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Self-Employed & 1099 Mortgages

Bank Statement Loans

Self-employed, a 1099 contractor, or a business owner? Qualify for a Florida mortgage using your bank statements — not your tax returns. We shop 50+ lenders to find the program that fits your real cash flow.

Apply for a Bank Statement Loan →

If you are self-employed, your tax returns are written to minimize taxable income — which often makes it harder to qualify for a traditional mortgage, even when your business is thriving. A bank statement loan solves that. Instead of W-2s and tax returns, lenders use 12 to 24 months of your personal or business bank statements to document the income you actually earn.

Bank statement loans are a type of non-QM (non-qualified mortgage) loan built specifically for business owners, freelancers, gig workers, real estate investors, and 1099 professionals. As an independent broker, Divito Lending compares dozens of non-QM lenders so you get a program structured around your deposits — not a one-size-fits-all bank box.

Key Benefits

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No tax returns required

Qualify using 12–24 months of bank statements instead of W-2s, 1040s, or business tax returns.

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Built for the self-employed

Ideal for business owners, 1099 contractors, freelancers, gig workers, and commission-based earners.

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Primary, second & investment

Use a bank statement loan for your home, a vacation property, or an investment property in Florida.

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Higher loan amounts

Strong cash flow can support jumbo-sized loans — great for higher-value Florida properties.

Common-sense underwriting

Lenders look at deposits and cash flow, not just a rigid debt-to-income formula from your tax forms.

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We shop it for you

Non-QM pricing varies widely between lenders. We compare 50+ to find a competitive fit for your file.

Is This Right for You?

Bank statement loans are a strong fit if you have been self-employed for at least two years, your tax returns understate your true income, and you have steady, documentable deposits. They are also popular with investors building a portfolio who want flexible, cash-flow-based qualification.

The trade-off versus a conventional loan is typically a slightly higher rate and a larger down payment, since these are non-QM programs. Whether that trade-off is worth it depends on your full picture — the fastest way to know is a quick, no-pressure conversation with a licensed Divito Lending advisor.

Free pre-approval review. No application fee, no obligation — we will tell you honestly whether a bank statement loan or a conventional loan is the smarter move.
Typical Requirements
Income Documentation 12–24 months bank statements
Tax Returns / W-2s Not required
Minimum Credit Score Typically 620+
Down Payment Generally 10%–20%
Self-Employment History Usually 2+ years
Property Types Primary, second & investment
Loan Type Non-QM

Common Questions

What is a bank statement loan?

It is a mortgage that lets self-employed borrowers qualify using 12–24 months of personal or business bank statements to document income, instead of W-2s and tax returns. It is designed for business owners, 1099 contractors, and freelancers whose tax returns understate their true cash flow.

How many months of bank statements do I need?

Most lenders ask for 12 or 24 months of consecutive statements. Twenty-four months can build a stronger qualifying income picture; 12 months is faster to gather. We shop 50+ lenders to match you with the program that fits your deposits.

What credit score do I need?

Programs typically start around a 620 credit score. Stronger scores unlock lower down payments and more competitive pricing. Because requirements vary by lender, we compare multiple options to find one that fits your profile.

How much do I need to put down?

Down payments generally range from 10% to 20% depending on credit, property type, and lender. Primary residences, second homes, and investment properties are all eligible.

Can I use a bank statement loan for an investment property?

Yes. Bank statement loans can be used for primary residences, second homes, and investment properties across Florida, including condos and multi-unit homes.

Ready to See What You Qualify For?

Get a free pre-approval review with no obligation, or have a no-pressure conversation with a licensed Florida mortgage advisor who understands self-employed income.

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