Income Type · Florida
Bank Statement Loan in Florida
Self-employed in Florida with strong deposits but soft tax returns? Bank-statement loans qualify you on cash flow.
Common challenges we solve
- Tax returns understate true income
- Need higher loan amount than DTI allows
- Newer business with limited W-2 history
What you get with Lumos
12 or 24-month statements
Loans up to $5M
Jumbo and non-warrantable condo eligible
What's different in Florida
In South Florida many self-employed buyers purchase condos; lenders will also review the building's milestone inspection and SIRS reserve status, so we screen the project alongside your income. Florida has no state income tax; at closing, Florida charges documentary stamp tax on the note and deed and a one-time intangible tax on new mortgages, which we include in your estimate.
Loan programs that typically fit
Frequently asked
- What's the expense ratio?
- Typically 30–50% depending on your business type.
- Can I use personal accounts?
- Yes — or a mix of business and personal.
Related pages
Get qualified in 60 seconds →Local guide: Bank Statement Loans in Doral, FLLocal guide: Bank Statement Loans in Hialeah, FLBank Statement Loan in TexasSelf-Employed Buyer in FloridaGig Worker / 1099 Contractor in FloridaAsset-Based / Asset Depletion in FloridaMiami, Florida Mortgage BrokerCoral Gables, Florida Mortgage BrokerDoral, Florida Mortgage Broker
