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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BANK STATEMENT LOAN PROGRAM FOR SELF-EMPLOYED BORROWERS
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.  You will need to prove that you have been self-employed for 24 months Minimum Credit Scores Needed for 12 Month Loans Up to 85% LTV for 700+ FICO  Loans Up to 80% LTV for 620+ FICO 
24-Month Program – Personal/Business
Borrower(s) will need to furnish 24 months of bank statements (personal or business) dating back from the
last statement received.   Loans Up to 90% LTV for 700+ FICO  Loans Up to 85% LTV for 650+ FICO  Loans Up to 80% LTV for 600+ FICO  Loans Up to 75% LTV for 550+ FICO 
1-Month Program
The 1-month program only allows personal bank statements to be used. Your middle credit score should be
720 or higher and minimum down payment of 30%.  You must be 1099 self-employed, have a clear
credit/payment history and have owned real estate in your name within the last three years.  
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.
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For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage Earners
We  Say YES!  * When Banks Say NO! TM
“We offer programs with  1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale” 
When Banks Say NO! We Say YES!