Self-Employed Mortgage in Florida

The self-employed mortgage problem

Self-employed borrowers often can't qualify for traditional mortgages because tax return income is reduced by legitimate business deductions. A business owner making $150,000 might show $60,000 on their return after write-offs. Traditional lenders use the $60,000 — we use the $150,000.

Our self-employed loan programs

• Bank statement loans — 12-24 months of bank deposits replace tax returns
• 1099 income programs — for contractors with 1099 income instead of W-2s
• Asset depletion loans — use your investment portfolio or savings as income
• P&L statement loans — profit and loss statement prepared by a CPA
• Conventional with two years of returns — if your return income is sufficient

What you'll need

• 12-24 months of business or personal bank statements
• Business license or CPA letter confirming self-employment
• 2 months of personal bank statements for assets/reserves
• Credit score 660+ (bank statement) or 620+ (conventional with returns)