San Diego Bank Statement Loans
San Diego’s economy is built on biotech/life sciences (Torrey Pines, Sorrento Valley), defense contracting, military/veteran business owners, action-sports and surf industry, craft brewing, and a rapidly growing tech sector. Many of San Diego’s highest earners are self-employed consultants, founders, 1099 contractors, and small business owners whose tax returns understate actual income due to legitimate business deductions.
Bank statement loans solve this. Qualify using 12 or 24 months of bank deposits instead of tax returns.
Check SD Bank Statement Eligibility Talk to an SD Loan Specialist — (833) 350-9185Who Uses Bank Statement Loans in San Diego
Biotech/life sciences consultants. Sorrento Valley, Torrey Pines, and UTC host dense biotech clusters. Consultants, regulatory specialists, and scientific advisors often work 1099 or through small LLCs.
Defense + military contractors. San Diego hosts one of the largest military populations in the country, with significant downstream defense contracting. Many retired military personnel and their spouses start consulting firms post-service.
Real estate professionals. Top SD agents in La Jolla, Coronado, North County coastal, and Downtown produce strong commissions, but returns understate income due to business expenses.
Small business owners. Restaurants, breweries, surf/lifestyle brands, medical practices, law firms. San Diego’s small-business density is high.
Tech founders + employees. SD’s growing tech scene (Qualcomm alumni, biotech-tech hybrids, SaaS startups) has produced founders and early employees with complex compensation.
Freelancers and creatives. Photographers, videographers, designers — SD’s lifestyle economy supports a large creative freelance population.
How Bank Statement Loans Work in SD
- 12 or 24 months of personal or business bank statements
- Lender calculates average monthly deposits to determine qualifying income
- Business statements typically get a 50% expense factor (CPA letter can reduce)
- Personal statements typically use 100% of deposits
- No tax returns, W-2s, 1040s, or pay stubs required
- Standard appraisal, title, and closing — typical 21-30 days
SD Bank Statement Loan Requirements
- Credit score: 620 minimum; 700+ for best pricing
- Down payment: 10% minimum (primary); 20-25% investment
- Self-employment: 2+ years in the same business
- Loan amounts: Up to $3 million+ (jumbo bank statement for SD’s high-cost markets)
- Property types: SFR, condo, townhome, 2-4 unit
- Occupancy: Primary, second home, investment
- LLC vesting available for investment properties
SD Neighborhoods We Serve
- Coastal: La Jolla, Del Mar, Solana Beach, Encinitas, Cardiff, Leucadia, Carlsbad, Coronado, Pacific Beach, Mission Beach, Ocean Beach, Point Loma
- Central/urban: Downtown, Little Italy, North Park, South Park, Hillcrest, University Heights, Mission Hills, Bankers Hill
- Mid-city + North: Kearny Mesa, Mira Mesa, UTC, Clairemont, Scripps Ranch, Carmel Valley, Torrey Hills, Rancho Peñasquitos
- East + inland: La Mesa, El Cajon, Santee, Rancho San Diego, Lemon Grove, Chula Vista, Bonita, Eastlake
- North County inland: Escondido, San Marcos, Vista, Oceanside, Rancho Bernardo, Poway, Ramona
Jumbo Bank Statement for SD’s High-Cost Markets
La Jolla, Del Mar, Rancho Santa Fe, Coronado, and Carmel Valley routinely push into jumbo territory. Jumbo bank statement programs accommodate:
- 680+ FICO
- 15-20% down payment
- 12 or 24 months of bank statements
- Loans up to $3M+
- Primary, second home, or investment
For San Diego’s premium coastal markets, jumbo bank statement is often the only practical path for self-employed buyers.
Frequently Asked Questions
Get Started
Self-employed in San Diego and ready to finance a home? Call (833) 350-9185 or check bank statement loan eligibility .
See also: California Bank Statement Loans · SD DSCR Loans · Main Bank Statement Hub · 12-Month Bank Statement Program
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Talk to a licensed loan officer about your options — no obligation.