Self Employed Home Purchase and Refinance Options using Bank Statement Deposits to
establish Your Monthly Qualifying Income.
The facts are that most Self-Employed would agree that their tax returns don't really show their true
income as many tend to write off many expenses over that a W-2 wage earner. As a result, your net
taxable income (after deductions) disqualifies you for a traditional home purchase and/or refinancing
Who can apply?
This program is available to Business owners, 1099 Contractors, Sole proprietors, Professional
Associations, Corporations, LLC’s, and wage earners who recently changed their tax status from W-2 to
1099 Self-Employed 12 months ago or more
12-24 Month Personal or Business Bank Statements
Provide 24 months of bank statements (personal or business) dating back from the last statement
received.  In the alternative, you 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. 
Acceptable Properties:
Single family homes, townhomes, condos, condotels, duplex, triple or four-plex all qualify on various
programs. Property usage can be as a primary residence, second home, vacation Home or rental
investment properties. 
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 Bank Statement Mortgage Options ( the most programs of any
Lender in Florida) and have listed a compressed snapshot highlighting 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
580 Min-FICO
90% Max LTV @ 660 FICO
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.    
No obligation and we don’t pull your credit