Question 1

I run a small construction or trades crew in Duval County and get paid job to job. Will that income qualify me?

Accepted Answer

Yes, that's the income this loan is built to read. Construction employed 39,215 people in Duval County in the fourth quarter of 2025 at an average weekly wage of $1,748, one of the county's better-paid sectors. A self-employed contractor's tax return often runs thin after equipment write-offs and job-cost deductions, even when the deposits tell a stronger story. We work from 12 to 24 months of bank statements, so the real cash flow carries the file. If you're also flipping property on the side, the fix and flip loan pairs with this one.

Question 2

I work in Jacksonville's restaurant or hotel industry and my pay is a mix of base wages and tips. Can that count?

Accepted Answer

It can, and the sector is big enough that we see it often. Accommodation and food services employed 45,960 people in Duval County in the fourth quarter of 2025, at an average weekly wage of $579, roughly the same headcount as the county's finance and insurance sector. Tips and seasonal shift work rarely show up cleanly on a W-2, and a tax return built to minimize taxable income can understate what actually lands in the bank. Twelve to 24 months of deposits shows the real number instead.

Question 3

I used to work in finance in Jacksonville and now consult or freelance in the industry. Is that too unstable to qualify?

Accepted Answer

No, and you're not alone. The metro's financial activities sector shrank 10.0% over two years, from 75,700 jobs in June 2024 to 68,100 in June 2026, even though finance and insurance still pays the highest average weekly wage of any large sector in Duval County, $1,976 in the fourth quarter of 2025. If you left a staff role for independent consulting or 1099 work in that sector, this is exactly the file the loan exists for. Your invoices and deposits carry it, not a return shaped by a first-year business's deductions.

Question 4

I'm a self-employed logistics contractor or tradesperson working around JAXPORT. Does that kind of business income work here?

Accepted Answer

Yes. JAXPORT moved 1,388,841 TEUs of container cargo in fiscal 2025, up 3.6% from the prior year, and the port supports 30,764 direct port-dependent jobs in the Jacksonville area at an average salary of $76,706, according to a 2024 economic impact study the port commissioned. Duval County separately counted 49,535 transportation and warehousing jobs in the fourth quarter of 2025, more than either construction or finance and insurance. Independent operators, small logistics contractors, and marine trades businesses built around that port economy often carry income that a bank underwriter can't easily verify from a return alone. We look at what actually deposited. If you're buying a rental instead of running a business, the DSCR rental loan qualifies off the property's rent instead.

Question 5

How do Duval County's insurance and tax costs affect what my deposits need to cover as a self-employed buyer here?

Accepted Answer

Less than in most of Florida, which helps your reserves stretch further. As of March 31, 2026, the average Duval County homeowners premium including wind was $2,786, below every large Florida metro county in a comparable set: 21% below Hillsborough's $3,525 and 31% below Pinellas's $4,063. On property tax, expect roughly 17.2 to 19.0 mills depending on the urban services district, and remember that Florida's 10% non-homestead assessment cap does not apply to school district levies, which run 6.3430 of Duval's 17.7412 total mills. When we size reserves off your bank statements, those local carry costs, not a metro average, are what matter.

Question 6

My Duval County deposits are strong but my score is borderline. What is the floor on a Jacksonville bank statement loan?

Accepted Answer

Six hundred forty. The bank statement program starts at a 640 credit score, and strong deposits do not move that floor. If you are under it, conventional investment starts at 580, and the asset-based programs, fix and flip and bridge and construction, carry no minimum score at all because the property does the qualifying. A weaker file on those is usually met with lower leverage rather than a decline. There is no hard credit pull to start. Subject to underwriting.

Question 7

What do I need for a down payment on a Jacksonville bank statement purchase?

Accepted Answer

From 20% down. On a $300,000 Jacksonville property that is $60,000 from you and $240,000 from us (300,000 x 80% = 240,000), plus closing costs and reserves. Reserves are where Duval's lower carry helps a self-employed file: the county's average homeowners premium including wind was $2,786 as of March 31, 2026, well under Hillsborough at $3,525 and Pinellas at $4,063, so the same deposits stretch further here. Income comes from bank statements or no documents at all, never W-2s or tax returns. Subject to underwriting.

Question 8

Is there a minimum loan amount for a Jacksonville bank statement loan?

Accepted Answer

One hundred thousand dollars, up to $3,000,000. The program is investment and business-purpose only, and the term can run short-term or 30-year depending on how long you intend to hold. A low-priced Duval door can fall under that floor on its own, so check the purchase price against the minimum before you build the file. Subject to underwriting.

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