Self-Employed Mortgage in Bakersfield, CA
Bank statement loans, 1099 programs, and DSCR investor financing for Bakersfield business owners, contractors, and investors. No tax return required for bank statement borrowers. Dan shops 100+ lenders.
The Self-Employed Mortgage Problem
Self-employed borrowers are turned down by banks every day, not because they can't afford the home, but because their tax returns show lower income than they actually earn. Business deductions, depreciation, and write-offs reduce taxable income, which is exactly what they're designed to do. But those same deductions make lenders think you earn less than you do. Bank statement loans solve this by looking at what actually lands in your account.
Self-Employed Loan Programs Available in Bakersfield
Bank Statement Loan
Uses 12 or 24 months of bank statements instead of tax returns. Personal or business accounts accepted. Best for business owners with strong cash flow but significant write-offs.
1099 Income Loan
Uses 1099 forms directly to calculate income. Avoids the Schedule C deduction problem. Best for freelancers, independent contractors, and gig workers.
DSCR Investor Loan
No personal income required. The investment property's rental income qualifies the loan. Best for real estate investors in Bakersfield with complex or hard-to-document income.
Who Dan Helps in Bakersfield
Business Owners
LLC, S-Corp, sole proprietors. Tax returns show heavy deductions but bank deposits tell the real income story.
1099 Contractors
Freelancers, consultants, gig economy workers. 1099 loan uses forms directly, skips Schedule C deductions.
Real Estate Investors
Multiple properties, complex income, paper losses from depreciation. DSCR lets the property qualify itself.
Commission-Only Earners
High earners with variable income. 2-year average is used for conventional, bank statements show the real trend.
How the Bank Statement Loan Process Works
Collect 12 or 24 Months of Bank Statements
Personal or business account statements. Dan reviews them to determine which account and time period produces the strongest qualifying income.
Calculate Average Monthly Deposits
Personal bank statements: 100% of deposits are counted. Business bank statements: 50-75% expense factor applied to arrive at net income. Dan runs both calculations.
Income Used to Qualify for the Loan
The average monthly deposit number becomes your qualifying income. Dan then calculates your maximum loan amount, runs debt-to-income, and issues a pre-approval letter.
Dan Shops 100+ Lenders for Best Rate
Bank statement programs vary significantly in rate and terms across lenders. Dan submits your profile to multiple non-QM lenders and presents the best option.
Close in Standard 21-30 Day Timeline
Bank statement loans close in the same timeframe as conventional loans. No additional delay compared to traditional mortgage financing.
Dan's Take on Self-Employed Lending in Bakersfield
The most common thing I hear from self-employed Bakersfield buyers is: “My CPA says I only made $60,000 last year.” Then I look at their bank statements and see $18,000 a month going in. Those two numbers aren't contradictory. The CPA is doing their job. But the tax return cannot be the only way to document income for a mortgage.
Bank statement loans exist for exactly this reason. I've had business owners in Bakersfield qualify for $500,000+ using bank statements when a traditional lender had told them they couldn't qualify for $200,000. The bank was using the tax return. I use the bank statements.
If you've been told no by a bank, call me before you give up.
Dan Ardis, NMLS# 1412272 | Barrett Financial Group
Self-Employed Mortgage Questions, Answered
Related Resources for Bakersfield Borrowers
Self-Employed in Bakersfield? Let's Find Your Path.
Bank statement, 1099, and DSCR programs available. If a bank said no, call Dan before you give up. Free consultation, (661) 342-9381.