3.5 Down No Tax Return Florida Mortgage Lenders Alternative

Florida No Tax Return Mortgage Options
Yes, Florida no-tax-return mortgage lenders offer no-tax-return mortgage solutions to refinance or purchase a Florida home using alternative document methods. Our no-tax-return FHA Florida mortgage lenders provide numerous solutions to accommodate various situations and help secure a Florida mortgage.

Florida Mortgage With No Tax Returns

• Self-Employed Less than 1 year = OK         VOE Only Mortgage  = OK                  Asset Depletion = OK
• ITIN No Tax return mortgage = OK              Nonresident No Tax Return = OK          Pledged Assets = OK
• Asset Depletion or Pledged = OK                Business Profit Loss = OK                   DSCR Rental Income = OK
• No Doc, No W2, No Tax Return = OK         Bank Statement Deposits = OK            Jumbo No Tax Returns = OK
• Home Loan No Tax Returns =OK                1099 mortgage Lenders = OK              3 Months Bank Statement = OK

No Tax Return Florida Mortgage Lenders

DreamBuilder Highlights

4C No Tax Return Florida Mortgage Checklist

1. Cash Down Payment –Min 580 credit score with 3.5% down. The better the credit, the lower the downpayment requirement. You can estimate another 6% in closing costs.
2. Credit – 580+ credit score – based on payment history, not credit score, No Credit/Score OK
3. Capacity – Max DTI50-55% based on credit score.
4. Collateral – Single-family homes, multi-family 2-4 units, townhomes, villas, condos, manufactured, modular homes, commercial, mixed-use. 
5. 3.5% Down requires you to stay within the Florida FHA Lending limits.

No Tax Return Florida Property Types:

• Single-family home – No Tax Return Mortgage Lenders
• Luxury Jumbo – No Tax Return Mortgage Lenders  
• Townhouse- No Tax Return Mortgage lenders 
• Manufactured home – No Tax Return Mortgage Lenders  
• Co-op – No Tax return Florida Mortgage Lenders 
• Condotel  – No Tax Return Mortgage Lenders 
• Investor Loans- No Tax Return Mortgage lenders 
• Commercial – No Tax Return Florida Mortgage Lenders

Refinance Florida Mortgage No Tax Returns:

• Refinance Florida Lis Pendens –
• Refinance Florida Claim of lien –
• Refinance To Pay Florida Tax Lien –
• Refinance Florida Code Violations –
• Refinance Florida Final Judgment –
• Buy-Out-Florida Mortgage Refinance –
• Mortgage with 30-60-90 day late payments –
• Refinance Florida Department Of Revenue Warrant –

No Tax Return Florida Mortgage Options:

• No Doc, No W2, No Tax Return – No tax return, no doc loan options.    
• Bank Statement Deposits – Bank statement mortgage lenders use your bank statement for income.         
• Jumbo No Tax Returns – Jumbo no tax return for large loan amounts over the conforming loan limits.          
• 1099 mortgage Lenders – 1099 mortgage lenders use 1099 with no tax returns required.        
• 3 Months Bank Statement – 3 3-month bank statement alternative income option to qualify. 
• Self-Employed Less than 1 year – Qualify with less than 2 years in the same line of work. 
• VOE Only Mortgage – Verification of employment uses the employer VOE to qualify.
• Asset Depletion – Divide qualifying assets to qualify by averaging over 60 to 84 months.
• ITIN No Tax return mortgage – ITIN mortgage lenders use ITIN instead of a Social Security number to qualify.           
• Pledged Assets – Pledge assets in reserves for collateral.           
• DSCR Rental Income – Use the subject property income to qualify with no personal income to qualify. 

No Tax Return Florida Mortgage Questions:

No Tax Return FHA Mortgage Lenders
– Only If your W2!

To qualify for FHA without tax returns, you must be a W-2 employee. If your bonus or overtime exceeds 25% of your total income or you own investment properties, you must submit tax returns. Florida FHA mortgage lenders make homeownership exciting because, as a W2 employee, you do NOT need to provide your tax returns to qualify for an FHA mortgage. For FHA, self-employed mortgage lenders require 2 years’ tax returns, business and personal.

No Tax Return Florida FHA Mortgage Lenders

No Tax Return Florida Mortgage Option

The Florida Mortgage Builder program is a unique opportunity in which a purchase transaction is completed by an eligible government entity that enters into a lease-to-own and long-term purchase agreement, or structured financing agreement, with qualified Florida Homebuyers, thereby allowing Florida homebuyers to purchase the property.

Florida Mortgage Option

The Homebuyer(s) move into the property and begin their journey toward owning the home!
• The option purchase price reduces with each monthly payment made by the Homebuyer(s).
• All appreciation acquired from the date of closing until the Homebuyer(s) purchase the property belongs to the Homebuyer(s). • At any time, the non-resident Homebuyer(s) can
1) Sell the home,
2) Purchase the property from an FHA-eligible government entity, or
3) Assume the existing FHA loan on the property.

No Tax Return Florida Mortgage Requirements

• Purchase for Primary Residence for Homebuyer(s)
• 580+ Credit Score preferred with verified, timely rental history for 12 mos
• Savings 5% down payment + Seller can pay closing costs up to 6% of the sale price.
• Exceptions may be considered on a case-by-case basis
•US Citizens, permanent residents, Non permanent including ITIN, DACA.

3.5% Down No Tax Return RTO Option

When a Florida Homebuyer does not qualify for traditional FHA mortgage financing, the Dream Builder program offers a new and exciting way to enter homeownership through a rent-to-own/structured financing option..

Step 1: The borrower submits a fully completed application to the Mortgage Builder Homebuyer Program for review.• Qualifying documentation must be uploaded to the loan in the portal. Required documentation includes, but is not limited to, income and assets, as well as any supporting credit history documentation (housing, alternative tradelines, credit event details, etc.), identification, LOEs, etc.• Note: A review will not be completed until all qualifying documentation is received and confirmed.

Step 2: Once the Homebuyer(s) have selected a property of their choice, the Homebuyer(s) enter into a purchase agreement with the property seller for the selected property.• The property must meet the Dream Builder eligibility and guideline requirements to be livable, move-in ready.• The “buyer” portion of the contract MUST identify the Homebuyer’s name(s), in addition to “and/or assigns”.• The Homebuyer(s) MUST execute the Assignment Addendum to Purchase & Sale Agreement to transfer the contract to the approved eligible government entity (the entity purchasing the property on behalf of the Homebuyer(s).• Mortgage loan originator will provide the executed contract with all addenda (including Seller’s Disclosure) to the Florida mortgage lender for approval.

Step 3: The Homebuyer’s name will be retained within the portal as the Homebuyer/Tenant, and the borrower on the transaction will be transitioned to the FHA-eligible government entity.• The FHA investment purchase will be identified within your portal pipeline on behalf of the borrower.

Step 4: The subject property appraisal must be ordered, completed, then reviewed and approved to guideline requirements. All conditions related to the property must be addressed and satisfied.• The borrower will pay for the appraisal; the mortgage lender will order the appraisal on behalf of the Broker/Homebuyer(s).

Step 5: The Homebuyer(s) sign the Homeownership Agreement and remit all funds for closing to the title company.

Step 6: The purchase transaction is closed at an approved title company.

Step 7: The Homebuyer(s) move into the property and begin their journey toward owning the home! • The option purchase price reduces with each monthly payment made by the Homebuyer(s). All appreciation acquired from the date of closing until the Homebuyer(s) purchase the property belongs to the Homebuyer. • At any time, the Homebuyer(s) can sell the home, purchase the property from the FHA-eligible government entity, or assume the existing FHA loan on the property.