Bank Statement Home Loans in Florida

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Florida has the fourth biggest economy in the country following California, Texas and New York. Based on the most recent information from the United States Census, Florida is the thrd mostpopulated state.

Many people work in the oil and energy industry, trade, business and financial services, technology, healthcare, or leisure fields. If you are self-employed in one of these occupations, it allows you to be your own boss and determine the amount of money you can earn.

According the U.S. Census Survey in 2018, the Sunshine state has roughly 1.16 million of its workforce filing as self-employed. The largest concentration of self-employed workers in Florida are in the bigger cities of Miami, Fort Lauderdale, Tampa, Orlando, and Jacksonville. Getting a home loan can be chalenging when a large majorty of self-employed and gig workers write off lots of expenses.

Bank Statement Mortgage Loans

12 Month Bank Statement Loan
Yourloan officer will determine your income from copies of your most recent 12 months personal or business bank statements (all pages)

24 Month Bank Statement Program
This loan product offers a little better nterest rate since you will give the lender your last 24 months of business bank statements (all pages for each month). A P&L (borrower or CPA prepared) or business expense letter may be required as well.

Bank Statement Mortgage Lenders in Florida

The loan originator below has nearly 35 different mortgage lenders to work with and some offer non-traditional loans that do not requiretax returns. He works with bank statement lenders who offer monthy specials on interest rates and pretty simple conditional loan approvals.

If you are a Florida sole proprietor(one person business) then it's highly likely you have filed a fictitious name(dba) with the Florida Department of State and will be listed on sunBiz. In the same manner, your corporation, partnership or LLC may be filed with them as well unless it's a foreign (out of state) corporation.

Below are some of the popular Florida areas served:

 

 

 

 

William has an active NMLS mortgage originator license to help clients in Texas and other states. William has extensive knowledge about various mortgage products, real estate investing and personal finance. He has been writing and blogging about real estate and related topics for more than 15 years. His work has been featured on various real estate sites and industry platforms. More about William