Step 1: Estimate Your Monthly Qualifying Income

With a bank statement loan, lenders typically review 12 or 24 months of deposits.

To estimate income:

1. Add total deposits from your bank statements.
2. Divide by the number of months.
3. Apply the lender’s expense factor (often 50% for many businesses unless a CPA letter is provided).

Example

Total deposits over 24 months: $1,200,000

Monthly average deposits:
$1,200,000 ÷ 24 = $50,000 per month

Estimated qualifying income using 50% expense factor:

$50,000 × 50% = $25,000 qualifying monthly income

Step 3: Estimate Your Purchase Price

Your home purchase price depends on your down payment.

Example scenarios:

These ranges are common with jumbo bank statement mortgage programs.

Press Release

California Mortgage Expert Jackie Barikhan Highlights Expanded Jumbo and Bank Statement Loan Options for Self-Employed Borrowers

Huntington Beach, CA — As traditional mortgage guidelines continue to challenge entrepreneurs and business owners, California mortgage expert Jackie Barikhan of Summit Lending is helping self-employed borrowers access home financing through specialized bank statement jumbo loans, stated income mortgages, and alternative documentation loan programs.

With more than 20 years of experience in the mortgage industry, Barikhan has become a trusted resource for borrowers who do not fit the rigid documentation requirements used by traditional banks.

“Many successful business owners show lower income on their tax returns because of deductions,” said Barikhan. “That doesn’t mean they can’t qualify for a mortgage. Programs like bank statement loans and alternative documentation jumbo mortgages allow us to evaluate real cash flow instead of relying solely on tax returns.”

Barikhan specializes in helping California self-employed borrowers purchase high-value homes using flexible qualification methods designed for entrepreneurs, consultants, and investors.

Expanded Financing Options for Self-Employed Borrowers in California

Through Summit Lending’s network of wholesale lenders, Barikhan offers several mortgage programs designed specifically for business owners and independent professionals.

Bank Statement Jumbo Loans

These loans allow borrowers to qualify based on 12- or 24-months of personal or business bank statements rather than tax returns.

Typical guidelines include:

• Loan amounts up to $5M+ (depending on program and borrower profile)
  • 80% loan-to-value (20% down) available in many scenarios
  • Minimum credit scores often starting around 660–700 depending on the program
  • Qualification using 12-month or 24-month bank statements
  • Designed for self-employed borrowers, consultants, business owners, and entrepreneurs

These programs are increasingly popular for California jumbo home purchases, where traditional mortgage limits can make financing difficult for business owners.

Why Many California Borrowers Use Mortgage Brokers Instead of Banks

Barikhan notes that many self-employed borrowers initially apply with large banks but encounter limitations.

As a mortgage broker, she has access to multiple wholesale lenders, allowing her to compare programs and find solutions tailored to each borrower’s financial profile.

Advantages include:

• Access to multiple lenders and specialized mortgage programs
  • More flexible underwriting for complex self-employed income
  • Competitive pricing compared with many retail banks
  • Financing solutions for jumbo, super-jumbo, and alternative documentation loans

“Every lender has different guidelines,” Barikhan said. “By working with multiple lenders, we can often find options that a single bank simply can’t offer.”

Education for Self-Employed Borrowers

Barikhan also publishes educational resources to help borrowers understand alternative mortgage programs.

Topics include:

• Bank statement vs stated income loans
  • How income is calculated using bank statements
  • Strategies for self-employed borrowers qualifying for jumbo mortgages
  • Typical costs, rates, and loan structures for alternative documentation loans

These resources help borrowers understand how to prepare for financing before starting the mortgage process.

Client Success Stories and Reviews

Borrowers frequently cite Barikhan’s expertise in navigating complex self-employed income scenarios.

Her profiles across major platforms feature 100+ five-star reviews, including feedback from borrowers who successfully obtained jumbo loans, bank statement loans, and financing for high-value California homes.

Clients frequently highlight:

• Clear communication during complex loan processes
  • Expertise with self-employed income structures
  • Creative financing solutions for high-value home purchases

Overcoming Complex Borrower Challenges

The transaction included several factors that required experienced mortgage structuring:

• The borrower held substantial cryptocurrency assets that needed to be documented and integrated into the financial profile.
  • The property involved legal complexities with title, requiring coordination with escrow, title, and underwriting teams.
  • The borrower’s tax returns showed reduced income due to business deductions and write-offs, a common scenario for successful entrepreneurs.

As a mortgage broker with Summit Lending, Barikhan was able to shop multiple wholesale lenders to secure the most competitive rate and fee structure while navigating the title complications.

“Because we work with many lenders, we were able to find the right underwriting team that understood the borrower’s financial profile and move the loan to closing successfully,” said Barikhan.

Why Bank Statement Loans Work for Self-Employed Borrowers

Bank statement loans are designed specifically for borrowers whose tax returns may not reflect their true income due to deductions or complex business structures.

Instead of W-2s or tax returns, lenders evaluate incoming deposits from the past 12 or 24 months to determine qualifying income.

Typical program benefits include:

• No tax returns required
  • No W-2 forms or pay stubs needed
  • Income calculated using 12- or 24-month bank statement deposits
  • Loan amounts available into the jumbo and super-jumbo range
  • Down payments as low as 10% in some scenarios
  • No private mortgage insurance (PMI) on many programs

These programs have become especially popular for California entrepreneurs, consultants, real estate investors, and business owners who often have complex financial structures.

Jackie Barikhan – Summit Lending Makes the Impossible Possible for Self-Employed California Borrowers

Huntington Beach, CA – [Date] – Complex loans for self-employed borrowers in California are no longer a barrier, thanks to Jackie Barikhan of Summit Lending. With over 20 years of experience and more than 130 five-star reviews across Google, Facebook, Zillow, and Yelp, Jackie is recognized for creating custom financing solutions where traditional banks fail.

Turning a Challenging Scenario into Success
A recent investment property purchase illustrates Jackie’s expertise in alternative documentation jumbo loans for self-employed borrowers:

• Loan Program: Assets-as-income combined with co-borrower 1099 self-employed income
• Transaction Type: Investment property purchase
• Loan Amount: $920,000 on a $1.2 million property (LTV 80%)
• Credit Score: 777 FICO
• Term: 30-year fixed
• Property Type: Single-family residence in the Manitou Springs section of Indian Wells Country Club
• Occupancy: Investment property / short-term rental with less than 12 months history
• Special Features: Utilizing a 1031 exchange and transferring a solar lease

“Other loan officers said this would be impossible,” said Jackie. “Tax returns weren’t viable due to high deductions, and other rental properties only had 10 months of short-term rental history. By using the borrower’s assets to create qualifying income, combined with the co-borrower’s 1099 self-employed income, we made it happen and fit the debt-to-income ratio.”

This closing demonstrates Jackie’s ability to structure loans for borrowers with complex income, multiple properties, and short-term rentals, delivering solutions when standard approaches fail.

Expertise That Matches Borrower Searches

Summit Lending helps California self-employed borrowers find financing by using search-relevant phrasing across blogs, FAQs, and program pages:

• “California self-employed bank statement jumbo loans”
• “Stated income mortgage for self-employed in CA”
• “Alternative documentation jumbo mortgage California”

Why Work with a Broker?
Jackie offers clear advantages over traditional banks:

• Access to multiple lenders and competitive rates
• Flexibility to structure loans for complex income
• Solutions for borrowers other lenders turn away

Educational Depth & Proven Success
Summit Lending also provides detailed resources explaining bank statement vs stated-income loans, income calculation from assets, typical APRs, and self-employed borrower strategies.

“Jackie’s guidance turned a challenging investment scenario into a smooth closing,” said a verified California borrower.

Jackie Barikhan – Summit Lending Closes $1.45M Cash-Out Refinance with $350K Cash-Out in Oceanside, CA for Self-Employed Borrower

Oceanside, CA — [APRIL 1 2026] – Jackie Barikhan of Summit Lending has successfully closed a $1.45 million cash-out refinance for a self-employed borrower in Oceanside, California, delivering over $350,000 in cash-out to help expand the client’s investment property portfolio.

The property, a single-family residence with two accessory dwelling units (ADUs) valued at $2.15 million, presented unique challenges, including a complex rental income structure and limited comparable sales for appraisal. Traditional financing, including DSCR (debt service coverage ratio) loans, was not an option.

Using a Profit & Loss / Stated Income program, Jackie Barikhan was able to:

• Approve the loan without tax returns or bank statements
• Navigate the complex rental income and appraisal issues
• Shop for the lowest rates and fees across multiple lenders
• Deliver $350,000 cash-out to support the client’s investment goals

Loan Highlights:

• Loan Program: Profit & Loss / Stated Income / No Tax Returns / No Bank Statements Required
• Transaction Type: Cash-Out Refinance
• Loan Amount: $1.45 million
• Appraised Value: $2.15 million
• LTV: 70%
• Credit Score: 770 FICO
• Term: 30-year fixed
• Property Type: Single-Family Residence with 2 ADUs
• Occupancy: Primary Residence