Bank Statement Income Calculator Florida
Use the Bank Statement Income Calculator for Florida homes, with the state's property taxes, homestead exemption, and higher insurance costs in mind.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
It estimates the qualifying income a bank-statement lender will use by averaging deposits across 12 or 24 months of statements, for self-employed borrowers without traditional pay stubs.
Bank Statement Income in Florida
Florida's economy is full of self-employed entrepreneurs, gig workers, and seasonal business owners whose tax returns do not reflect their true income. Bank-statement loans are a common solution across the state, letting these borrowers qualify on deposits rather than adjusted gross income.
The calculator totals your business or personal deposits over the chosen period, applies an expense factor to approximate net income, and divides by the number of months to produce a monthly qualifying income.
Ready to run the numbers for your own Florida home? Open the interactive bank statement income calculator and adjust the inputs to match your situation.
Frequently Asked Questions
How many months of statements do I need?
Most bank-statement programs use 12 or 24 months. A longer period can smooth out seasonal swings, which helps if your business income is uneven across the year.
What is the expense factor?
It is the share of deposits the lender assumes goes to business expenses, often around 50% for business accounts. The remainder is treated as qualifying income.
Turn Your Bank Statement Income Estimate Into a Real Pre-Approval
Get a personalized rate quote from a licensed Florida mortgage broker — no obligation. NMLS# 1859012.
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.