Bank statement loans for the self-employed
Bank Statement Loan in Florida
If your tax returns understate what you actually earn, a bank statement loan qualifies you on 12 or 24 months of deposits instead. Built for Florida business owners, 1099 earners and commission income. Answer a few questions and a licensed loan officer will review it.
- Licensed Florida mortgage broker · NMLS# 1859012
- Non-QM, DSCR and bank statement specialists
- No tax returns required on these programs
- A licensed loan officer replies, not a call center
Step 1 of 617%
How are you paid?
It decides whether personal or business statements document the file.
What this program does
No tax returns, no 4506-C
Deposits document the income instead of returns and transcripts.
Write-offs stop counting against you
The deductions that lower your taxable income do not lower your qualifying income here.
Personal or business statements
Whichever account the money actually lands in.
Purchase, refinance or cash-out
The program is not limited to buying.
Common questions
- How many months of statements?
- Usually 12 or 24, depending on the lender and the file. Twelve months is common and twenty-four can improve terms on some programs.
- Personal or business accounts?
- Either. Business statements normally have an expense factor applied, which is one of the things the first call works out.
- Is this a no-doc loan?
- No. Income is fully documented, just with deposits instead of tax returns. Assets, identity and the property are verified as usual.
- What if I have both W2 and 1099 income?
- That is common and workable. Bring both; the loan officer will tell you which documentation path is stronger for your file.
Want the long version? Read the full bank statement / self-employed guide.