FHA P&L and FHA ITIN Loans in Florida
In Florida I can do FHA loans for self employed buyers using a profit and loss statement, and FHA loans for some ITIN borrowers. These are Florida only programs most lenders don't offer. Not everyone will qualify.
Can I get an FHA loan with a P&L?
Yes, in Florida. Instead of relying only on two years of tax returns, this program can use a profit and loss statement to show your self employed income, with FHA's lower down payment.
Can I get an FHA loan with an ITIN?
In Florida, yes, for some borrowers. Most FHA lenders require a Social Security number. I have an FHA option for ITIN buyers.
Can I get an FHA loan with a written VOE?
In Florida, there's an FHA option where your employer completes a written verification of employment instead of you gathering every pay stub.
Frequently asked questions
Can I get an FHA loan if I'm self employed for one year?
Possibly, in Florida, using a P&L. I'll review your history. Not everyone will qualify.
Is there an FHA loan without a Social Security number?
In Florida I have an FHA option for some ITIN borrowers.
What is an FHA P&L loan?
It's an FHA loan where a profit and loss statement helps document self employed income.
Are these available outside Florida?
No. They're Florida only.