Florida Loan Program
Bank Statement Loans
Flexible qualifying for self-employed borrowers.
Tax returns don't always tell the true story of a self-employed borrower's income — and for many Florida business owners, freelancers, contractors, and 1099 workers, those returns can actually make it harder to qualify for a mortgage because of legitimate deductions and depreciation.
A bank statement loan solves that problem. Instead of basing qualification on your tax return, the lender looks at 12 to 24 months of personal or business bank statements and calculates an average monthly deposit figure as your qualifying income. If your bank account reflects a healthy, stable cash flow, you can qualify — even if your tax return shows a much lower number.
This program is built for the real Florida economy: the contractor whose business is thriving but writes off equipment, the real estate agent paid on irregular commission, the consultant with multiple 1099 clients, the restaurant owner reinvesting in growth. We understand that income doesn't always fit neatly on a W-2 — and we have programs that prove it.
Who This Loan Is For
- Self-employed business owners with deductible income
- Freelancers, contractors, and 1099 workers
- Borrowers whose tax returns understate their real cash flow
- Real estate and commission-based professionals
- Anyone who can't qualify on traditional W-2 income alone
Basic Requirements
- 12-24 months of personal or business bank statements
- Stable, consistent monthly deposits showing income
- Down payment typically 10-20%
- Acceptable credit profile
- Self-employed for at least 2 years (in most cases)
Key Benefits
- No tax returns required for qualification
- Use 12-24 months of bank deposits as income
- Ideal for freelancers, contractors, and business owners
- Competitive rates for non-traditional income earners