Self-Employed Mortgage Loans in Naples, Florida - Bank Statement Programs
As an experienced mortgage loan officer serving Naples and Collier County, I specialize in self-employed mortgage florida for local homebuyers. Whether you're considering homes in Old Naples, Park Shore, Pelican Bay, or other Naples neighborhoods, our loan programs are tailored to the local market.
Why Choose Self-employed mortgage in Naples?
Naples's real estate market in Collier County offers unique opportunities for homebuyers. With a median home price of $$625,000, 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 Naples
Understanding eligibility requirements helps Naples homebuyers prepare for success. Here's what you need to qualify in Collier 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 Naples and throughout Collier County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Naples Homebuyers
When applying for self-employed mortgage florida in Naples, 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
Naples Self-employed Loan Timeline
Here's what to expect when getting self-employed mortgage florida in Naples:
| Stage | Timeline | |-------|----------| | Pre Qualification | 48-72 hours | | Processing | 14-21 days | | Underwriting | 7-14 days | | Closing | 35-50 days total |
Timeline may vary for Naples properties based on market conditions in Collier County. We work efficiently to meet your deadlines.
Current Self-employed Rates in Naples
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.
Naples homebuyers should contact us for current rates specific to their situation in Collier County. Rates change daily based on market conditions.
Naples Real Estate Market Insights
Market Overview: - Median Home Price: $$625,000 - County: Collier County - Population: 19,115 - Popular Neighborhoods: Old Naples, Park Shore, Pelican Bay, Port Royal, Aqualane Shores Market Characteristics: Ultra-luxury market with golf communities, beachfront estates, and high-end condos. Affluent retirees and second-home buyers.Our local expertise in Naples and Collier 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 Naples, Collier 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.