Self-employed borrowers
Business owners and 1099 earners whose tax returns understate cash flow — usually a bank statement loan.
Non-QM · Florida
Non-QM loans in Florida for borrowers outside the box.
Alternative-documentation residential mortgages for self-employed borrowers, investors and others whose income doesn't fit agency guidelines.
How it works.
Non-QM (non-qualified mortgage) loans are fully underwritten residential mortgages that use documentation or structures outside agency (Fannie Mae, Freddie Mac, FHA, VA) guidelines. They are not 'no-doc' loans; income, assets, credit and property are verified — just through different methods.
In Florida, the most common paths are bank statement loans for self-employed borrowers and DSCR loans for rental investors. Depending on program availability, other alternative-income methods may also be reviewed for your scenario.
Florida property considerations — condominium reviews, insurance and flood costs, and short-term rental rules in some communities — often matter as much as income documentation. We review them at the start.
Who it fits
Where this program does the most work.
Rental investors
Investors qualifying on rent instead of personal income — usually a DSCR loan.
Second-home buyers
Buyers whose income documentation doesn't fit agency rules for a Florida second home.
Borrowers with complex income
Mixed income sources that are easier to document through an alternative method.
Guideline snapshot
Common Florida Non-QM paths.
- Bank statement
- 12 or 24 months of deposits used as income — see Florida bank statement loans
- DSCR
- Qualifies on the property's rent compared with its payment — see Florida DSCR loans
- Other methods
- Additional alternative-income options reviewed per scenario and program availability
- Credit, down payment & reserves
- Program-dependent — quoted for your scenario
- Rates
- Generally above agency pricing; quoted per scenario
General ranges shown for orientation only. Guidelines, calculation methods, documentation, property eligibility, reserves, rates and terms vary by lender and program and are subject to change. This is not a pre-qualification, approval or commitment to lend.
Non-QM Loans Florida FAQ
Questions borrowers ask.
What is a Non-QM loan?
A fully underwritten mortgage that uses documentation or structures outside agency guidelines, such as bank statements or rental income instead of tax returns.
Is a Non-QM loan the same as a no-doc loan?
No. Income or property cash flow, assets, credit and the property are verified. Only the documentation method differs.
Which Non-QM loan is right for me?
Owner-occupants who are self-employed often use bank statements. Investors buying rentals often use DSCR. We compare options for your scenario.
Are Non-QM loans available in Florida?
Yes. Mike Keys (NMLS #2795829) with Clear Rate Mortgage (NMLS #2470446) offers Non-QM residential programs in Florida, subject to program guidelines and underwriting.
Can I refinance out of a Non-QM loan later?
Often. If your documentation later fits agency guidelines, a refinance may be possible, depending on rates, prepayment terms and qualification at that time.
Not sure which documentation path fits? That is the conversation.
Financing Provided Through
Clear Rate MortgageLicensed Mortgage Lender · NMLS #2470446
Mike Keys · NMLS #2795829 · Company NMLS #2470446
A boutique client experience, backed by a national lending platform.
- · Company licensed in 17 states
- · Broad portfolio of loan solutions
- · Experienced lending & operations team
- · Professional service from application through closing