Self Employed Mortgage Requirements in Florida

Last updated October 14, 2026

Self-employed Florida buyers can qualify with tax returns, 12 or 24 months of bank statements, 1099s, or a profit and loss statement, depending on which tells the strongest income story. I'm Travis Penny, and I work with self-employed buyers all over Florida through standard loans and my Florida self employed loans. Write-offs that save you money at tax time can shrink your income on paper, so the way we document it matters.

The four ways to show income

Tax returns: the standard route. Best when your returns show strong net income.
Bank statements: 12 or 24 months of deposits. Good when write-offs cut your taxable income.
1099s: for contractors paid on 1099s.
P&L: a profit and loss statement for your business.

FAQ

How long do I need to be self-employed to get a mortgage?

Two years is the usual guideline for Florida self-employed buyers working with Travis Penny, though some programs accept less with prior experience in the same line of work. Not everyone will qualify.

Can I get a mortgage if my taxes show low income?

Yes. Travis Penny can qualify Florida self-employed buyers on bank statements or a P&L when write-offs make tax returns show less income than you really earn.

Can a self-employed person get an FHA loan?

Yes. Travis Penny does FHA loans for self-employed Florida buyers, and eligible buyers can qualify on a P&L, with as little as 3.5% down on a primary home. Not everyone will qualify.

Can I get an FHA loan without tax returns?

Yes. Eligible wage earners may qualify for an FHA loan with Travis Penny in Florida using a written verification of employment from their employer, with as little as 3.5% down on a primary home. Not everyone will qualify.

What's the easiest mortgage for self-employed people?

It depends on your paperwork. For many Florida self-employed buyers, Travis Penny finds a bank statement loan easiest because it skips tax returns.

Bank statement or P&L, which is better?

Whichever shows more qualifying income for your business. Travis Penny runs both for Florida buyers and compares them.

I'll run your income all four ways and show you which one qualifies for the most. Text me at (207) 615-7770 or use the contact form.