Self-Employed Mortgage Loans in Boca Raton, Florida - Bank Statement Programs

Looking for self-employed mortgage florida in Boca Raton? Boca Raton's reputation for luxury living, excellent schools, and golf communities attracts affluent homebuyers. The market ranges from luxury condos to multimillion-dollar estates. Our self-employed mortgage florida programs are designed specifically for Boca Raton homebuyers in Palm Beach County, offering competitive rates and expert local guidance.

Why Choose Self-employed mortgage in Boca Raton?

Boca Raton's real estate market in Palm Beach County offers unique opportunities for homebuyers. With a median home price of $$575,000, our self-employed mortgage florida programs help make homeownership accessible.

1. Qualify using bank statements instead of tax returns - using bank statements instead of tax returns
2. 12 or 24-month bank statement options - or 24-month bank statement options
3. 1099-only programs for contractors and freelancers - programs for contractors and freelancers
4. P&L-only options with CPA letter - options with CPA letter
5. Higher loan amounts than traditional qualification - loan amounts than traditional qualification
6. Expertise working with self-employed borrowers - working with self-employed borrowers

Self-employed mortgage Requirements in Boca Raton

Understanding eligibility requirements helps Boca Raton homebuyers prepare for success. Here's what you need to qualify in Palm Beach County:

| Requirement | Details | |-------------|---------| | Min Credit Score | 600-640+ (varies by program) | | Down Payment | 10-20% minimum for most programs | | Debt To Income | Calculated using bank deposits (with expense factor) | | Business History | 12-24 months self-employment | | Documentation | Bank statements or 1099s or CPA P&L |

These requirements apply to Boca Raton and throughout Palm Beach County. Your individual situation may qualify for exceptions or special programs.

Required Documents for Boca Raton Homebuyers

When applying for self-employed mortgage florida in Boca Raton, you'll need to provide:

1. 12 or 24 months personal and/or business bank statements
2. 2 years personal tax returns (most programs)
3. Business license and articles of incorporation
4. Proof of business ownership (25%+)
5. YTD profit & loss statement
6. CPA letter (for some programs)
7. Personal bank statements
8. Photo identification

Boca Raton Self-employed Loan Timeline

Here's what to expect when getting self-employed mortgage florida in Boca Raton:

| Stage | Timeline | |-------|----------| | Pre Qualification | 48-72 hours | | Processing | 14-21 days | | Underwriting | 7-14 days | | Closing | 35-50 days total |

Timeline may vary for Boca Raton properties based on market conditions in Palm Beach County. We work efficiently to meet your deadlines.

Current Self-employed Rates in Boca Raton

Non-QM and bank statement loan rates are typically higher than traditional mortgages. Rate depends on credit, down payment, and program type.

Boca Raton homebuyers should contact us for current rates specific to their situation in Palm Beach County. Rates change daily based on market conditions.

Boca Raton Real Estate Market Insights

Our local expertise in Boca Raton and Palm Beach County helps you navigate the market and secure the best self-employed mortgage florida terms for your situation.