Florida No Doc, No Income Verification Mortgage — How Do I Get a Florida Mortgage NO Tax Returns?
How Do I get a Mortgage In Florida With No Tax Returns? Florida Bank Statement Mortgage LendersStated Income Documentation up to $1.5 million!
- 12 or 24 months of personal bank statements.
- 12 or 24 months business bank statements w/P&L.
- Asset Xpress program – use assets as income.
- Asset Assist program – use assets as additional income.
- Lease agreement in lieu of Schedule E.
- Up to 55% DTI.
- Up to 90% LTV.
Tax deductions combined with tough documentation requirements make conventional mortgage loan approval difficult to obtain for self-employed mortgage applicants. Today, Florida self-employed mortgage applicants are using Stated income mortgage loans to qualify using assets and credit to qualify.
Another option is Bank statement-only loans are loans where self-employed lenders use bank statement deposits to verify the mortgage applicant’s ability instead of tax returns, to determine the self-employed mortgage applicant’s ability to repay the mortgage loan. Florida bank statement-only mortgage lenders work with self-employed Florida mortgage applicants to calculate bank statement deposits for 12 to 24 months. Every self-employed Florida mortgage lender uses a slightly different formula to determine a self-employed applicant’s qualifying income. In most cases, in qualifying with personal bank statements mortgage lenders will use 100% of deposits in a personal bank account. And an expense ratio is determined when using business bank statements to qualify.
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STATED INCOME LENDERS for Primary Homes + Same Day Pre Approvals Call 954-667-9110.
The Stated mortgage lenders allow you do document you income by using bank statements in lieu of traditional full doc loans with tax returns via 4506T to …
Dec 23, 2016 – FLORIDA STATED INCOME LENDERS PROVIDING FAST & EASY APPROVALS.
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