Bank statement loans qualify self-employed borrowers on 12-24 months of business or personal bank deposits. Ideal when your tax returns understate your true cash flow. Here is how the program works specifically for buyers, owners, and investors in San Francisco and the rest of San Francisco County.
$1,209,750 (2026 high-balance conforming)
≈ $1.35M
12 or 24 months of statements
10-20%
San Francisco is a condo-heavy, jumbo-dominant market. HOA financials, project warrantability, and non-warrantable condo lenders make lender selection the single biggest factor in whether a loan closes on time.
A general contractor whose tax returns showed $71,000 of net income while the business banked far more.
Qualifying income was roughly five times what the tax returns supported, which turned a conventional decline into an approval.
A solo consultant paid into a personal account, with no business entity and clean deposit history.
Personal-account programs count deposits at full value, so the qualifying income was materially higher than a business-account structure would have produced.
Examples are illustrative composites of typical files, not offers of credit or guarantees of terms.
Noe Valley, Pacific Heights, Mission, Sunset, Richmond, Bernal Heights, SoMa, Marina
Full San Francisco market pageYes. Bank Statement Loans are available throughout San Francisco County. Self-employed loans qualified on deposits, not tax returns. Mark compares pricing across 80+ wholesale lenders and picks the one whose guidelines fit San Francisco property types and your file.
$1,209,750 (2026 high-balance conforming). Above that amount the file is priced as a jumbo or portfolio loan, which changes reserve and documentation requirements.
Most purchases close in 21 to 30 days, and rush files have closed faster when the appraisal and insurance are ordered on day one. Local considerations here: Condo warrantability reviews, HOA reserve requirements, TIC vs. condo financing.
For business accounts, we add total qualifying deposits and multiply by an expense factor (usually 50%, sometimes 25-75% based on CPA letter). Divide by 12 or 24 for monthly qualifying income.
No. Underwriters strip internal transfers, loan proceeds, and other non-business deposits before calculating income.
Mark Dankman, NMLS #251068, 925.934.6600, mail@resourcehomeloan.com