I’m Michael DiVita — DRE #01372066 | NMLS #241655, DiVita Home Finance (DRE #01818285 | NMLS #323700), Tiburon, CA. I’ve been in California mortgage lending since 2000 and founded DiVita Home Finance in 2007. Bank statement loans for Bay Area self-employed buyers are one of my highest-volume programs — I know which lenders move fast and fund at the price points this market requires. Call (800) 239-1103.
The San Francisco Bay Area presents a unique mortgage challenge: home prices regularly exceed $1 million, $2 million, even $3 million — and many of the highest-earning residents are self-employed business owners, tech contractors, freelancers, and consultants whose tax returns dramatically understate their real income. Bank statement loans were practically built for the Bay Area self-employed borrower.
Why Bank Statement Loans Are Essential in the Bay Area
The 2026 conforming loan limit is $1,249,125 in San Francisco, Marin, and San Mateo counties, and $1,209,750 in Alameda, Contra Costa, and Santa Clara counties. Most Bay Area purchases exceed these limits and require jumbo financing. Conventional jumbo lenders apply strict income verification — which means your Schedule C write-offs work directly against you. Non-QM bank statement lenders have no conforming ceiling. They regularly fund Bay Area mortgages at $1.5M, $2M, $3M and above, qualifying entirely on your 12 or 24-month deposit history with no tax return requirement.
How Bay Area Bank Statement Loans Work
The lender collects 12 or 24 months of your business or personal bank statements. They calculate average monthly deposits, apply an expense factor (typically 50% for business accounts, 100% for personal), and use the resulting monthly income for qualification. Your write-offs are irrelevant because your tax return is never reviewed. Example: a Marin County marketing agency owner deposits an average of $45,000/month into her business account over 24 months. At a 50% expense factor, qualifying income is $22,500/month ($270,000 annually). At a 43% DTI, that supports a monthly payment of approximately $9,675 — enough to service a $1.25M+ mortgage at current rates.
Bay Area Coverage
I originate bank statement loans across the entire Bay Area: Marin County (Mill Valley, Tiburon, Sausalito, San Rafael, Greenbrae, Kentfield, Ross, Belvedere), San Francisco (all neighborhoods, high-value condo and SFR), East Bay (Berkeley, Oakland, Walnut Creek, Danville, Lamorinda), the Peninsula (Palo Alto, Menlo Park, Los Altos, Atherton, San Mateo), South Bay (Saratoga, Los Gatos, Cupertino, San Jose), and Sonoma County (Santa Rosa, Healdsburg, Sebastopol, Petaluma).
Frequently Asked Questions — Bank Statement Loan Bay Area
What is the maximum loan amount available on a Bay Area bank statement loan?
Most bank statement lenders I work with offer loan amounts up to $3 million, with some programs available above $3M for high-credit-score borrowers with strong deposits and reserves. At the $2M–$3M range — which covers a significant portion of Marin, SF, and Peninsula purchases — bank statement programs are well-established and competitive. Above $3M, options narrow and program requirements tighten, but I have access to portfolio lenders who fund larger amounts on a case-by-case basis for borrowers with exceptional profiles.
How do bank statement lenders calculate income for Bay Area self-employed borrowers?
Most programs use either 12 or 24 months of bank statements (you choose, or the lender may require 24 for larger loan amounts). For business accounts, lenders typically apply a 50% expense factor — so if you deposited $600,000 over 12 months, qualifying income is $300,000 ($25,000/month). For personal accounts where business expenses flow through, the factor may be higher. Some lenders allow a CPA letter to document a higher expense ratio if your actual business expenses are lower than 50% of revenue — resulting in higher qualifying income. I review your specific deposit pattern and recommend the statement period and account combination that maximizes your qualifying income.
How long does it take to close a bank statement loan in the Bay Area?
21–30 days from application to close is typical for a well-prepared bank statement loan in the Bay Area. Non-QM lenders who specialize in bank statement programs make their own underwriting decisions in-house rather than routing through automated systems — which can actually make them faster than conventional banks on complex self-employed files. A strong pre-approval with full document review takes 24–48 hours once your bank statements and supporting documents are submitted. Bay Area sellers and listing agents are familiar with non-QM financing — a clearly written pre-approval that specifies the program and lender moves as well as a conventional letter in this market.
Related: Self-employed mortgage hub | Bank statement loans California | Marin County mortgage
Talk to Michael Directly
DiVita Home Finance | Tiburon, CA | In lending since 2000, founded DiVita Home Finance in 2007. Michael DiVita DRE #01372066 | NMLS #241655. Company DRE #01818285 | NMLS #323700.
💬 Text: (310) 849-9124
