Page last updated: July 2026 · Rates and program guidelines current as of publish date
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Five Ways to Qualify

Self-Employed Mortgage Florida

Self-employed Florida borrowers have five qualification pathways: bank statement loans, asset depletion, 1099 income programs, profit-and-loss statement loans, and conventional financing. Non-QM lending — which covers most of these alternative pathways — grew from roughly 5.21% to 8.0% of all U.S. mortgages between July 2024 and July 2025, according to National Mortgage Professional, as more self-employed borrowers found paths around tax-return-only underwriting.

5
Distinct qualification pathways for self-employed Florida borrowers
8.0%
Non-QM share of all U.S. mortgages as of July 2025, up from 5.21% a year prior
0
Tax returns required on bank statement, asset depletion, or 1099 pathways
Five Qualification Pathways

One of These Five Fits How You Actually Get Paid

1. Bank Statement Loans

Qualify using 12–24 months of personal or business deposits instead of tax returns.

2. Asset Depletion

Qualify using liquid assets — savings, investments, retirement accounts — converted into a qualifying income figure.

3. 1099 Income Programs

Built for contractors and gig-based professionals who receive 1099s instead of W-2s.

4. Profit & Loss Statement Loans

Qualify using a CPA-prepared P&L statement instead of full tax return documentation.

5. Conventional Financing

If your tax returns already show strong qualifying income, conventional financing may still offer the best rate.

Not Sure Which Fits?

We review your income structure and match you to the strongest pathway in one conversation.

How It Works

Three Steps to Find Your Pathway

1

Income Structure Review

We review how you actually get paid — deposits, assets, 1099s, or P&L — to see which pathway fits.

2

Program Match

We match your income structure, credit profile, and down payment to the strongest available program and rate.

3

Closing

Close using documentation that actually reflects your financial picture — not just what a tax return shows.

Buying an Investment Property Instead?

If the property you're financing is a rental, DSCR financing based on the property's own income may qualify you faster.

Compare DSCR Loans →
Frequently Asked Questions

Self-Employed Mortgages in Florida, Explained

What mortgage options exist for self-employed borrowers in Florida?
Self-employed Florida borrowers generally have five qualification pathways: bank statement loans, asset depletion, 1099 income programs, profit-and-loss statement loans, and conventional loans. Non-QM lending, which covers most of these pathways, grew from roughly 5.21% to 8.0% of all U.S. mortgages between July 2024 and July 2025, according to National Mortgage Professional.
Why is it harder for self-employed borrowers to qualify for a conventional mortgage?
Conventional lenders typically qualify borrowers using net income reported on tax returns after business deductions. Self-employed borrowers often legitimately write off significant expenses, which lowers taxable income even when actual cash flow is strong.
How long do I need to be self-employed to qualify for a mortgage?
Requirements vary by program. Conventional loans typically require two years of self-employment history. Bank statement and asset depletion programs may accommodate shorter self-employment histories depending on the lender and overall borrower profile.
Find Your Pathway

Let's Find the Program That Fits Your Income

Private consultation with Kelly or Ray Nadeau. We'll review your income structure and match you to the strongest of the five pathways — no obligation.

📞 321-321-9455 · Kelly Nadeau NMLS #1027618 · Ray Nadeau NMLS #1027617
Kelly Nadeau NMLS #1027618 | Ray Nadeau NMLS #1027617 | Equity Smart Home Loans NMLS #856170 | Equal Housing Lender
Not a commitment to lend. All loans subject to credit approval and program guidelines. Qualification pathway and income calculation methods vary by program. Rates and programs subject to change without notice.