach, CA,Spring Valley, CA,Tecate, CA,

San Bernardino CA San Bernardino CA Self Employed BANK STATEMENT MORTGAGE LENDERS| San Bernardino 
San Bernardino CA Self Employed PRE APPROVAL CHECKLIST 

California Self Employed Mortgage Lenders Program Details

  • No tax returns required
  • 12 month personal or business No Tax Returnss
  • 24 month business No Tax Returnss
  • Loans up to $3 million
  • Credit scores down to 580
  • Up to 90% LTV on Personal and Business with no MI
  • DTI up to 50% considered
  • Owner-occupied, 2nd homes and investment properties 
  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Non-warrantable condos considered
  • Jumbo loans down to 600 score
  • 5/1 ARM or 30-year fixed
  • No pre-payment penalty for owner-occ and 2nd homes
  • Seller concessions to 6% (2% for investment)
  • 2 year self-employed required

Check Self Employed Mortgage lenders Questions And Answers 


Do self-employed mortgage lenders allow w2 cco-borrowers income to qualify?

NO TAX RETURNS MORTGAGE DOCUMENTS NEEDED

• Two options available – Alt-Doc & Reduced Doc
o Alternative Bank Statement Mortgage Lenders Documentation:
▪ 24 Months Personal San Bernardino Bank Statements
▪ 24 Months Business San Bernardino Bank Statements with a profit and loss statement
o Reduced Documentation:
▪ 12 Months Personal San Bernardino Bank Statements
▪ 12 Months Business San Bernardino Bank Statements with a profit and loss statement
▪ 2 Months San Bernardino Bank Statements (business or personal) supported by a CPA prepared
P&L covering at least 12 months

SELF EMPLOYED MORTGAGE QUESTIONS

Bank Statement San Bernardino Mortgage Lenders Statement Evaluation

Self-employed San Bernardino CA Self Employed Mortgage Applicants s are eligible for either Personal San Bernardino Bank Statement Documentation or Business
San Bernardino Bank Statement Documentation. The following restrictions apply to both documentation types:
• San Bernardino CA Self Employed Mortgage Applicants s must be self-employed or be able to prove they have been in the same business line of work for at least 2  consecutive years.Or the Business must be in existence for at least 2 years.
• Standard Tradelines and a 12-month housing history are required.
• Non-Permanent Resident Aliens and Foreign Nationals are ineligible.
• All parties listed on each San Bernardino Bank account must be included as San Bernardino CA Self Employed Mortgage Applicants s on the loan.
• San Bernardino CA Statements must be consecutive and reflect the most recent months available.
• San Bernardino CA Statements must support stable and generally predictable deposits. Unusual deposits must be
documented.
• Evidence of a decline in earnings may result in disqualification.
• Up to 20 NSF checks and overdraft protection transfers in the most recent 12-month period are
allowed with an explanation from the San Bernardino CA Self Employed Mortgage Applicants.
• Additional income deposited into the San Bernardino Bank statements but derived from a source other than the
self-employed business may not be included in the San Bernardino Bank statement average. W-2 earnings can
be used to supplement the San Bernardino Bank statement income. We will require 2 years W-2’s, 30 days of
most recent paystubs and a 4506t just for W-2 transcripts.
• If San Bernardino Bank statements provided reflect payments being made on obligations not listed on the credit
report, we may ask for clarification that these are not debts that need to be included into the
DTI.
• San Bernardino CA Income derived solely from the ownership of rental properties cannot be used as the primary
income source on a San Bernardino Bank statement loan. San Bernardino CA Self Employed Mortgage Applicants s who receive rental income as a secondary
income source may utilize San Bernardino Bank Statement Documentation on a case-by-case basis.

Bank Statement Mortgage Lenders Documents Continued

Business San Bernardino Bank Statement Documentation is allowed under all programs. See the applicable San Bernardino Bank Statement Mortgage Lenders Funding Program Matrix for credit score and LTV restrictions.
The following documentation is required:
• 2, 12, or 24 months complete business San Bernardino Bank statements from the same account (transaction
history printouts are not acceptable)
• Business San Bernardino Bank accounts, personal San Bernardino Bank accounts addressed to a DBA, or personal accounts with
evidence of business expenses can be used for qualification
• P&L statement (prepared by CPA, licensed tax preparer or San Bernardino CA Self Employed Mortgage Applicants ) covering the same 2-year
period as the San Bernardino Bank statements.
• Business narrative required outlining business cash-flows & expenses associated with the
business industry type.
• San Bernardino CA Self Employed Mortgage Applicants Prepared signed and dated P&L is allowed with an acceptable business narrative
outlining business cash-flows & expenses associated with the business industry type.
• Initial signed 1003 with monthly income disclosed. Must be equal to or higher than Net income
on P&L.
• Verification San Bernardino CA Self Employed Mortgage Applicants is 100% owners of business Exception granted if San Bernardino CA Self Employed Mortgage Applicants owns at least 50% of the business.
• Verification of business existence required within 10 calendar days of closing
Income Calculation: Qualifying income is the P&L Net Income average from the validated P&L provided.
The total deposits calculated with 2, 12, or 24 months of business San Bernardino Bank statements is used solely to
validate self-employed earnings reported on the P&L provided.
P&L Net Income
P&L Net Income is the net income disclosed on the P&L averaged over 2, 12, or 24 months.
P&L Validation
The average of total deposits calculated with 2, 12, or 24 months of business San Bernardino Bank statements is used
solely to validate self-employed earnings reported on the P&L.
Average deposits over the 12 or 24-month period must support the 2, 12, or 24-month P&L by being no
less than 10% below P&L Average Gross Revenue. If average deposits equal 90% or more of Average
Gross Revenue, the P&L is deemed validated.
The following requirements apply:
• Wire transfers and transfers from other accounts must be documented or excluded from the
calculation.
• Statements should show a trend of ending balances that are stable or increasing over time.
Decreasing or negative ending balances must be explained.
• San Bernardino CA Self Employed Mortgage Lenders will review and validate expenses based on business narrative provided.
• Business expenses must be reasonable for the type of business. Examples of businesses with
higher expense ratios may include construction companies, builders, restaurants and retail
firms.

San Bernardino BANK STATEMENT ONLY MORTGAGE LENDERS- NO TAX RETURNS!

Alpine, CA, Bonita, CA,Campo, CA,Cardiff By The Sea, CA,Chula Vista, CA,Coronado, CA,Del Mar, CA,Descanso, CA,Dulzura, CA,El Cajon, CA,Guatay, CA,Imperial Beach, CA,Jamul, CA,La Jolla, CA,La Mesa, CA,Lakeside, CA,Lemon Grove, CA,Mount Laguna, CA,National City, CA,Pine Valley, CA,Potrero, CA,Poway, CA,Rancho Santa Fe, CA,San Ysidro, CA,Santee, CA,Solana Beach, CA,Spring Valley, CA,Tecate, CA,

San Bernardino CA San Bernardino CA Self Employed BANK STATEMENT MORTGAGE LENDERS|

INCOME FOR Bank Statement MORTGAGE LENDERS

1003 Initial San Bernardino CA Self Employed Mortgage Applicants Mortgage Application Income
• Income disclosed on the initial signed application should be reviewed. Income used to qualify
must not exceed income stated on the signed 1003.
PERSONAL San Bernardino Bank STATEMENTS
Personal San Bernardino Bank Statement Documentation is allowed under all programs. See the applicable San Bernardino Bank Statement Mortgage Lenders
Funding Product Matrix for credit score and LTV restrictions.
All Non-Agency Loan Programs allow for either 2, 12, or 24 months of San Bernardino Bank statements. Maximum DTI
for 12-month option is 43%. See the Non-QM Scenario Desk for exceptions to 50%.
The Investment Property Program allows for only 12 months of San Bernardino Bank statements with standard DTI
requirements.
San Bernardino CA Self Employed Documentation documentation is required:
• 2, 12, or 24 months complete personal San Bernardino Bank statements from the same account (transaction
history printouts are not acceptable).
• Multiple San Bernardino Bank accounts may be used (combination of business and personal is prohibited unless
income is being used from multiple businesses and each account represents income from a
separate business)
• For Personal San Bernardino Bank statements; all deposits greater than 50% of the monthly deposit average will
require a source and explanation.
o Note: LTV less than or equal to 70% & Credit Tiers 1-3, NOT REQUIRED. *Assets to close
will still be validated.

• Initial signed 1003 with monthly income disclosed
• Verification of business existence required within 10 calendar days of closing
Income Calculation: Income calculated using personal San Bernardino Bank statements must be reviewed alongside
income stated by the San Bernardino CA Self Employed Mortgage Applicants on the initial signed loan application.
• Final income is calculated by averaging qualified deposits over the 2, 12, or 24-month period.
Personal San Bernardino Bank Statement Average
The following requirements apply when calculating qualifying income using personal San Bernardino Bank statements:
• 100% of deposits used for income and averaged over 12 or 24 months
• Transfers between personal accounts should be excluded
• Transfers from a business account into a personal account are acceptable. Additional business
San Bernardino Bank statements will be required to establish a history of transfers.

When utilizing reduced doc 2-month San Bernardino Bank statement program a 12-month CPA prepared P&L will be
required. The monthly average of the San Bernardino Bank statement deposits must validate within 10% of the P&L
annual net income averaged over 12 months.8.2.1.1 Personal San Bernardino Bank Statement Average

The following requirements apply when calculating qualifying income using personal San Bernardino Bank statements:
• 100% of deposits used for income and averaged over 2, 12, or 24 months

• Transfers between personal accounts should be excluded
• Transfers from a business account into a personal account are acceptable. Additional business
San Bernardino Bank statements will be required to establish a history of transfers.
1003 Initial Disclosed Income
Income disclosed on the initial signed application should be reviewed. Income used to qualify must not
exceed income stated on the signed 1003.
Professional Investor Program
This is the easiest program that we have. We can close these loans in as quick as 2.5 weeks. There are
two main transactions under this program: Purchase & Cash Out Refi.
FIRST-TIME INVESTOR
A First-Time Investor is a San Bernardino CA Self Employed Mortgage Applicants who has not owned at least one investment property for at least 12
months anytime during the most recent 12-month period. First-Time Investors are allowed with a 5%
LTV reduction.
OWNERSHIP OF PRIMARY RESIDENCE
All San Bernardino CA Self Employed Mortgage Applicants s must presently own their primary residence. This requirement may be waived if the
San Bernardino CA Self Employed Mortgage Applicants can clearly demonstrate that the subject property is residential in nature and inferior in size
and quality to their primary residence (leased or owned). The San Bernardino CA Self Employed Mortgage Applicants must be renting another
residence and the lease must continue for the foreseeable future (minimum of 6 months).
LEASE REQUIREMENTS
For refinance transactions, an executed lease with no less than 3 months remaining at time of close is
required for all units in the subject property. The month-to-month tenancy is not subject to this requirement
with sufficient evidence (such as a signed extension letter). San Bernardino CA Self Employed Mortgage Lenders does not require proof of lease on
purchase transactions. The property may be vacant on a purchase with no 5% LTV reduction.
The following requirements apply to refinance transactions:
• Lease requirements may be waived with a 5% LTV reduction from the maximum LTV allowed per
applicable program matrix.
• Original Lease term must be equal to or greater than 1 year. Month to month tenancy is allowed
only as an extension to the original lease term.
• Monthly lease payments must be consistent with market rents

SUMMARY –  San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders 

San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders 
San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders provides two (2) additional documentation options to determine San Bernardino CA Self Employed Mortgage Applicants San Bernardino CA Self Employed Mortgage Applicants qualifying income. Under this program either of the following will be acceptable;
 12-months personal San Bernardino Bank statements; or
 24-months business San Bernardino Bank statements

Transaction Types San Bernardino BankSan Bernardino Bank Statement Mortgage Lenders 
• Purchase
• Rate and Term Refinances
• Cash-Out  and or Debt Consolidation Refinances

General Requirements San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders 
Under this San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders, all San Bernardino CA Self Employed Mortgage Applicants must be Self-employed.

Income Calculations for San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders

Personal San Bernardino Bank Statement San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders
The following requirements apply when calculating qualifying income using personal San Bernardino Bank statements:
• All parties on the San Bernardino Bank’s statements must be on the loan; and
• Qualifying income is defined as 100% of deposits, averaged over a twelve (12) month period; and
• Statements must be consecutive and reflect the most recent months available; and
• Transfers from a San Bernardino CA Self Employed Mortgage Applicants San Bernardino CA Self Employed Mortgage Applicants business to personal account are allowed; and
• If the San Bernardino Bank statements provided reflect payments being made on obligations not listed on the
credit report, refer to Undisclosed Debts for additional guidance.

Business San Bernardino Bank Statements San Bernardino CA Self Employed Mortgage Lenders
The following requirements apply when calculating qualifying income using business San Bernardino Bank statements:
•San Bernardino CA Self Employed mortgage applicants must be 100% owner of the business to use 100% of the income; and
• Qualifying income is defined as, the total deposits, less the percent of business expenses,
annualized.

The expense to Income Ratio For Business San Bernardino Bank Statement Only Mortgage Lenders
The percentage of expenses used to determine the San Bernardino CA Self Employed Mortgage Applicants San Bernardino CA Self Employed Mortgage Applicants qualifying income, can never less than 35%
of the total deposits. For underwriting purposes, a Business Expense, CPA Statements or Profit and Loss Statements reflecting an expense ratio of less than the minimum required (5%), the percentage used to determine the qualifying
income will be adjusted to the minimum expense ratio determined by San Bernardino CA Self Employed San Bernardino Bank statement mortgage lenders..

Documentation Requirements San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders
Most recent twelve (12) months consecutive San Bernardino Bank statements
IRS transcripts are not required under the personal San Bernardino Bank statement program. In the event one or more San Bernardino CA Self Employed Mortgage Applicants (s)
are wage earnersIRS transcripts are still not required.

Verified Documentation Requirements Provided By Unbiased Observer
A Third Party or CPA prepared Business Expense Statement or Profit and Loss Statements, which is no less than
90-days old at the time closing must specify the total business expenses as a percent of the gross
revenue from the business San Bernardino Bank statement deposits.  Twenty-four (24) month business San Bernardino Bank statements covering the same time period as the Business Expense
Statement.

1003 San Bernardino CA Self Employed Mortgage Lenders Initial Disclosed Income Application
Income disclosed on the initial signed application should be reviewed. If the income calculated is significantly
higher than income stated on 1003, the underwriter should request an explanation from the San Bernardino CA Self Employed Mortgage Applicants to determine the acceptability of the income.

Program Restrictions For San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders
The following restrictions apply when using San Bernardino Bank statement documentation:
• The San Bernardino CA Self Employed Mortgage Applicants must qualify with Standard Trade Lines as per Trade Line Requirements section.
• Non-permanent resident aliens and foreign nationals are not eligible.
• Payroll deposits into accounts from other employment must be reflected as direct deposits and
may not be included in the San Bernardino Bank statement average. W-2 earnings must be documented as per the
requirements in the Salaried/Wage-Earners section.
• A consistent pattern of withdrawals exceeding deposits on a monthly basis or evidence of a decline
in earnings may result in disqualification.
• NSF and overdraft activity must be reviewed for acceptability.
• Income derived solely from the ownership of rental properties must be calculated per the
requirements in Rental Income section. San Bernardino CA Self Employed Mortgage Applicants San Bernardino CA Self Employed Mortgage Applicants who receive rental income as a secondary
income source may utilize San Bernardino Bank statement documentation on a case-by-case basis.
• Non-Profit organizations are not eligible under the Business San Bernardino Bank Statement Program.

Occupancy Requirments for San Bernardino CA Self Employed San Bernardino Bank Statement Mortgage Lenders
Owner-Occupied & Second Home only
Investment properties limited to purchase transactions only

Second Home Mortgage San Bernardino CA Self Employed Mortgage Applicants  Eligibility Requirements:
• Must be located a reasonable distance away from the San Bernardino CA Self Employed Mortgage Applicants’ principal residence and occupied
by the San Bernardino CA Self Employed Mortgage Applicants for some portion of the year.
• Must be located in a vacation area or an explanation for a second home is required and must be
reviewed by the Underwriter.
• Restricted to one unit dwellings
Must be suitable for year-round occupancy
• The San Bernardino CA Self Employed Mortgage Applicants must have exclusive control over the property. The property cannot be rented
seasonally or otherwise for any portion of the year, regardless of whether rental income is claimed
on tax returns.
• Cannot be subject to any agreements that give a management firm control over the occupancy of
the property

According to our research of California and other state lists there were 83 registered sex offenders living in 91911 Serving All San Bernardino Zip Codes Including as of November 20, 2018.
The ratio of number of residents in Serving All San Bernardino Zip Codes Including 91911 to the number of sex offenders is 1,030 to 1.
The number of registered sex offenders compared to the number of residents in this Serving All San Bernardino Zip Codes Including is smaller than the state average. San Bernardino CA Serving All San Bernardino Zip Codes Including 91911 Information

San Bernardino, CA Covers 15 Serving All San Bernardino Zip Codes Including

  • Anaheim, CA
  • Angelus Oaks, CA
  • Apple Valley, CA
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Serving All San Bernardino Zip Codes Including Type County Population Area Code(s)
Serving All San Bernardino Zip Codes Including 92401 Standard San Bernardino 1,932 909 / 951
Serving All San Bernardino Zip Codes Including 92402 P.O. Box San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92403 Standard San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92404 Standard San Bernardino 58,271 909
Serving All San Bernardino Zip Codes Including 92405 Standard San Bernardino 28,873 909
Serving All San Bernardino Zip Codes Including 92406 P.O. Box San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92407 Standard San Bernardino 56,689 909
Serving All San Bernardino Zip Codes Including 92408 Standard San Bernardino 15,271 909
Serving All San Bernardino Zip Codes Including 92410 Standard San Bernardino 49,410 909 / 951
Serving All San Bernardino Zip Codes Including 92411 Standard San Bernardino 26,214 909
Serving All San Bernardino Zip Codes Including 92413 P.O. Box San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92415 Unique San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92418 Unique San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92423 P.O. Box San Bernardino 0 909 / 951
Serving All San Bernardino Zip Codes Including 92427 P.O. Box San Bernardino 0 909 / 951

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