Most Banks/Lenders offer one or two bank statement program’s for their self-employed borrowers. At 1st Florida Lending, we offer more than 14 Programs with the lowest rates available, even for the most challenging loan scenarios. As direct lenders there are no additional retail” broker fees added.

14 Self-Employed Solutions

Self-employed Business owners, Freelance employees, 1099 Consultants, Contract workers, Independent contractors, Sole proprietors, Online retailers, Economy workers, Realtors, Entrepreneurs and many other types of Self-Employed scenarios. You will need to establish self- employed for the last 2 years

Qualifying Requirements

Seasoned Loan Officers

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* 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 any loan we be approved. Licensed in Florida Only © 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
Carlos Matos I Florida Direct Lenders

Florida’s Top Rated DIRECT Lender I 48 Programs

1st Florida Lending


800-655-1345 I CALL us 407-300-2558

Carlos Matos
My name is Carlos Matos, CEO and Founder of 1st Florida Lending Corp, Established in 2007 and based in Orlando, Florida. We are Direct Mortgage Lenders (not retail brokers) and I have personally been in the mortgage industry for over 25 years specializing in home purchase and refinance loans.
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Evolution of Bank Statement Mortgage Loans 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
ASKED YOURSELF THESE 2 QUESTIONS 1. Have you been Self-Employed for 2 years? 2. Has COVID-19 Impacted your Business / Income? If Yes! We now offer a new COVID-19 RELIEF bank statement program that only requires review of your last 3 months bank statement history and income! We do not look at any banking irregularities like, reduced income shock, non-sufficient funds hits prior to your most recent 3 months.
Advantages of Bank Statement Loans (Below are highlights of our 14 + Self-Employed Bank Statement Loan Programs) No tax returns required or 4506 required to qualify Min $150,000 up to $5,000,000 (need more? Click Here ) Borrow up to 90% of your primary homes value Buy Down Rates in the 3's * Min 600 Fico permitted DTI up to 55% No Mortgage Insurance No Prepayment Penalty SFR, Condos, Town house and 2-4 Units Non-warrantable condos OK 5/1 & 7/1 ARM’s or 30 year Fixed Borrower does not have to be 100% owner of the business Multiple bank accounts are permitted in some programs P&L statements NOT required on most programs Owner-occupied, 2nd homes and investment properties Bankruptcy, Foreclosure, Short Sale (Min 2 years out) Common-sense consideration of NSFs and overdrafts Some reserves required depending on credit and loan amount Purchase, Rate/Term and Cash-Out Refinancing NEW! Co-Borrowers may use non self-employment income sources like W2, rental retirement, social security and pension.
Q. How do you determine the difference between a personal bank statement and business bank statement Loan? Personal Bank Statement Loan: Income received for your goods and/or services is payable to your personal name and deposited into your personal bank account. Business Bank Statement Loan: Income received for your goods and/or services is payable to your business name and deposited into your business bank account.
14 bank statement programs to choose from We are Direct Lenders - Not Retail Brokers Challenging Loans is our Specialty Dedicated Team  of Seasoned  Loan Officers Competitive Rates   COVID-19 Option - 3 Months Bank Statements  Why Choose Us?
Determining Qualifying Income We use total bank statement deposits to establish a monthly qualifying Income. Eligible income is calculated differently between a personal bank statement and business bank statement loan. Personal Bank Statement Loan: We count 100% of your deposits as income on 12- or 24-months bank statements.. Business Bank Statement Loan: : We count up to 50% of your deposits as income on 12- or 24-months bank statements..
Self-Employed Bank statement loans are popular with some of thes types of borrowers:
Business owners
Freelance employees
Contract workers
Independent contractors
Sole proprietors
Network economy workers
Online Retailers
Qualifying for a Self-Employed Bank Statement Loan Bank Statement Loans are utilized by a wide range of self-employed professionals, including Business owners, Freelance employees, Consultants, Contract workers, Independent contractors, Sole proprietors, Online retailers, Economy workers, Realtors, Entrepreneurs and many other types of self-employed people, etc... Being self-employed it can be difficult to obtain a mortgage. 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. Regardless of what you make for income, tax write-offs and deductions reduce your taxable income that can affect your debt-to-income ratios. As a result, your net taxable income (after deductions) may disqualify you for a traditional mortgage for purchasing and/or refinancing !
To receive a Loan Quote, please complete our 2 minute online questionnaire below. One of our experienced loan officers at 1st Florida Lending who specializes in bank statement loans. Will guide you through process, provide you with options along with a quote with rates/terms that meets with your criteria and budget.

We Specialize in Mortgages for Self-Employed Borrowers

Bank Statement Loans offer Flexible Mortgage Solutions for Self-Employed

Entrepreneurs, Business Owners, Freelancers, 1099 Contractors and more!

Aside from the Military outreach programs that we proudly support. 

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State 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) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial

Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.




Buy Down Rates in the 3's * with LTV's up to 90% for Purchases

We understand what it takes to close bank statement loans. The first ingredient, is an experience loan officer (7 years min) to originate a bank statement loan. These loans are all manually underwriting (no software is utilized like FHA Loans) with 4 x the paperwork. The best part is that we will present loans options so you can select the rate and terms that meets your criteria