Bank Statement Loans in Walnut Creek, California
A Bank Statement loan qualifies self-employed and business-owner borrowers using 2 years of bank deposits instead of tax returns. It's built for entrepreneurs who want to buy or refinance without the paperwork.
Free, no obligation. You speak with Eric Rotner, not a call center.
“Eric is a very experienced lender with great communication. He’s wonderful to work with always meets timelines or beats them. Working with Eric is a pleasure and I recommend utilizing his services.” — Ca Perry
Benefits of a Bank Statement loan
Qualify using your bank deposits, not tax returns or profit-and-loss statements
No 2-year business history requirement — newer businesses can qualify
Flexible income calculation based on actual deposits
Available for primary residence, second home, and investment property
Available for purchase, rate-and-term refinance, and cash-out refinance
Fast underwriting — no accountant sign-off required
Fixed and adjustable-rate options available
Eligibility requirements
Minimum 2 years of business bank deposit history (statements required)
Minimum credit score, typically 640+
Loan-to-value up to 75-80% for purchase and refinance
Cash reserves required, typically 6 months PITI
Business must show consistent or growing deposits over the 2-year period
Income is calculated using net deposits (total deposits minus business expenses)
The My Mortgage Ally Difference: Expert Guidance for Bay Area Entrepreneurs
Self-employed borrowers in the East Bay often get shut down by big online lenders because their income doesn’t fit a W-2 box. At My Mortgage Ally, dedicated loan originator Eric Rotner brings 25+ years of mortgage experience to Bank Statement lending, with direct access to Cornerstone First Mortgage’s in-house underwriting and a panel of self-employed-focused wholesale lenders.
A Bank Statement loan lives on the deposits themselves — we review 2 years of statements, calculate your actual borrowing capacity, and walk you through it before you’re under contract. You know your number, your rate, and your timeline up front. No surprises in underwriting.
Why Local Expertise Matters for Bank Statement Financing in Walnut Creek
Big online lenders often can’t run Bank Statement files at all, or price them so aggressively that your rate disappears. We know Bay Area entrepreneurs — consultants, contractors, small business owners, gig workers — and we know how to read a deposit pattern that shows real income, not just transaction volume.
If your bank statement deposits don’t quite hit the program minimum at one lender, our deep integration with Cornerstone First Mortgage lets us pivot to an Asset Utilization approach, a P&L loan, or a portfolio program without restarting your file. A pre-approval from our office at 1501 N. Broadway also gives listing agents confidence in a competitive offer, which matters just as much for self-employed buyers in Concord or San Ramon as anywhere else.
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Frequently Asked Questions
1. What counts as a business deposit for Bank Statement qualification?
Deposits from your business checking account, whether from client payments, invoices, or other business revenue, count toward your qualifying income. We average the deposits over 2 years and typically allow business expenses to be deducted from the total.
2. Do I need to show a profit for a Bank Statement loan?
No. The loan qualifies on deposits alone, not profitability. If your business has growing deposits but modest profit margin, you can still qualify.
3. How long do I need to be in business for a Bank Statement loan?
Most lenders require 2 years of business history, shown through bank statements. Some programs accept newer businesses with strong deposit history.
4. Can I use a Bank Statement loan to refinance?
Yes. Bank Statement loans are available for rate-and-term refinance and cash-out refinance, using current or prior bank statements depending on the program.
5. Do I need to provide tax returns for a Bank Statement loan?
No, tax returns are not required. The program qualifies on bank deposits, not tax return income. Some lenders may request them for verification, but they’re not the primary qualifying document.