1st Florida Lending
Direct Mortgage Lenders
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 45 loans programs including Conventional, Jumbo, FHA, VA, USDA to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification.                               Disclaimer:  When Banks Say NO! We Say YES! tm   If you are turned down by another lender.  We will work hard to approve your loan.  No guarantee of any kind is expressed or implied!   Main Office: 2151 Consulate Dr. * Suite 8 *  Orlando, FL., 32837  * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955 We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106 © 2007 - 2015 FFL Corp - All rights reserved  I                             I                             I    When Banks Say No !  We Say YES !  ®  is a registered trademark
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When Banks Say NO! We Say YES!
®
For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage Earners
Get Pre-Approved for a Self-Employed Bank Statement Loan Today !
Want to know how much you qualify for?  
OBTAIN PRE-APPROVAL LETTER TODAY Its Easy! Fast! and No Obligations - we also accept Credit Karma report that you can provide us for our initial review. 
24 MONTH BANK STATEMENT LOAN PROGRAMS EXPLAINED 24-Month Bank Statement Program. Borrower Employment Types: Self Employed 1099 We will accept Personal or Business Bank Statements. However, qualifying income will be calculated differently. Personal Bank Statements:  100% of Deposits Add all deposits for all 24 months and divide that amount by 24 to receive the monthly income amount we will apply as the borrower’s qualifying income. Example: 24 months’ deposits total = $200,000 / 24 = $8,333 a month income. Business Bank Statements:  50% of Deposits Add all deposits for all 24 months, divide by 2, and then divide by 24 to receive the monthly income amount we will give to the borrower. Example: 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 a month income. * Only 50% is used because we have to assume the business has overhead. Details of Program: Personal & Business Guidelines Only deposits can be used o Transfers are NOT counted on personal and case-by-case for business* Must have 24 consecutive months of statements (no gaps) Must provide All pages (even the last pages with advertising) Cannot comingle (use two different accounts) statements** If account was used and closed and new account for remainder of statements must show closing of old account and opening of new account * Transfers may be accepted for business statements when they come from credit card clearing   houses (examples:   Paypal, Square, AMEX, etc) and must be considered normal for the company. **  Multiple accounts are considered on a case-by-case basis IMPORTANT NOTICE:  Changing tax status from W-2 to 1099 self-employed There generally is a 12 month waiting period after you change your tax status from wage earner (W-2) to independent Contractor (1099) or New Business owner.  However, there are exceptions in lowering the waiting period which is considered on a case by case basis    
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More about 12 and 24 month bank statement loans    
We  Say YES!  * When Banks Say NO! TM
BANK STATEMENT LOANS
For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage Earners
Why a Bank Statement Loan? With over 14 programs our  Bank Statement Loan programs are rapidly becoming the loan of choice For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 wage earners  who have cash flow and payment history, but show a reduced taxable income as a result of high deductions   
“We offer programs with  1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale”