Self-Employed Mortgage Loans in Jacksonville, Florida - Bank Statement Programs
As an experienced mortgage loan officer serving Jacksonville and Duval County, I specialize in self-employed mortgage florida for local homebuyers. Whether you're considering homes in Riverside, San Marco, Avondale, or other Jacksonville neighborhoods, our loan programs are tailored to the local market.
Why Choose Self-employed mortgage in Jacksonville?
Jacksonville's real estate market in Duval County offers unique opportunities for homebuyers. With a median home price of $$340,000, our self-employed mortgage florida programs help make homeownership accessible.
- Qualify using bank statements instead of tax returns - using bank statements instead of tax returns
- 12 or 24-month bank statement options - or 24-month bank statement options
- 1099-only programs for contractors and freelancers - programs for contractors and freelancers
- P&L-only options with CPA letter - options with CPA letter
- Higher loan amounts than traditional qualification - loan amounts than traditional qualification
- Expertise working with self-employed borrowers - working with self-employed borrowers
Self-employed mortgage Requirements in Jacksonville
Understanding eligibility requirements helps Jacksonville homebuyers prepare for success. Here's what you need to qualify in Duval 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 Jacksonville and throughout Duval County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Jacksonville Homebuyers
When applying for self-employed mortgage florida in Jacksonville, you'll need to provide:
- 12 or 24 months personal and/or business bank statements
- 2 years personal tax returns (most programs)
- Business license and articles of incorporation
- Proof of business ownership (25%+)
- YTD profit & loss statement
- CPA letter (for some programs)
- Personal bank statements
- Photo identification
Jacksonville Self-employed Loan Timeline
Here's what to expect when getting self-employed mortgage florida in Jacksonville:
| Stage | Timeline | |-------|----------| | Pre Qualification | 48-72 hours | | Processing | 14-21 days | | Underwriting | 7-14 days | | Closing | 35-50 days total |
Timeline may vary for Jacksonville properties based on market conditions in Duval County. We work efficiently to meet your deadlines.
Current Self-employed Rates in Jacksonville
Typical Rate Range: 7.0% - 9.0% APRNon-QM and bank statement loan rates are typically higher than traditional mortgages. Rate depends on credit, down payment, and program type.
Jacksonville homebuyers should contact us for current rates specific to their situation in Duval County. Rates change daily based on market conditions.
Jacksonville Real Estate Market Insights
Market Overview: - Median Home Price: $$340,000 - County: Duval County - Population: 949,611 - Popular Neighborhoods: Riverside, San Marco, Avondale, Beaches, Mandarin Market Characteristics: Largest city by area in the continental US. Affordable housing, strong military presence, and growing job market.Our local expertise in Jacksonville and Duval County helps you navigate the market and secure the best self-employed mortgage florida terms for your situation.
NMLS & Licensing Information
Louis Doherty NMLS #60093 | Edge Home Finance Corporation NMLS #891464
Licensed mortgage loan officer serving Jacksonville, Duval County, and all of Florida. Equal Housing Opportunity Lender.
All loans subject to underwriting approval. Rates, fees, and programs subject to change. This is not a commitment to lend.