Bank Statement Loans in Florida

How bank statement loans work

Traditional mortgages use tax returns to verify income. But self-employed borrowers often show low income on tax returns because of legitimate business deductions. Bank statement loans use your actual cash flow — the deposits into your business or personal accounts — to qualify you instead.

• 12 or 24 months of bank statements — personal or business accounts
• No tax returns required — we use deposit history, not AGI
• 10-20% down — depending on credit score and loan type
• Credit score from 660 — higher scores get better rates
• Purchase or refinance — primary, second home, or investment
• Debt-to-income calculated from deposits — typically 50% of monthly deposits

Who benefits from bank statement loans?

• Business owners with significant tax write-offs
• Freelancers and gig workers (Uber, DoorDash, consulting)
• Real estate investors with complex returns
• 1099 contractors
• Anyone whose tax returns don't reflect their real income