Income Type · Florida
Self-Employed Buyer in Florida
Run your own business in Florida? Get approved on bank statements, P&Ls, or assets — not just two years of tax returns.
Common challenges we solve
- Tax returns show low net income after write-offs
- Newer business under two years
- Variable monthly income
- Banks keep asking for more paperwork
What you get with Lumos
12 or 24-month bank-statement programs
1-year tax-return options for established businesses
P&L only for CPAs and licensed professionals
What's different in Florida
Florida business owners don't pay state income tax, but homeowners insurance and flood premiums in many Florida ZIP codes are high and count in your debt-to-income ratio. Once you buy, the homestead exemption and Save Our Homes cap help keep your property-tax assessment in check.
Loan programs that typically fit
Frequently asked
- How many months of bank statements?
- 12 or 24 — we'll use whichever shows you in the best light.
- Can I use business and personal accounts?
- Yes — we'll calculate qualifying income using a business expense ratio.
- What about my last tax return that wasn't great?
- Bank-statement and P&L programs ignore tax returns entirely.
