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
Get Pre-Approved📞 (561) 300-0380
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 are for Florida borrowers who have the income and assets to support a mortgage but don't fit conventional documentation rules. Self-employed Floridians, especially, tend to do well with these programs.

Official resource: CFPB — Non-Qualified Mortgages Explained.

A non-QM mortgage qualifies you on alternative income documentation: 12 or 24 months of bank statements, asset depletion, P&L statements, or 1099s — instead of W2s and tax returns. Mortgage Capital works directly with you to find the non-QM program that fits your situation.

Florida has a large self-employed population — restaurant owners, contractors, healthcare professionals, real estate investors, and tech entrepreneurs. Non-QM is one of the most in-demand programs in our service area. Non-QM rates do run 1–2% higher than conventional, so we always compare every option on the table first.

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.
Non-QM Loan Resources

Dig Deeper Into Florida Non-QM Loans

Explore the details that shape your non-QM loan — current rate drivers, the documentation and requirements you need to meet, a step-by-step path to qualifying, and an honest look at the trade-offs.

Non-QM Loan Rates→Non-QM Loan Requirements→How to Qualify for a Non-QM Loan→Non-QM Loan Pros and Cons→
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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.