FLORIDA SELF EMPLOYED MORTGAGE LENDERS

1099  Florida Mortgage Lenders – No Tax Returns – No Bank Statements

Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. You are otherwise in business for yourself (including a part-time business)

Bank Statement Only Mortgage Lenders Or 1099 Only Florida Mortgage Lenders

NO Tax Return-Florida Cash-Out Refinance Mortgage Lenders

Have a self-employed client who has had difficulty obtaining a mortgage?

Florida Mortgage Lenders   Bank Statement Program allows self-employed borrowers the ability to qualify based on a 12 or 24 month average of deposits using their personal or business bank account.

• – No Tax Returns Required 
• – Personal Bank Statement qualified base 24 month average monthly deposits
• – Business Bank Statement qualified based on 24 month average monthly deposits.
• – 600 Minimum Credit Score
• – Up to 90% LTV (No MI) allowed on Personal and Business 
• – Loans to $3 Million (Minimum $150,000) 
• – 5/1 ARM or 30-year fixed 
• – No Seasoning for Foreclosure, Short Sale, Bankruptcy, Deed In Lieu 
• – Owner-Occupied, 2nd Homes, Investment Properties allowed 
• – Non-Warrantable Florida Condos Are OK!
  – Gift Funds OK!
  – No Pre-Pay Penalty for Primary Owner-Occupied and/or 2nd Homes 
  – SFRs, Townhomes, Condos, 2-4 Units 

Self-employed Florida Business Owner? And having trouble getting approved for a Florida mortgage?

There are many advantages of being self-employed including not answering to a “boss,” making your own decisions, hours, time off is all Great! Until it comes time to apply for a Florida mortgage because Florida mortgage lenders are very concerned about projecting your future income. which is hard for the Florida self-employed homebuyers o verify when you write off all your income.

SELF EMPLOYED FLORIDA MORTGAGE APPROVALS

Self Employed Florida borrowers are no more or less risky then salaried or W-2’d workers. The main challenge for the Self-Employed Florida is documenting work history and income. This is the biggest difference between a conventional borrower and a Self-Employed Florida borrower. How can Self Employed Florida borrowers document their income and work history when they do not show any income on their taxes?

• 12 or 24 Months Business or personal bank statements only!
• Last 2 years personal and business tax returns
• Proof of 2 years Self Employed Florida by showing either a business license or with a CPA letter
• Personal and or Business Bank statements
• Year to date profit and loss report
• 2 years of Credit references if needed for business

SELF EMPLOYED FLORIDA BORROWERS

Many Florida business owners and self-employed borrowers face special challenges when seeking to finance for a Florida home. There are a variety of programs available to self-employed borrowers and Florida Mortgage lenders is proud to offer them all to all Florida business owners. Working with Florida business owners and entrepreneurs is very exciting. We take pride in being able to offer aggressive self-employed Florida loan programs to our self-employed Florida mortgage applicants. Please fill out our full mortgage applicants so we dig deeper into the choices and special circumstances of bank statement only Florida mortgage programs.

On a fully documented loan such as this, the Florida mortgage lenders lender will consider the “net” income of the individual after deductions. This can be a challenge for some small business owners. If documenting your income via tax returns is a problem don’t work we can offer a 12 or 24 months bank statement only Florida mortgage program!

Other info of Florida Self Employed