SELF-EMPLOYED MORTGAGE · PA & FL
Self-Employed Mortgage — Qualify Based on Your Real Income
Are you self-employed and planning to buy a home in Pennsylvania or Florida? You may qualify using your real cash flow — not just what shows on your tax returns.
At First USA Mortgage Solutions, we specialize in helping self-employed borrowers — including business owners, freelancers, and independent contractors — qualify for home loans using bank statement programs. Instead of relying solely on tax returns, we evaluate your actual income based on 12–24 months of deposits.
WHO IS THIS PROGRAM FOR?
Built for Borrowers with Non-Traditional Income
This type of mortgage is designed for borrowers whose tax returns don't reflect their true income — a common situation for self-employed individuals, business owners, and gig workers.
If your tax returns show lower income due to write-offs, depreciation, or business deductions, a bank statement loan lets us look at your actual cash flow instead.
If your tax returns don't reflect your true income, a bank statement loan may be the right solution.
Self-Employed Business Owners
Own your own business? Qualify based on deposits, not taxable income.
Real Estate Investors
Income from rental properties or flips doesn't always show cleanly on returns.
Entrepreneurs with High Write-Offs
Strong cash flow but high tax deductions? A bank statement loan evaluates the real picture.
Freelancers & Independent Contractors
1099 income? Multiple income streams? We can work with that.
Gig Economy Workers
Uber, Airbnb, and platform-based income qualifies with the right documentation.
Consultants & Business Professionals
Variable monthly income from consulting or project-based work is fully accounted for.
THE PROCESS
How Bank Statement Mortgages Work
01
Income Review
We analyze your monthly deposits to estimate qualifying income — based on actual cash flow, not taxable income.
02
Documentation
Provide 12–24 months of bank statements (business or personal). No tax returns, W-2s, or paystubs required.
03
Qualification
We structure a loan based on your actual cash flow — not taxable income. Fast underwriting designed for self-employed borrowers.
04
Closing
Fast and flexible underwriting designed for self-employed borrowers gets you to closing efficiently.
Instead of verifying your income with tax returns, lenders look at your total monthly deposits over the past 12–24 months. This provides a clearer, more realistic picture of your financial strength — and makes it possible to qualify even if your tax returns show lower income.
No tax returns, W-2s, or paystubs required
12 or 24 months of business or personal bank statements
Ideal for self-employed individuals, freelancers, and entrepreneurs
Fast underwriting and flexible loan programs
Competitive rates designed for non-traditional income
Personalized support from Pennsylvania-based mortgage experts
Minimum credit score requirements:
660 for 12 months of bank statements · 640 for 24 months. All loans are subject to underwriting approval.
COMMON MYTHS
4 Things Self-Employed Buyers Get Wrong About Mortgages
Many self-employed borrowers assume they won't qualify — and walk away before they even try. Here's what's actually true.
MYTH
"I need 2 years of self-employment history to qualify."
Most people assume lenders require a full two-year track record before considering your application.
REALITY
12 months of bank statements may be enough.
With a bank statement loan, 12 months of consistent deposits can be sufficient to qualify — depending on your credit profile and loan amount.
MYTH
"My tax returns show too little income — I'll never get approved."
Tax write-offs are great for reducing your tax bill, but they can make your income look much lower than it actually is.
REALITY
We use your actual deposits, not your taxable income.
Bank statement loans evaluate your real cash flow — not what's left after deductions. High write-offs don't disqualify you here.
MYTH
"I need perfect credit to qualify as self-employed."
The assumption is that non-traditional income means stricter credit requirements across the board.
REALITY
You may qualify with a score as low as 640.
Minimum credit score is 660 for 12 months or 640 for 24 months of bank statements. Far from perfect — and still very achievable.
MYTH
"Variable income means I can't plan for a mortgage."
Irregular monthly deposits make many self-employed buyers feel like their income is "too unpredictable" to qualify.
REALITY
We average your deposits over 12–24 months.
We look at your average monthly income across the statement period — smoothing out seasonal or project-based fluctuations.
IS THIS FOR YOU?
Who We Work Best With
Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number.
Have already found a home or are actively searching
Whether you're just browsing or ready to buy, we can help you secure the right financing.
Want a mortgage plan tailored to their financial goals
We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation.
Are looking for expert guidance, not just the lowest rate
A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision.
Understand that a good mortgage is an investment
We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today.