Self-Employed Refinance Calculator in Florida

Use this guide to estimate your self-employed refinance — the new payment, the closing costs, and the month you break even. Then we confirm it with real lender numbers.

Bank statements

Income Proof

Often none

Tax Returns

620

Min Score

1099 & business owners

Florida

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5 minutes · No cost · Soft credit pull only

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NMLS# 1859012 · Equal Housing Lender

Self-Employed Refinance · Calculator

Self-Employed Refinance Calculator in Florida

A self-employed refinance only makes sense when the savings beat the cost. The math that matters is your break-even: closing costs divided by monthly savings tells you how many months until the refinance pays for itself. If you will sell or refinance again before then, it is not worth it yet. We run your exact figures so the decision is based on your numbers, not a generic estimate.

Self-employed Florida homeowners are often penalized at refinance time because write-offs shrink their reported income. A bank-statement or 1099 refinance qualifies you on actual deposits or contractor income instead of adjusted tax returns.

Traditional refinances use your net taxable income, which for a business owner can look far smaller than what you really earn. Bank-statement programs average 12-24 months of deposits; 1099 programs use your gross contractor income. Either can unlock a refinance a conventional lender would deny.

These are non-QM loans, so pricing runs slightly above conventional — but for someone who cannot document income the old way, it is the difference between refinancing and not. We shop the self-employed lenders to keep the rate as tight as possible.

Self-Employed Refinance at a Glance

✓Qualify on bank deposits or 1099 income, not tax returns.

✓Built for business owners whose write-offs shrink AGI.

✓12-24 months of statements typically averaged.

✓We shop non-QM lenders to minimize the rate premium.

Read the full self-employed refinance guide, or explore: Requirements · Rates · Guide.

Self-Employed Refinance Snapshot

Income ProofBank statements

Tax ReturnsOften none

Min Score620

Florida1099 & business owners

How It Works

Apply Online

5 min · soft credit pull only

Break-Even Check

We confirm the savings beat the cost

Processing

Our team handles paperwork

Typically 21–30 days

FAQ

Self-Employed Refinance Questions

How do I know if a self-employed refinance is worth it?

Divide your closing costs by your monthly savings to find the break-even month. If you will keep the home past that point, the self-employed refinance pays off. We calculate it precisely with real lender quotes before you commit.

Can I refinance if I am self-employed in Florida?

Yes. Bank-statement and 1099 refinance programs qualify you on real income — deposits or contractor pay — instead of adjusted tax returns. This is ideal for owners whose deductions make their taxable income look small. We match you to the right non-QM lender.

How many bank statements do I need to refinance?

Most bank-statement programs use 12 or 24 months of personal or business statements and average the deposits to set your income. We tell you which period gives you the strongest qualifying number before you apply.

Keep Going

Self-Employed Refinance Guide Self-Employed Refinance · Requirements Self-Employed Refinance · Rates Self-Employed Refinance · Guide All Refinance Options Get a Refinance Quote

Self-Employed Refinance Calculator?

A licensed Florida mortgage broker who runs your break-even before you pay a cent — honest numbers, no pressure.

(561) 300-0380

Figures are illustrative only and vary by credit score, loan amount, equity, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.