Self-Employed Loans using Bank Statement Deposits to Establish Your Monthly
Qualifying Income
Up to 90% LTV and Rates Starting in the 4’s *  
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.
Key Advantages of Bank Statement 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. Using Bank Statement Deposits vs Tax
Returns. Your qualifying income is not reduced by write offs and deductions. 
Who Qualifys 
These programs are available to 1099 Contractors, Sole proprietors, Professional
Associations, Corporations, LLC’s, and W-2 wage earners who recently changed their tax
status from W-2 > to 1099 Self-Employed for 12 months or more. 
12-Month Bank Statements
Borrower(s) provide most recent 12 months (personal or business) bank statements as
well as documentation that you have been self-employed for 24 months - Min 650 Middle
Fico score.
24-Month Bank Statements
Borrower(s) provide most recent 24 months (personal or business) bank statements - Min
580 Middle Fico score 
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.  * No broker or lender fees are for FHA,VA, USDA and Conventional loan types          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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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.  Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that your loan we be approved. © 2007 - 2018 1st Florida Lending Corp. - All rights reserved  I  Privacy Policy  I  Terms of Use  I  
If you own your own business or are self-employed, you know that getting a mortgage can
be difficult. Regardless of what you make for income, the system of tax write-offs that
make your job profitable keeps holding you back from buying a home. 
That's because lenders were forced to look at your tax statements and not your bank
statements when they make a credit decision on your mortgage.
The Bank Statement Mortgage is here to change all of that. After the crash of the housing
market in 2008, the federal government took custodianship over Fannie Mae and Freddie
Mac, the two largest lenders in the country.
They were so large that if they failed, they would put thousands of homeowners out on
the street, so the government stepped in While this led to many of the great loan
programs that we have today, including HARP and FHA that let homeowners recover from
being underwater or buy a home with less money down, they also made it far more
difficult for business owners and self-employed people to buy a home
Entrepreneurs and self-employed workers were now required to prove their income by
what they pay in taxes, not what they made. This has kept everyone from doctors and
lawyers to real estate agents and web designers from buying a home, as they are forced
to write off business expenses merely to keep their companies or practices profitable
This shows as less income made for taxes but doesn't show the true income that they
make. This means that they can't buy a home that is on the proper level to what they
make but instead must settle for less home or continue to rent
The Bank Statement Mortgage Option changed all of that. With guidelines changing, we
are now offer self-employed individuals the flexibility of a bank statement mortgage,
where we check your bank statements and deposit history to create a qualifying income. 
This way, you can continue to write off all your business expenses, keeping your business
profitable and healthy !
We offer 14 types of Bank Statement Mortgage Options and have
listed a compressed snapshot of the highlights of the top 4 out of
the 14.   
Highlight of our 12 or 24 Months Bank Statements
Use Business or Personal Bank Deposits for income
Requires No Tax Returns or 4506
Primary Residence, Second Home and Investment Properties
Purchase, Rate/Term and Cash-Out Refinance
1 day out of Bankruptcy, Foreclosure, and Short Sale
Loans $150k to $5 Million
30 year Fixed and 5/1 and 7/1 ARM’s
600 Min-FICO
90% Max LTV
Rates starting in the 4’s
DTI up to 50% considered
Owner-occupied, 2nd homes and investment properties
Non-warrantable condos considered
No pre-payment penalty for owner-occ and 2nd homes
Seller concessions to 6% (2% for investment)
2 years self-employed required
No Reserve Requirements, No MI and No Prepayment Penalty
SFR, Condos, Townhouse and 2-4 Units
We also provide a chart matrix of the same 4 four programs to highlight options in
more detail.