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

What is a bank statement loan, and how is it different from a no-doc loan?

Accepted Answer

A bank statement loan qualifies you on 12 to 24 months of business or personal bank deposits instead of tax returns, which suits self-employed borrowers whose returns understate their real income. A no-doc (or no-ratio) loan goes further and leans on the property and your reserves rather than any income calculation. Both are business-purpose loans for investment property, not consumer mortgages.

Question 7

Do I really not need tax returns or W-2s?

Accepted Answer

Correct. We do not ask for tax returns, W-2s, or pay stubs on these programs. We verify the deal, your credit, and either your bank-statement cash flow or your reserves, depending on the structure. It is built so write-offs and a complex return do not work against a strong borrower.

Question 8

Who is a bank statement or no-doc loan best for?

Accepted Answer

Self-employed investors, business owners, and 1099 or commission earners whose write-offs shrink their taxable income. If your bank deposits tell a stronger story than your tax return, this is usually the right fit.

Question 9

What credit score and down payment do I need?

Accepted Answer

We lend from a credit score of 640, with the best terms going to stronger credit, and a down payment starting around 20%. Across the market these programs often want 660 or higher and 20% to 30% down. Stronger credit and more equity improve both your rate and your leverage.

Question 10

What rates and terms can I expect?

Accepted Answer

Pricing is higher than a fully documented conventional loan because the lender takes on more uncertainty, and it varies with your credit, leverage, and the structure. We offer both short-term and long-term options, so we match the term to whether you are flipping, bridging, or holding.

Question 11

Can I close in an LLC?

Accepted Answer

Yes. These are business-purpose loans and routinely close in an LLC or other entity. Holding investment property in an entity is standard and often preferred.

Bank Statement / No-Doc in Jacksonville

How it works

Run your Bank Statement / No-Doc numbers.

Bank Statement / No-Doc in Jacksonville: local questions

Bank Statement / No-Doc questions, answered.

Guides for Bank Statement / No-Doc

Other programs in Jacksonville

Funding Jacksonville deals fast.