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Westpark Loans
6789 Quail Hill Pkwy #146
Irvine, CA 92603
p: 844-574-LOAN (5626)
e: info@westparkloans.com


Bank Statement Loans

For California Homes Only


Due to the COVID-19 pandemic, banks are temporarily not funding bank statement loans. Submit the Quick Quote form and we will get back to you as soon as banks start lending this product again. In the meantime, see our other loans as those products are currently being funded!


Bank Statement Loans allow a self-employed borrower to use the average monthly deposits in his or her business and/or personal bank account – instead of traditional income sources such as pay stubs and tax returns – to demonstrate his or her ability to afford timely mortgage payments.  The program is ideal for self-employed borrowers who – due to substantial business write-offs – cannot qualify for a loan using tax returns for income verification.


Who Would Benefit from a Bank Statement Loan?

Bank Statement Loans are ideal for self-employed individuals and small business owners who cannot provide adequate income documentation in the forms of paystubs, W-2s and/or income tax returns but who can show sufficient deposits in their business and/or personal bank statements.


How It Works

With a Bank Statement Loan, your income is calculated by adding up all the deposits in your business and/or personal account for either a 12 or 24-month period, and then dividing the total by the same number of months.  Any transfers between accounts are not considered.  This method is very effective for business owners because it allows their income to be calculated based on gross deposits for the business rather than on profit or personal income.


Program Highlights

  • 5/1, 7/1 and 30 year terms available
  • Interest only option available
  • Cash-out option available


General Requirements

  • Business in operation for at least 24 months
  • Minimum of $100,000 in revenue per calendar year


As an example, a small business owner with 12 months’ bank statements showing a total of $240,000 in deposits would be able to use $20,000 as his or her qualifying income.


Getting Started

To help you determine if a Bank Statement Loan is right for you, please contact one of our licensed Loan Specialists by calling us directly at 844-574-LOAN (5626), by submitting the form on the right or by completing an application directly on our website.



i. Loans are not available in all states; Westpark Loans only brokers loans in California.

ii. Rates are subject to change daily and throughout the day without notice.

iii. Neither this website nor its parent company is a lender.

iv. The rates and payments shown do not factor in all your information. Your specific situation may warrant a higher rate and payment based on credit history, income, and many other factors. Speak to one of our mortgage professionals to get personalized rate and monthly payment quotes.

v. Credit may exceed the fair market value of the dwelling. Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.

vi. Stated Income products may have a higher interest rate, more points, or more fees than other products requiring documentation.


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"I knew the refi of my investment property was not going to be easy. Being self employed, I was relying on an alternate document / stated income loan with a bit of mess on my credit report. I liked that WEG made sure my refi had a good chance of success before they did the appraisals and other inquiries on my credit. In other words, if the deal fell through, my credit wouldn't take a hit and I did not lose money on unnecessary work. Anthony, in particular, was great from the very beginning, giving me updates first thing in the morning which gave me all day to produce additional documentation as needed. Annette and others worked very hard to get the job done and I have faith that they can perform miracles. Kudos to all of them at WEG."

Roger Lee
Google Review