Self-employed homeowners in Florida often have real equity and strong business deposits but tax returns that undersell their income. A bank statement HELOC or home equity loan reads your deposits instead, so you may be able to tap equity without refinancing the first mortgage you already have. Programs vary by borrower, property and investor, and how much you can access depends on your home's value, your mortgage balance and your credit.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Lenders often confirm that your business is active. In Florida, business entity records are searchable through the Florida Department of State, Division of Corporations. If a CPA prepares your expense letter or P&L, the lender may check the license with the Florida Board of Accountancy / Division of Certified Public Accounting.
Where the numbers point in Florida
Counties with the most home equity lines of credit opened (2024):
| County | Home equity lines of credit opened (2024) |
|---|---|
| Miami-Dade County | 6,118 |
| Broward County | 6,064 |
| Hillsborough County | 5,365 |
| Palm Beach County | 5,306 |
| Pinellas County | 3,893 |
| Orange County | 3,863 |
| Lee County | 3,223 |
| Brevard County | 2,572 |
| Pasco County | 2,477 |
| Duval County | 2,404 |
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
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Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Local pages in Florida
- Bank statement loans in Miami
- Bank statement loans in Tampa
- Bank statement loans in Orlando
- Bank statement loans in Jacksonville
- Bank statement loans in Sarasota
- Bank statement loans in Cape Coral
- Bank statement loans in Palm Bay
- Bank statement loans in Port St. Lucie
- Bank statement loans in Bonita Springs
- Bank statement loans in Palm Coast
- Bank statement loans in Kissimmee
- Bank statement loans in Pensacola
- Bank statement loans in Lakeland
- Bank statement loans in Winter Haven
- Bank statement loans in St. Petersburg
- Bank statement loans in Tallahassee
- Bank statement loans in Hialeah
- Bank statement loans in North Port
- Bank statement loans in Gainesville
- Bank statement loans in Deltona
- Bank statement loans in Fort Lauderdale
- Bank statement loans in Pembroke Pines
- Bank statement loans in Ocala
- Bank statement loans in Hollywood
- Bank statement loans in Leesburg
- Bank statement loans in Miramar
- Bank statement loans in Panama City
- Bank statement loans in Coral Springs
- Bank statement loans in Lehigh Acres
- Bank statement loans in Clearwater
Common questions
Can I get a HELOC if I am self-employed with low taxable income?
You may qualify through a bank statement HELOC. Instead of relying on tax returns, these programs review 12 or 24 months of personal or business statements and apply an expense factor or an expense letter to estimate your income. That approach can help when write-offs make your returns look thin. Programs vary by borrower, property and investor, and all are subject to credit approval.
Can I use a bank statement HELOC for my business?
Many self-employed owners use home equity for business needs, such as equipment, inventory or bridging slow months. Lenders may ask how you plan to use the funds, and some programs have rules about business-purpose borrowing. Keep in mind that your home secures the debt. For questions about how the interest is treated for tax purposes, talk to a tax professional.
Are non-QM HELOC lenders different from regular HELOC lenders?
Yes. Banks and credit unions usually offer HELOCs with full documentation from tax returns and pay stubs. Non-QM HELOC lenders offer equity lines and loans with alternative documentation, including bank statements and P&L statements. Their pricing is often higher because the loans carry more risk for the investor, but they may work for self-employed borrowers a bank would decline.
Other non-QM options in Florida
Bank statement loansNon-QM lendersSelf-employed1099 loansP&L loansAsset depletionNo-doc / stated incomeNew self-employedITIN loansForeign nationalNon-warrantable condoInterest-only
Related guides
- What Is a Bank Statement Loan and How Does It Work?
- How Tax Write-Offs Affect Your Mortgage Qualifying Income
- How to Compare Non-QM Loan Offers: Loan Estimates, Features and Fit
Bank Statement HELOCs & Home Equity Loans overview · Florida non-QM overview
- 2024 HMDA data