A bank statement loan lets self-employed Culver City buyers qualify using 12–24 months of deposits instead of tax returns — often at jumbo sizes here. Typical: 620–640+ credit, 10–20%+ down, income = averaged deposits × an expense factor (~50%). Full program details.
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How a bank statement loan works
Instead of tax returns, the lender reviews 12 to 24 months of your personal or business bank statements, averages the deposits, and applies an expense factor (often ~50%) to estimate qualifying income. No W-2s, no pay stubs, no tax returns — built for independent earners whose write-offs shrink their taxable income below what they actually make.
Who it fits in Culver City
Culver City runs on exactly the buyers this loan serves: editors, producers, cinematographers, VFX and post-production artists, agency and studio contractors, and tech consultants — many working project-to-project for the studios and tech campuses right in town. If your income is strong but your tax returns don't show it cleanly, a bank statement loan is the fix.
Typical terms (2026)
| Feature | Typical |
|---|---|
| Docs | 12–24 months bank statements — no tax returns |
| Credit score | ~620–640+ (more for jumbo) |
| Down payment | ~10–20%+ (more on jumbo) |
| Income calc | Avg deposits × expense factor (~50%) |
| Loan size | Up to jumbo — common here |
| Rate | ~0.75–2% over conventional |
Terms vary by lender, business type & profile; illustrative for 2026, not an offer.
Bank statement loan FAQs
What is it?
A non-QM loan qualifying on 12–24 months of deposits, not tax returns.
Good for project income?
Yes — it smooths production peaks & gaps into qualifying income.
Who qualifies?
Self-employed ~2 yrs, 620–640+ credit, 10–20%+ down.
How's income figured?
Averaged deposits × ~50% expense factor (varies by business).
Higher rates?
Usually ~0.75–2% over conventional; many refinance later. Illustrative.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Culver City from its Marina del Rey office. Nothing here is tax advice.