No Tax Returns, No Problem!

Home Financing for Self-Employed Borrowers Using 12 or 24 Months of Bank Statements

Are you self-employed, a freelancer, or a business owner struggling to qualify for a mortgage due to tax write-offs or fluctuating income? A Sacramento Bank Statement Loan is your solution!

At New Way Mortgage, we specialize in alternative mortgage solutions for buyers and investors who don’t fit into traditional loan programs. With no tax returns required, flexible credit options, and loan amounts up to $4 million, our Bank Statement Loan program is perfect for self-employed borrowers in Sacramento.

✔ Qualify using 12 or 24 months of bank statements
✔ No FICO score required or as low as 620 FICO accepted
✔ Up to 90% CLTV – Low down payment options
✔ Loans up to $4 million
✔ Cash-out refinance options available

What is a Non-QM Bank Statement Loan?

A Non-QM Bank Statement Loan is a mortgage designed for self-employed borrowers who have strong cash flow but don’t meet traditional W-2 income documentation requirements.

Instead of tax returns, lenders use your personal or business bank statements to calculate your qualifying income.

PROGRAM HIGHLIGHTS:

✔ Loan amounts up to $4 million
✔ Max CLTV: 90% (Low down payment options available)
✔ Cash-out options:

• Up to $500,000 cash-in-hand for CLTV > 65%
• Up to $1,000,000 cash-in-hand for CLTV ≤ 65% to ≥ 55%
• No cash-in-hand limit for CLTV < 55%
  ✔ Available loan terms:
• 30-year & 40-year fixed
• 5/6 ARM & 7/6 ARM options
  ✔ Only 3 months reserves required (Gift funds allowed for reserves!)
  ✔ Combination of business and personal bank statements allowed
  ✔ Mortgage history flexibility: 0x60x12, 0x30x12, 0x90x12
  ✔ Condos up to 90% CLTV & Condotels allowed
  ✔ Temporary rate buydowns available for lower payments in the first few years

No tax returns? No problem! We’ll qualify you based on your actual cash flow, making it easier for self-employed professionals, real estate investors, and business owners to get approved.

Who Can Benefit from a Bank Statement Loan in Sacramento?

A Bank Statement Loan is perfect for:

✅ Self-employed business owners & entrepreneurs
✅ Freelancers & gig economy workers (Uber, Lyft, DoorDash, etc.)
✅ 1099 contractors & consultants
✅ Real estate investors & property flippers
✅ Small business owners with major tax write-offs
✅ Borrowers with no traditional W-2 income

💡 If you earn income in non-traditional ways but have strong bank deposits, this loan could be your best path to homeownership or refinancing!

How a Bank Statement Loan Works

Instead of verifying income through tax returns and W-2s, we use your bank statements to determine your qualifying income.

Choose Your Qualification Period:
🔹 12-Month Bank Statement Option – Faster qualification, but may require a slightly higher rate.
🔹 24-Month Bank Statement Option – Offers the best rates and highest loan amounts.

How We Calculate Income:

• We analyze deposits over 12 or 24 months to determine your monthly qualifying income.
• No tax returns, W-2s, or pay stubs required!
• We accept a combination of personal and business bank statements.

Mortgage History Requirements:
✔ 0x60x12, 0x30x12, 0x90x12 allowed – More flexibility than traditional loans.

Bank Statement Loan vs. Traditional Mortgage – What’s the Difference?

✅ If traditional lenders denied you because of tax write-offs or inconsistent income, a Bank Statement Loan can be a game-changer!

Get Prequalified for a Sacramento Bank Statement Loan Today!

At New Way Mortgage, we specialize in Non-QM Bank Statement Loans to help self-employed homebuyers and investors secure financing without tax returns.

📞 Call or text us at 916-465-6639
📧 Email us at hello@newwaymortgage.com
📅 Schedule an appointment HERE

📺 Want expert mortgage tips? Subscribe to our YouTube channel at www.newwayhome.com for more!

Frequently Asked Questions (FAQs) About Sacramento Non-QM Bank Statement Loans

1. How does a Bank Statement Loan work?

Instead of using W-2s or tax returns, lenders qualify you based on your bank statement deposits over the past 3, 6, 12, or 24 months to calculate your real income. This is ideal for self-employed borrowers who write off business expenses and don’t show high taxable income.

2. Do I need a high credit score to qualify?

No! You can qualify with no credit score or a minimum FICO of 620. If your credit score is lower, you may need to provide more months of bank statements or a higher down payment.

3. How much can I borrow with a Bank Statement Loan?

You can borrow up to $4 million, depending on your bank deposits, credit, and loan-to-value (LTV) ratio.

4. What’s the minimum down payment required?

The minimum down payment is 10% (90% CLTV). However, if you choose a shorter bank statement period (3 or 6 months), a higher down payment may be required.

5. Can I use both business and personal bank statements?

Yes! We allow a combination of business and personal bank statements to determine your qualifying income.