Brickell Self-Employed Mortgage Solution

A bank statement mortgage is the solution for Brickell self-employed borrowers looking to maximize purchase power, cash out, or refinance a mortgage. If you are looking to qualify based on your business bank statements vs. traditional tax returns, this is the program for you. Borrowers do not have to own 100% of the business to qualify. This product allows the underwriter to review the true cash flow of your business vs. tax returns limiting your purchase power.


Brickell Self-Employed Home Loans in 2024

Brickell self-employed borrowers have been getting the short end of the stick for quite some time, especially when the banks say they do not earn enough income to qualify for a loan. Because banks use the borrower’s tax returns to calculate the qualifying income, many self-employed borrowers cannot qualify for the home they desire. Since most business owners write off a lot of their income in the form of business expenses, this usually reduces their overall income available for mortgage qualification. However, looking at the health of their business in the form of deposits made into their business bank accounts provides a more realistic view of the borrower’s income.

The Brickell bank statement program launched about 12 years ago and there have been several updates to it throughout the years. A Brickell bank statement loan averages the overall deposits into a borrower’s business account over a period of either 12 or 24 months, and then a deduction is made based on what they call an expense factor. The expense factor is a percentage of the revenue generated by the business that would be allocated toward the costs of running the business, with the default amount usually being 50%. Recently, these programs have become more flexible to allow borrowers to maximize their income by allowing the use of up to 80% of the deposits into the qualifying income, depending on the type of business the borrower operates. In turn, this gives self-employed borrowers more purchasing power as they are able to qualify for higher loan amounts. This is a significant benefit for Brickell self-employed borrowers versus the traditional method banks use where they only calculate the taxable income on the tax returns for qualifying (CrossCountry Mortgage) (Market Insights | Blog | Vaster ).

Some of the basic requirements for the bank statement program are a minimum credit score of 580 and that the borrower has been self-employed for at least two years. The minimum down payment options can vary from 5% to 15% down depending on the type of property and what it will be used for (i.e., primary home or investment) (CrossCountry Mortgage) (Market Insights | Blog | Vaster ).

Brickell Self-Employed Mortgage Pros and Cons


  • No tax returns required
  • Low down payment compared to bank options
  • Lower credit score requirements
  • Qualify for a higher purchase price


  • Minimum 2 years of self-employment
  • Full copies of 12 to 24-month bank statements
  • Interest rates might be slightly higher than traditional financing

Brickell Information Affecting Self-Employed Borrowers
We provide self-employment loans throughout the state of Florida including but not limited to the areas below.

Brickell is one of the most dynamic neighborhoods in Miami, known for its luxury high-rises, financial district, and vibrant nightlife. Located just south of downtown Miami, Brickell has become a major hub for business and residential living. The population of Brickell has been rapidly increasing, with many professionals and entrepreneurs choosing to live and work in this bustling area. Historically, Brickell was an area of high-end homes, but it has transformed into a center for international banking and luxury condos.

Many Latin American businessmen and women have moved to Brickell, fueling the development of homes, offices, and shopping plazas, including Brickell City Centre. Adding to this development, many companies are located in Brickell, including but not limited to Bank of America, Wells Fargo, and multiple international financial institutions. Brickell offers top-rated private and public schools, making it an ideal location for families. If you are looking to get a new home, townhouse, or condo in Brickell, the bank statement loan would be a great way to get qualified.

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Up To 90% LTV | Loan To Value | No Mortgage Insurance | Credit Scores Starting At 600

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