Bank Statement Loans in West Palm Beach – Self-Employed Mortgage

Finally, a home loan designed for West Palm Beach’s self-employed, freelancers, and business owners. CTC’s Bank Statement Loan program lets you qualify based on your actual bank deposits—not W-2s or tax returns—so your business success counts where it matters.

The Self-Employed Solution: Qualify With Your Bank Deposits

Bank statement loans are ideal for entrepreneurs, contractors, and professionals with non-traditional income streams. Instead of verifying income with tax returns, we review 12 or 24 months of your personal or business bank statements to document consistent cash flow. This means write-offs and business expenses won’t block your path to homeownership in West Palm Beach.

Bank Statement Mortgage Features—West Palm Beach

Qualify With Bank Deposits

Use personal or business statements (12–24 months).

Down Payments as Low as 10–20%

Amount depends on your credit, assets, and scenario.

Credit Score Starting at 600–680

Flexible guidelines for self-employed borrowers.

No PMI With Larger Down Payments

Save money compared to many traditional loans.

Loan Amounts Up to $3 Million

CTC can fund high-value and luxury properties.

Fixed or Adjustable Terms

Use a conventional loan for primary residences, second homes, condos, and investment properties (if property meets lending guidelines).

Transparent Rates

Typically 1–2% above conventional loans, with fair, clear terms.

Buildings with white walls, wooden accents, and a palm tree against a blue sky.

Is a Bank Statement Mortgage Right for You?

South Florida’s entrepreneurial spirit means many buyers don’t fit the mold. Bank statement loans are a great fit for:

Business owners in downtown West Palm

Independent contractors, tech founders, creatives, medical practice owners

Anyone with significant deposits but limited “taxable income” due to write-offs

CTC’s Expertise in Alternative Documentation Loans

Not every lender offers these solutions, but CTC specializes in alternative documentation. Our local team guides you step-by-step—analyzing your deposits, helping with paperwork, and answering every question. With over 50 self-employed Floridians financed last year, we know what it takes to get your unique income approved.


Explore other flexible programs like our DSCR Loans for investment properties, or ask about refinancing with a bank statement mortgage.


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Bank Statement Loan FAQ – West Palm Beach

Frequently Asked Questions

  • What counts as income on a bank statement loan?

    We review your deposits over 12–24 months and apply an expense factor to estimate monthly income. Good cash flow, not just tax returns, is what matters.

  • Do I need to have my business for a certain time?

    Usually, 2 years of self-employment is required, but exceptions may be possible—ask our team to review your file.

  • What interest rates do bank statement loans have?

    Rates are typically 1–2% higher than standard conventional loans. See today’s rates and compare options with our mortgage calculators.

  • Can I use a bank statement loan to refinance?

    Yes—many self-employed clients use these to refinance when traditional income docs don’t qualify them.

  • Are bank statement loans QM (Qualified Mortgages)?

    Most are “Non-QM,” meaning they don’t meet standard agency guidelines, but are safe, reputable loans through approved lenders.

Ready to Leverage Your Bank Deposits for a Home in West Palm Beach?

Stop letting tax returns hold you back—see what you qualify for based on your real income. Contact our West Palm Beach team for a confidential analysis and custom mortgage solution.