Self-Employed Mortgage Loans in Orlando, Florida - Bank Statement Programs
Orlando homebuyers seeking self-employed mortgage florida benefit from working with a local mortgage expert who understands Orange County's unique real estate market. With a median home price of $$395,000 and neighborhoods like Lake Nona, Baldwin Park, College Park, Orlando offers diverse homebuying opportunities.
Why Choose Self-employed mortgage in Orlando?
Orlando's real estate market in Orange County offers unique opportunities for homebuyers. With a median home price of $$395,000, 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 Orlando
Understanding eligibility requirements helps Orlando homebuyers prepare for success. Here's what you need to qualify in Orange 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 Orlando and throughout Orange County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Orlando Homebuyers
When applying for self-employed mortgage florida in Orlando, 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
Orlando Self-employed Loan Timeline
Here's what to expect when getting self-employed mortgage florida in Orlando:
| Stage | Timeline | |-------|----------| | Pre Qualification | 48-72 hours | | Processing | 14-21 days | | Underwriting | 7-14 days | | Closing | 35-50 days total |
Timeline may vary for Orlando properties based on market conditions in Orange County. We work efficiently to meet your deadlines.
Current Self-employed Rates in Orlando
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.
Orlando homebuyers should contact us for current rates specific to their situation in Orange County. Rates change daily based on market conditions.
Orlando Real Estate Market Insights
Market Overview: - Median Home Price: $$395,000 - County: Orange County - Population: 307,573 - Popular Neighborhoods: Lake Nona, Baldwin Park, College Park, Thornton Park, Winter Park Market Characteristics: Tourism-driven economy with strong job growth, theme park industry, and family-friendly communities. Popular for investment properties.Our local expertise in Orlando and Orange 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 Orlando, Orange 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.