We review deposits. Non-income transfers are removed. A CPA-verified expense ratio is applied to your business deposits.
Self-Employed Bank Statement Loans in Florida
Florida has one of the highest concentrations of self-employed workers. Getting a mortgage should not require you to fit into a traditional W-2 box. We help Florida's business owners, freelancers, and 1099 earners qualify for a home loan using bank statements. No tax returns required.
Self-Employed Mortgage Options Available in Florida
Self-employed loans include different mortgage options. Your income type determines the best path forward.
Bank Statement Loans
Qualify using 12 to 24 months of personal or business bank statements. Ideal for business owners and entrepreneurs whose tax returns understate their actual income.
Profit and Loss Statement Loans
A strong option for newer business owners. If you have less than two years of tax history, a CPA-prepared P&L can be used to document your cash flow.
The Reason Florida Borrowers Lean Toward Bank Statement Loans
Bank statement loans are the most popular option among Florida's self-employed borrowers, and for good reason. Tax returns often reflect heavy deductions that make income look lower than it actually is. Bank statement loans skip that problem entirely.
Florida borrowers prefer this loan type because it:
- Uses 12 to 24 months of deposits to calculate qualifying income
- Accepts income from multiple streams, like business revenue, 1099s, distributions, and side income
- Does not require tax returns, W-2s, or pay stubs
- Supports faster pre-approvals compared to traditional loan programs
- Works for recently self-employed borrowers who do not yet meet standard requirements
How Florida Bank Statement Loans Work
Bank statement mortgage loans follow a simple process built for self-employed borrowers.
Step 1: Collect Your Statements
Pull 12 to 24 months of personal or business bank account statements. This deposit history becomes the foundation of your income calculation.
Step 2: Income Gets Calculated
Step 3: Get Pre-Approved and Close Quickly
Once your income is calculated, we pair your profile with lenders who specialize in bank statement loans in Florida, negotiate your terms, and push for a fast close.
Requirements for Bank Statement Loans
Qualifying is straightforward. Most lenders look at:
- 12 to 24 months of bank statements
- A credit score of 700 or higher
- Down payment starting around 15 percent
- Proof of active business
- Sufficient funds for closing costs
Bank Statement Loans Across All of Florida
We work with borrowers in every corner of the state:
South Florida - Miami, Fort Lauderdale, Boca Raton, West Palm Beach
Central Florida -Orlando, Tampa, St. Petersburg, Lakeland
North Florida - Jacksonville, Tallahassee, Gainesville
Southwest Florida - Naples, Fort Myers, Sarasota
Florida's Emerald Coast - Destin, Gulf Breeze, Alys Beach, Rosemary Beach, and Inlet Beach
Florida's real estate market varies significantly by region. Whether you are buying in a competitive Miami condo market or a Gulf Coast waterfront community, LendFriend Mortgage connects you with lenders experienced in Florida's specific landscape.
Get a Bank Statement Mortgage Rate Quote
Why Choose LendFriend Mortgage
We help self-employed buyers in Florida secure bank statement mortgage loans with a smooth, fast process. Our focus is on real income qualification and lender programs built for business owners and independent earners.
Fast Pre-Approvals
Quick document review and streamlined underwriting help you move forward without delays tied to tax returns.
Self-Employed Loan Expertise
We specialize in bank statement loans and other non-QM options designed for freelancers, 1099 earners, and business owners.
Competitive Florida Loan Options
Access strong bank statement mortgage programs with competitive rates and flexible qualification rules.
Simple Process
Clear steps, minimal paperwork, and no unnecessary requirements.
Flexible Qualification
We use bank deposits to assess income, helping self-employed borrowers qualify even when tax returns understate earnings.
Coverage Across Florida Markets
We assist buyers across all major Florida markets, regardless of property location.
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What Self-Employed Buyers Say About Us
5/5 Star Reviews on Google, Zillow, and Experience.
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LendFriend is the only place to go for mortgage brokerage services. Their unparalleled technical knowledge, relationships with a wide array of lenders, and outstanding service make them the absolute best place to secure your next mortgage.
Robert Daake
Closed March 2025 -
I am so grateful for Micheal and his team. As a first time homebuyer with multiple businesses, I was very nervous about the loan process. Anyone who’s self employed knows loan processes for us are more extensive but LendFriend made it an ease. From getting a great rate to closing, they made clear communication and were extremely helpful .... They are truly amazing people to have on your team. Thank you Micheal, Morgan and Crystal.
Annie Momin
Closed September 2024 -
LendFriend has been an outstanding lending partner, reliable, transparent, and incredibly easy to work with. Their team made the entire process smooth from start to finish, always available to answer questions and guide us through each step. I highly recommend LendFriend to anyone looking for a trustworthy and efficient lender.
Trung Nguyen
Closed June 2025 -
I had a great experience working with Eric and his team @ LendFriend. As a CEO/business owner my personal finances can be complex. Eric was able to bring me a tailored solution that met my needs without making the process unnecessarily clunky or painful. I highly recommend Eric and his team if you’re looking for alternative solutions with great rates.
Andrew Didier
Closed August 2024 -
Eric and his team are great! They helped me get the best rate and were incredibly proactive on getting me the best deal as the market was changing. I will definitely work with him again and highly recommend anyone else that has questions about real estate to give him a call and he will do his best to understand and provide you the best outcome
Blake
Closed May 2024
Get Pre-Approved for a Florida Bank Statement Loan Today
No tax returns. No W-2s. No employer calls. Just 12 to 24 months of bank statements and a team that knows how to get self-employed borrowers approved.
Pre-approvals in 24 hours. Closings in as little as 30 days.
Frequently Asked Questions
Are bank statement loans more expensive than conventional mortgages?
Rates are typically slightly higher than conventional loans because they carry more lender flexibility. That said, using real deposit income often increases your qualifying amount, which can offset the rate difference in buying power.
Can I use a bank statement loan for an investment property in Florida?
Yes. Bank statement loans in Florida are available for primary residences, second homes, and investment properties.
Does Florida's lack of state income tax affect my application?
No. State income tax has no impact on loan qualification based on the bank statement. Whether you live in a high-tax or no-tax state, your qualifying income is calculated from your bank statements, not tax returns or tax rates.
I've been self-employed for less than a year. Can I still qualify?
The business must exist for at least 1 year to qualify for a bank statement loan or other self employed mortgage option. If the business has been around for more than a year and you just started operating it, you can still qualify depending on the circumstances
Can I refinance using a bank statement loan?
Absolutely. Florida homeowners who are self-employed use bank-statement refinances to access equity or lower their rates without showing tax returns.
Confidence comes with learning...
And our Learning Center gives you access to everything you need to know about buying a home and helps you understand the ins and outs of self-employed mortgages and bank statement loans. Read some of our favorite articles below.
