If you are self-employed and your tax returns do not show what you actually earn, the tax-return mortgage is working against you. A bank statement loan qualifies you on your deposits instead, 12 or 24 months of statements, no tax returns, no W-2. For business owners, 1099 earners, and investors buying across coastal Florida.
Self-employed income comes in different shapes. The right program is the one that reads your money correctly. Here are the paths I run.
Qualify from 12 or 24 months of personal or business bank deposits. The core self-employed program for business owners whose write-offs shrink their tax-return income.
Independent contractors and commission earners can qualify from their 1099 forms, often with a simple expense factor, instead of full tax returns.
A CPA-prepared profit-and-loss statement carries the income, sometimes with a few months of statements to support it. Clean and fast when your accountant is organized.
Strong balance sheet, low reported income? Qualify by converting liquid assets into a monthly income figure. Common for retirees and high-net-worth self-employed buyers.
Buying a pure investment property? A DSCR loan skips personal income entirely and qualifies on the rent. Often the simpler path for investors. DSCR details.
I do not guess. I run your numbers through more than one program and show you which produces the most buying power. That comparison is the whole value of the call.
How It Works
The tax-return system punishes good tax planning. Bank statement loans fix that. Here is the actual process:
Who This Is For
Florida runs on small business, tourism, trades, and real estate. A lot of that income never shows up cleanly on a 1040. These are the buyers I close with a bank statement or self-employed program:
The questions on every self-employed buyer call, straight answers.
Self-Employed Desk
Send me a rough picture of your business and what you want to buy. I will run bank statement, 1099, and P&L paths and tell you which gives you the most buying power. No tax returns to dig up first.