Self-Employed Refinance Requirements in Florida

Self-Employed Refinance Requirements in Florida

Qualifying for a self-employed refinance means meeting the credit floor, the loan-to-value cap, and the income or property test for this program. We pre-check every item — score, equity, reserves, and documentation — so your approval does not stall late. The fastest refinances are the ones where nothing surprises the underwriter.

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.

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