Self-Employed Program
Self-employed buyers in Miami can use a bank statement loan to qualify with 12 or 24 months of personal or business bank statements instead of tax returns. Qualifying deposits are used to calculate income. Quest Mortgage Services reviews your cash flow, credit, and property to determine whether this program fits.
Get a Free Mortgage ConsultationAs little as 10% down payment
No tax returns required
Use 12 or 24 months of personal or business bank statements
Loan amounts up to $3 million
Available for primary, second home, and investment properties
Interest-only payment options available
Provide 12 or 24 months of personal or business bank statements.
We calculate your qualifying income based on deposits and cash flow.
Get pre-approved with a soft-pull credit report — no hard inquiry until you're ready.
Close with confidence knowing you have a dedicated mortgage expert by your side.
Eligibility
Self-employed for at least 2 years (1 year case-by-case)
Minimum 640 credit score (660+ for best pricing)
12 or 24 months of personal or business bank statements
10%–20% down payment depending on credit and property type
Available for primary residence, second home, or investment property in Florida
Reserves of 3–6 months of mortgage payments typically required
The Process
Send 12 or 24 months of bank statements — no tax returns.
We average qualifying deposits to determine income.
Soft-pull credit and a written pre-approval in 48 hours.
Underwriting to closing in approximately 25–35 days.
FAQ
Self-employed borrowers, 1099 contractors, and business owners with at least 2 years of self-employment whose tax returns don't reflect their true cash flow. We use bank deposits to calculate income.
We total qualifying deposits over 12 or 24 months and apply an expense factor (typically 10%–50% depending on business type) to arrive at a monthly qualifying income figure.
10% with strong credit and reserves; most borrowers put down 10%–20%. Investment properties typically require 20%–25%.
Rates run slightly above conventional financing because they're non-QM, but they're competitive within the bank statement market — especially for borrowers with strong credit and reserves.
Get In Touch
Have a question about buying, refinancing, or which program fits your situation? Reach out for a free consultation — Frank responds personally.
Phone
(305) 299-6995Office
3105 NW 107th Ave, Suite 400-H5, Miami, FL 33172