Bank Statement Loans
iFinance Florida
Why iFinance Florida Is the Go-To for Bank Statement Loans
Traditional income verification doesn’t work for everyone—especially for self-employed professionals, business owners, and independent contractors. That’s where iFinance Florida comes in. With deep expertise in non-QM lending and access to over 40 lenders, we help you qualify for home financing based on your bank deposits, not your tax returns. We make getting approved as an entrepreneur as seamless as it is for a salaried employee.
What Is a Bank Statement Loan?
A bank statement loan is a non-QM (non-qualified mortgage) product designed for borrowers who don’t have traditional W-2 income. Instead of using tax returns, lenders evaluate 12 to 24 months of personal or business bank statements to calculate income. This loan type is ideal for self-employed borrowers who show lower taxable income due to write-offs but have strong cash flow.
Who Qualifies for a Bank Statement Loan?
To qualify, you typically need a credit score of 620+, a solid deposit history, and a consistent monthly income flow shown through your bank statements. Lenders may also require profit and loss statements or proof of business ownership. These loans can be used for primary residences, second homes, and investment properties.
Why Bank Statement Loans Make Sense
They give self-employed buyers real purchasing power. Instead of being penalized for maximizing deductions (which lower taxable income), you’re evaluated based on your actual financial activity. These loans also offer flexible terms, competitive interest rates, and higher loan limits compared to standard conforming options.
We Simplify the Self-Employed Mortgage Experience
At iFinance Florida, we know how to package your financials in a way that makes sense to lenders. We’ll review your bank statements, match you with the right program, and walk you through every step—from pre-approval to closing. You’ve built your business—now let us help you build your home.
You work for yourself. We work for you.
Book your free consultation now to see how much you qualify for using just your bank statements. No tax returns, no hassle—just solutions that work for your lifestyle.
Key Features and Benefits:
- Income Flexibility: Evaluates eligibility based on personal or business bank statements, accommodating self-employed individuals with irregular or non-traditional income sources.
- Simplified Documentation: Focuses on consistent cash flow demonstrated in bank statements, requiring fewer traditional financial documents.
- Customizable Financing: Enables borrowers to qualify for mortgages or other loans by leveraging their banking history to showcase repayment capability.
- Practical and Accessible: While interest rates may be slightly higher, this loan provides a valuable solution for those with non-traditional income verification needs.
At iFinance Florida, we specialize in innovative solutions that adapt to the evolving needs of our clients. Let us help you achieve your financial goals with a Bank Statement Loan designed for your success.