Florida bank statement loans for self-employed.
Self-employed borrowers with strong cash flow but complex tax returns can qualify using 12–24 months of bank deposits — no W-2, no tax returns required.
Your deposits prove your income.
Bank statement loans are a non-QM product designed for self-employed borrowers who write off significant business expenses — reducing taxable income on paper while maintaining strong cash flow. Lenders average 12 or 24 months of deposits to determine qualifying income, ignoring tax returns entirely.
How Income Is Calculated
Business bank statements use a lower expense factor (typically 50%). Personal accounts are assessed at a fixed 50% expense ratio. Exact factors vary by lender.
Who Qualifies — Ideal Borrower Profile
Business owners, freelancers, consultants, real estate investors, 1099 contractors, and high-net-worth individuals whose tax returns don't reflect actual earnings. Common in South Florida's entrepreneur-dense market.
12 vs 24 Month Options
12-month programs average the most recent year of deposits. 24-month programs average two years. If your income grew recently, 12-month may produce a higher qualifying figure. If it's consistent, 24-month may provide a lower rate.
Down Payment Requirements
Typically 10–20% down depending on loan amount and credit score. 640 credit score allows 10% down on some programs. 680+ earns better rate tiers and lower down payment requirements.
Loan Amounts — Up to $3M+
Bank statement loans can fund purchases well into the jumbo range — $806,501 to $3M+ depending on the lender. No conforming loan limit applies since these are portfolio products.
Rate vs Conventional
Expect 0.5–1.0% higher than comparable conventional rates. The trade-off is access to financing that conventional and FHA programs categorically deny. For many self-employed buyers, it's the only option.
Entity Vesting and LLCs
Bank statement loans can be originated in an LLC or personal name. Investors who prefer entity-based ownership for liability protection find this product pairs well with that structure.
What Documents Are Required
- →12 or 24 months of personal or business bank statements
- →CPA letter or business license confirming 2+ years self-employment
- →Credit report (640+ FICO minimum)
- →Property appraisal (ordered after application)
- →Proof of business ownership (articles of incorporation, DBA)
Equal Housing Lender. Bank statement loans are non-QM products and not subject to standard QM guidelines. Not a commitment to lend. NMLS# 1859012. Licensed in Florida.
Self-employed? Let your deposits do the work.
Send 12 months of statements. We’ll calculate your qualifying income and have a pre-approval within 24 hours.
Get Bank Statement Pre-Approval