Self-Employed Financing

Bank Statement Loans in Florida

Use 12-24 months of business or personal deposits to qualify for a competitive mortgage without traditional tax return hurdles. Louis Doherty matches entrepreneurs with flexible programs across Miami-Dade, Broward, Palm Beach, and the entire state.

  • Qualify with bank statements or 1099s — no tax returns required.
  • Jumbo financing up to $3M+ with as little as 10% down.
  • Concierge underwriting support with 48-hour pre-approvals.
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Program Snapshot

  • Loan amounts$250k - $3M+
  • Down payment10% - 20%
  • Minimum credit620 (680+ preferred)
  • Bank statements12 or 24 months
  • Income typesBusiness & personal deposits
  • Decision speed48 hr pre-approval
Why It Works

Designed for Business Owners, Consultants, and 1099 Earners

Bank statement and 1099 loans evaluate real cash flow instead of taxable income, making it easier for Florida entrepreneurs to secure financing while keeping their strategic write-offs intact.

Income by Deposits

Underwriters average your eligible deposits and apply industry multipliers to capture true earning power without diving into complex tax returns.

Business-Friendly Terms

Use personal or business accounts, mix 1099 income, and add CPA letters or P&L statements when it helps your scenario.

Faster Approvals

Louis and his team pre-underwrite files in 48 hours and coordinate with 150+ investors to lock the best fit before you write an offer.

Florida Market Expertise

Guidance tailored to coastal condos, luxury single-family homes, and investment properties from Miami to Jacksonville.

Bank Statements 12 or 24 Months

Business or personal accounts accepted; 24 months unlocks best pricing.

Max Loan-to-Value 90%

10% down available up to $1.5M with strong credit and reserves.

Cash Reserves 6-12 Months

Liquid assets or retirement accounts rolled into reserve calculations.

Closing Timeline 30-35 Days

Expedited appraisal ordering and dedicated processors keep contracts on track.

Who Bank Statement Loans Fit Best

  • Self-employed buyers with significant write-offs or seasonal income swings.
  • Commission-based professionals and real estate investors reinvesting profits.
  • 1099 earners consolidating income from multiple contracts or platforms.
  • Business owners purchasing vacation homes, move-up properties, or cash-out refinances.
W-2 optional Personal & business accounts CPA letters welcome Primary, second homes & investment

Key Approval Requirements

  • 12 or 24 consecutive months of statements with consistent eligible deposits.
  • Minimum 620 mid-score (680+ improves pricing and max LTV).
  • Debt-to-income ratios up to 50% when reserves and credit support the file.
  • Business license, CPA letter, or evidence of self-employment when required by the investor.

Documentation Checklist

  • Personal ID and proof of residency.
  • 12 or 24 months of complete bank statements (PDF).
  • Recent mortgage or rent history & homeowners insurance.
  • Business license, 1099s, or CPA-prepared P&L when applicable.
  • Asset statements for down payment, reserves, and closing costs.

How Pricing Is Determined

  • Statement type: business deposits generally receive a 50% expense factor, personal statements up to 100%.
  • Credit score tiers: every 20-point improvement can reduce rate adjustments.
  • Loan size & occupancy: primary residences enjoy the most aggressive pricing.
  • Reserves and assets: additional liquidity offsets higher DTIs and secures exception approvals.
How It Works

Simplified Process from Application to Clear to Close

Louis guides every file personally and coordinates directly with underwriting so you always know what is happening and what is needed next.

1

Discovery & Strategy Call

Review goals, property type, and income flows. Louis evaluates which investor and statement structure will deliver the best pricing.

2

Statement Analysis

Secure upload of statements, CPA letters, and credit. Team calculates qualifying income and issues a pre-underwritten approval.

3

Offer & Lock

Coordinate with your agent, lock the rate, and order appraisal and title. You receive milestone updates twice per week.

4

Closing Concierge

Final conditions cleared, closing disclosure issued, and a dedicated closer ensures funds and documents arrive on schedule.

Real Client Win

South Florida contractor purchasing a .15M Boca Raton home after being declined by a retail bank.

  • Business statements averaged /month deposits.
  • Approved with 15% down and a 6.75% fixed rate.
  • Closed in 33 days with cash-out to fund renovations.

Key Metrics

680 FICO DTI 43% 9 Months Reserves No Tax Returns

Ready to Put Your Bank Statements to Work?

Upload your documents securely and Louis will map out best-case loan structures within one business day.

Start Digital Application Email Your Scenario
FAQs

Florida Bank Statement Loan Questions

Answers to the conversations Louis has every day with self-employed buyers and investors.

Can I combine W-2 and bank statement income?
Yes. Hybrid approvals allow one borrower to qualify with bank statements while a co-borrower uses W-2 income or a 1099. The underwriting team blends both income sources to hit your target purchase price.
Do deposits from Zelle, Stripe, or Venmo count?
They do when routed through a business or personal account with a clear audit trail. Louis helps categorize transfers so only eligible revenue is averaged into your income calculation.
What if my business is less than two years old?
Startups are eligible with 12 months of statements, a business license, and proof of industry experience. Additional reserves or a co-borrower can offset the shorter history.
Are rates higher than traditional mortgages?
Rates typically run 0.50% - 2.00% above conventional loans, but many clients offset the difference by deducting more business expenses and accessing homes they could not buy otherwise.
Can I use these programs for investment properties?
Absolutely. Bank statement loans are available for primary residences, second homes, and investment properties, including short-term rentals. Underwriting may request a rent schedule for cash-flow analysis.