Non-QM & Alternative Doc Mortgage Programs — Florida

Non-QM Mortgage Florida Florida

Home loans for self-employed borrowers, business owners, investors, and ITIN holders who don't fit conventional lending boxes. No W2 required. Florida-based non-QM mortgage broker.

No W2
Required
12–24 Mo
Bank Statements
ITIN
Borrowers OK
By Onias Derilus, NMLS# 1859012 · Licensed FL Mortgage Broker · Last Updated: May 2026
Non-QM Loans Florida

Florida Home Loans for Self-Employed Borrowers

Non-QM (non-qualified mortgage) loans exist specifically for Florida borrowers who have the income and assets to support a mortgage but don't meet conventional lending documentation requirements. Furthermore, self-employed Floridians are particularly well-served by these programs.

A non-QM mortgage qualifies the borrower using alternative income documentation — 12 or 24 months of bank statements, asset depletion, P&L statements, or 1099s — instead of W2s and tax returns. Additionally, as a retail mortgage broker (not a wholesale-only lender like Angel Oak), Mortgage Capital works directly with you to find the best non-QM program for your situation.

Florida's large self-employed population — restaurant owners, contractors, healthcare professionals, real estate investors, tech entrepreneurs — makes non-QM one of the highest-demand programs in our service area. However, non-QM rates are typically 1–2% higher than conventional, so we always compare all available options.

1
Bank Statement Mortgage
12 or 24 months of personal or business bank statements — ideal for self-employed FL buyers
2
Asset Depletion Loan
Qualify using liquid assets (savings, investment accounts) rather than income — Freddie Mac program
3
1099 Mortgage
Use 1-2 years of 1099 forms to document income — perfect for Florida contractors and gig workers
4
P&L Statement Mortgage
CPA-prepared Profit & Loss statement — 12-month program for established business owners
5
ITIN Mortgage
Home loans for ITIN (Individual Taxpayer Identification Number) holders — no SSN required
6
Foreign National Loan
For non-US citizens or permanent residents purchasing FL property — vacation home or investment
Non-QM vs. Conventional — Self-Employed FL Buyer
Restaurant owner · $8K/mo bank deposits · $400K FL purchase · Tax returns show $42K net income
Non-QM Bank StmtConventional
Income Used$8K/mo deposits$42K/yr tax return
Qualifying Income$6,400/mo (80%)$3,500/mo
Max Loan (45% DTI)~$288,000~$157,500
Can Buy $400K Home?YesNo
Rate7.875–9%6.875%
Down Payment20–25%5–20%
Example only. Actual qualification varies by lender, credit score, and reserves.
Explore Related Programs
DSCR Loans FloridaHard Money Loans FloridaAll Florida Loan ProgramsFlorida Mortgage Locations

Florida Non-QM Mortgage — Get Pre-Qualified

Self-employed · 1099 · ITIN · Foreign National · Bank Statement · Asset Depletion · NMLS# 1859012

📞 (561) 300-0380

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.