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BANK STATEMENT LOAN PROGRAM FOR SELF-EMPLOYED BORROWERS
STARTING RATES IN THE 4’s FOR WITH OUR 24-MONTH BANK
STATEMENT PROGRAM !
Learn More About Bank Statement Mortgage for Self-Employed Borrowers
Many people who are business owners or receive a 1099 may agree that their tax returns don't really
show their true income and tend to write off many expenses that a salaried or W2 employee is not able
to do.   As a result, your net income (after deductions) on your tax returns may not qualify for a
traditional mortgage.  With the Bank Statement Loan program, your income is not reduced by tax
deductions and available to 1099 Contractors, Sole proprietors, Professional Associations,
Corporations, LLC’s, and W-2 wage earners who recently changed their tax status to 1099 Self-Employed
for 12 months or more with some exceptions on a case-by-case basis. 
Key Advantages for Bank Statement Mortgage Loans
The bank statement mortgage is an alternative income solution offered to help self-employed
borrowers qualify for a mortgage without Tax Returns or IRS 4506-T verification and offers No Pre-
Payment Penalty and No PMI.
 
12-Month Bank Statement Loan Program - Personal *
Borrower(s) can provide your most recent 12 months of personal bank statements. However, you will
need to prove that you have been self-employed for 24 months. The minimum credit scores required
for the 12 Month program is 620   
24-Month Program – Personal/Business (STARTING RATES IN THE 4’s) *
Borrower(s) will need to furnish 24 months of bank statements (personal or business) dating back from
the last statement received.   
Reserves:
Some reserves are required depending on which program you select.   The reserve requirement is not
tied to the mortgage itself, but rather provides confirmation to underwriting that you have alternative
funds available to cover the mortgage payment for a specific period of time in the unlikely event of a
financial hardship
Acceptable Properties and Usage
Single family homes, townhomes, condos, condotel, duplex, triple or four-plex all qualify on various
programs. Property usage can be as a primary residence, second home, or rental property.
* YOUR FINAL INTEREST RATES FOR OUR 12 AND 24 MONTH BANK STATEMENT LOANS ARE DETERMINED BY A COMBINATION OF YOUR
FICO SCORE, CREDIT HISTORY AND DOWN PAYMENT AMOUNT
®
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans,   to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more.           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 When Banks Say No !  We Say YES !  ®  is a registered trademark owned by 1st Florida Lending Corp.
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We  Say YES!  * When Banks Say NO! TM
1st Florida Lending Corp
Florida's Direct Lender
When Banks Say NO! We Say YES!
Disclaimer:  All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. We will always work hard to approve your loan.  There are no guarantees of any kind expressed or implied! © 2007 - 2018 1st Florida Lending Corp. - All rights reserved  I  Privacy Policy  I  Terms of Use  I