Florida Home Loan Using Bank Statements For Income
Bank statement home loans in Florida offer a viable option for mortgage applicants who have not filed their tax returns or have written off too much to qualify for the mortgage they need. Independent contractors, business owners, entrepreneurs, and investors in Florida can buy and cash out refinance using their bank statement deposits as proof of income.
**Business Bank Statements:** Applicants can qualify using 12 or 24 months of bank statements. Up to 90% of business bank statement deposits can be counted, based on the applicant’s expenses.
**Personal Bank Statements:** Applicants can use 12 or 24 months of bank statements. If funds were transferred from a business account, 100% of the deposits can be counted as income.
Without being limited by the local bank requirements, Florida mortgage applicants can use bank statements to qualify and secure the financing necessary to purchase a home. Contact us today to find out how you can qualify for a bank statement mortgage in Florida.
Florida Bank Statement Mortgage Lenders
**Benefits of Bank Statement Mortgages**
Securing a mortgage using bank statements provides significant advantages for self-employed individuals and Florida business owners who may have faced challenges obtaining Florida bank financing. The minimum bank statement mortgage specifications include:
