Mortgages with Bank Statements
Qualify with personal or business bank statements—ideal for self-employed Californians, freelancers, and independent earners.
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Bank Statement Mortgage: Qualify Without Tax Returns
At New Omni Bank, we know traditional paperwork like W-2s and tax returns doesn’t reflect how every business owner earns. That’s why we offer an asset-based mortgage — ideal for freelancers, 1099 earners, and small business owners who prefer to qualify using bank deposits instead of tax returns.
With 12–24 months of personal or business bank statements, you can qualify for a mortgage without W-2s or 1040s — a flexible path to homeownership for self-employed borrowers across California.
Who This Mortgage Is For
Self-employed professionals, freelancers, and gig workers
1099 contractors, sole proprietors, and LLC owners
Borrowers without W-2s or who choose not to use tax returns
Foreign nationals or non-permanent residents with U.S. entry
California buyers in Los Angeles, Irvine, and the Bay Area
What You’ll Need
You’ll typically need the following:
- 12–24 months of personal or business bank statements
- Proof of consistent deposits
- Business license or self-employment documentation
Eligible Loan Programs
Asset-Based Mortgage
- U.S. Citizen, Permanent Resident, Non-Permanent Resident (with SSN), and Foreign National
- No 1040s or W-2s required
- Qualify with bank deposits
- Primary, second home, or investment
Why Borrowers Choose New Omni Bank
- No tax returns or traditional income docs required
- Tailored for business owners, freelancers, and independent contractors
- Personalized support from bilingual Relationship Bankers
- Local expertise in California’s competitive housing markets
- In-house underwriting for faster closings
Ready to take the next step toward your new home?
Talk to a mortgage specialist today to explore your best financing options.
Explore our step-by-step guide for international and first-time U.S. homebuyers.
Frequently Asked Questions About Asset-Based Mortgages
1. What is an asset-based mortgage?
An asset-based mortgage is a type of home loan for self-employed borrowers who want to qualify without W-2s or tax returns. Instead, lenders review 12–24 months of business or personal bank statements to evaluate income.
2. Who qualifies for an asset-based mortgage?
This loan is ideal for freelancers, gig workers, small business owners, LLCs, and 1099 earners — anyone with consistent bank deposits but non-traditional income documentation.
3. Do I need personal or business bank statements?
You can use either. Business bank statements are often preferred for LLCs and incorporated businesses, while personal statements may work for sole proprietors or independent contractors.
4. How many months of statements do I need?
Most programs require 12–24 consecutive months of bank statements showing regular income deposits. More months may help you qualify for a larger loan.
5. Can I qualify for a mortgage without tax returns?
Yes. An asset-based mortgage allows you to skip 1040s, W-2s, and traditional income documents. It’s a great fit for those with strong cash flow but complex or seasonal earnings.
Explore Other Mortgage Paths
Not sure if this is the right fit? We offer other mortgage programs based on how you earn or qualify:
Global & Asset-Based Borrowers
Flexible options for foreign nationals or clients with non-U.S. income.
Self-Employed Borrowers
Use CPA-prepared P&Ls or employer verification instead of tax returns.
Home Equity Line of Credit (HELOC)
Tap your equity for liquidity, renovations, or investment.
Explore All Home Loan Paths
From salaried to global buyers — explore everything we offer.
Get in Touch.
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