Where can I get a bank statement loan near me in Marina del Rey?

Save Financial's Marina del Rey office is at 13763 Fiji Way, Suite EU2, Marina del Rey, CA 90292, on the Westside coast. We are a licensed California mortgage broker (NMLS #377740, DRE #01875766) and compare bank statement loan options from multiple lenders for self-employed borrowers. Call (310) 759-4757 to start.

How does a bank statement loan work?

A bank statement loan qualifies self-employed borrowers using 12 or 24 months of business or personal bank statements instead of tax returns. Lenders average your deposits, apply an expense factor (typically 25-50% depending on business type), and use the net result as qualifying income. That sidesteps tax-return income that is often reduced by legitimate write-offs.

Do I need tax returns or W-2s for a bank statement loan?

No. Bank statement loans do not use tax returns or W-2s to qualify income. You provide 12 to 24 months of business or personal bank statements, and the lender qualifies you on your deposits. It is built for 1099 contractors, freelancers, gig workers, and business owners.

How much down payment do I need for a bank statement loan?

For owner-occupied homes, expect roughly 10-20% down with a mid-600s or higher credit score. Investment-property bank statement loans typically require 20-25% down. Because qualifying uses your deposits rather than tax returns, the down payment is often the main gate.

Business statements or personal statements — which can I use?

Most California bank statement programs accept either 12-24 months of business statements or 12-24 months of personal statements, as long as the deposits are clearly identifiable as business income. Because we broker across lenders, we can match your deposit pattern to the program that gives you the most qualifying income.

What loan amounts are available?

Most California bank statement loans fall between $400,000 and $2 million, where pricing is most competitive. Higher amounts are possible on specialty super-jumbo programs that generally call for about 30% down and a 760+ credit score — common for the high-value Westside market.

Can I use a bank statement loan to buy or to refinance?

Both. Self-employed borrowers use bank statement loans to purchase a Westside home or to refinance an existing mortgage, including cash-out, without the tax-return hurdle.

I'm on 1099 or have a CPA-prepared P&L — are there other options?

Yes. Alongside bank statement loans, we place 1099 loans (which use gross 1099 income with an expense factor) and P&L loans (which use a CPA-prepared profit-and-loss statement instead of tax returns). We match you to whichever documentation path qualifies you for the most income.

Why use a broker for a bank statement loan?

Expense factors and deposit rules vary widely between lenders. As a broker, Save Financial shops many bank statement lenders at once and places your file with the one whose guidelines get you the most qualifying income at the best terms — instead of relying on a single lender's box.

Bank Statement Loans · Marina del Rey, CA

Bank Statement Loans in Marina del Rey — Local Self-Employed Mortgage Options from Save Financial

A bank statement loan in Marina del Rey lets self-employed borrowers qualify using 12 or 24 months of bank deposits instead of tax returns, so business write-offs don't sink your approval. Save Financial (NMLS #377740), a local California mortgage broker at 13763 Fiji Way, Suite EU2, compares bank statement lenders across the market. Call (310) 759-4757.

Looking for a Bank Statement Loan Near You in Marina del Rey?

Our home office is on the Marina del Rey Westside coast, so a self-employed borrower can sit down with a licensed loan officer, walk through 12 to 24 months of deposits, and see the qualifying income a bank statement program produces — in person, not through a distant call center.

Save Financial — Marina del Rey office
13763 Fiji Way, Suite EU2, Marina del Rey, CA 90292
Phone: (310) 759-4757
Hours: Monday–Friday 9:00 AM–5:00 PM, Saturday 10:00 AM–2:00 PM (Sunday closed) PT. Calls and texts are often answered after hours.

The office is just off Fiji Way near the main channel of the marina, with convenient parking and quick access from Lincoln Boulevard and the 90 Marina Freeway. We serve Westside self-employed homeowners from our Marina del Rey office across the neighborhoods below.

Areas We Serve Near Our Marina del Rey Office

The Westside is full of self-employed earners — creatives, contractors, and business owners whose tax returns understate what they really make. Here is how a bank statement loan tends to fit across the areas we cover from the marina:

Marina del Rey: Boat brokers, charter and hospitality operators, and creative freelancers around the harbor with strong deposits but write-off-heavy returns.
Venice: Artists, designers, tech contractors, and shop owners along Abbot Kinney — textbook bank statement borrowers.
Playa del Rey: Small-business owners and remote professionals near the coast who bank solid revenue but show reduced taxable income.
Playa Vista: Silicon Beach contractors and startup founders paid on 1099 or through an LLC, where 12–24 months of deposits tell the real story.
Santa Monica: Consultants, agency owners, and entertainment freelancers with variable income that a bank statement program smooths out.
Culver City: Studio, post-production, and media freelancers near the tech corridor who are paid project to project.
West Los Angeles: Self-employed medical, legal, and real estate professionals whose deposits support more than their returns suggest.
Mar Vista: Creative professionals and small-business owners buying or refinancing single-family homes.
Westchester: LAX-area contractors, aviation professionals, and small-business owners near Kentwood.

These are service areas of our Marina del Rey office, not separate offices.

How a Bank Statement Loan Works

A bank statement loan is a mortgage that qualifies self-employed California borrowers using 12 or 24 months of business or personal bank statements instead of tax returns. The lender averages your deposits, applies an expense factor (typically 25–50% depending on business type), and uses the net result as your qualifying income. That sidesteps tax-return income that is often artificially low because of legitimate write-offs.

These are Non-Qualified Mortgages (Non-QM) — they don't fit the federal Qualified Mortgage definition, which requires tax-return income verification, but they are not subprime. They're built for 1099 contractors, freelancers, gig workers, and LLC or business owners whose deposits are strong but whose taxable income is reduced by write-offs. For example, a borrower with $200,000 in deposits and a 50% expense factor qualifies at roughly $100,000 of income.

Most California bank statement loans fall between $400,000 and $2 million, with specialty super-jumbo programs available (generally about 30% down and a 760+ score) — a fit for the high-value Westside market. As a broker, Save Financial shops many bank statement lenders at once and places your file where the deposit and expense-factor rules produce the most income.

Common Bank Statement Scenarios for Westside Self-Employed Borrowers

Save Financial has closed bank statement loans for restaurant owners, real estate agents, attorneys, contractors, creators, and more. On the Westside they usually look like this:

Strong deposits, low taxable income: A freelancer or business owner whose write-offs make conventional qualifying impossible, but whose 12–24 months of deposits clearly support the payment.
Buying on the Westside: A self-employed buyer purchasing a Marina del Rey, Venice, or Playa Vista home who can't document income the conventional way.
Refinance or cash-out: An owner tapping equity or lowering a payment without producing tax returns.
1099 or P&L path: Borrowers who fit better on a 1099 loan (gross 1099 income with an expense factor) or a P&L loan (a CPA-prepared profit-and-loss statement).
High-income professionals: Owners for whom filing differently to qualify conventionally would cost more in taxes than a bank statement loan does in rate.

Is a Bank Statement Loan Right for You?

A bank statement loan generally fits when most of the following are true. This is a general guide, not a commitment to lend, and every file is reviewed individually:

You are self-employed (1099 contractor, freelancer, gig worker, or business owner), typically with a two-year history.
Your tax returns understate your true income because of legitimate write-offs.
You can provide 12–24 months of business or personal bank statements showing consistent deposits.
You have roughly 10–20% down for an owner-occupied home (20–25% for investment) and a mid-600s or higher credit score.
You want to buy or refinance without handing over tax returns or W-2s.

Bank Statement vs. Conventional vs. P&L / 1099

These paths all serve self-employed borrowers but prove income differently. Here is a side-by-side:

Factor	Bank Statement	Conventional (full-doc)	P&L / 1099
Income proof	12–24 months of deposits	Tax returns & W-2s	CPA P&L, or gross 1099
Tax returns required	No	Yes	No
Best for	Write-off-heavy self-employed	W-2 or clean-return borrowers	Owners with a CPA P&L or 1099 income
Loan type	Non-QM	Qualified Mortgage	Non-QM
Typical down (owner-occ)	~10–20%	As low as 3–5%	~10–20%
Property use	Primary, second, investment	Primary, second, investment	Primary, second, investment

The right path is whichever documents the most qualifying income for your situation. Because we broker across lenders, we can compare a bank statement, P&L, and 1099 approach side by side.

Why Work With a Local Marina del Rey Mortgage Broker?

Expense factors and deposit rules vary widely between bank statement lenders, and small guideline differences change how much income you qualify for. As a broker, Save Financial shops many lenders at once and places your file with the one whose rules get you the most income — instead of forcing it into a single lender's box. Our office is on the Westside, so we know this market of creatives, contractors, and business owners firsthand.

You can meet us in person on Fiji Way, walk through your deposits, and get straight answers from a licensed local loan officer. Call the Marina del Rey office directly at (310) 759-4757.

How to Get a Bank Statement Loan with Save Financial

Gather your statements. Pull the last 12–24 months of business or personal bank statements that show your deposits.
Share the basics. Tell us your business type, the property, and whether you're buying or refinancing. Start online or call (310) 759-4757.
We calculate your income. We compare how different lenders average deposits and apply expense factors, then show the qualifying income each produces.
We shop and place your file. We match you to the lender whose guidelines get you the most income at the best terms.
Close. Move toward closing without ever handing over tax returns.

Serving Marina del Rey: Save Financial arranges bank statement and self-employed loans in Marina del Rey and across the Westside from our Marina del Rey office. We are a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), Equal Housing Opportunity, and shop multiple lenders for your best terms. This page is informational and not a commitment to lend; all loans are subject to credit approval, income and property review, and program availability. Call 310-759-4757 or apply online.