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Program 06
Bank Statement / No-Doc in West Palm Beach
In West Palm Beach, bank statement loans skip the paperwork.
Built for self-employed investors whose tax returns don't tell the whole story. We qualify on bank-statement cash flow or on the asset itself, with no W-2s and no tax returns, so write-offs don't work against a strong borrower. Palm Beach County income arrives on a seasonal calendar, coast to Glades. Business-purpose only, and every structure is set in underwriting.
0
tax returns
No-doc
options
Self-employed
friendly
$3M
max loan
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
We can underwrite using 12 to 24 months of bank statements, or structure a no-doc loan that leans on the property and your reserves. It fits business owners, 1099 earners, and investors who don't fit a conventional income box.
Who it's for
Self-employed investors
Business and 1099 income
Investors with heavy write-offs
Personal name or LLC
Typical terms
Loan amount$100K to $3M
Income docsBank statements or none
PropertyInvestment / business-purpose
TermShort-term or 30-yr
CreditFrom 640
Down paymentFrom 20%
*Typical terms, subject to underwriting and market conditions.
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Local FAQ
Bank Statement / No-Doc in West Palm Beach, answered.
I run a hospitality business in Palm Beach County and my income swings with the season. Will lean months on my return work against me?
No, because we're reading your deposits, not the return. Leisure and hospitality employment in the West Palm Beach metro division was 94,900 in June 2026, down 0.7% from a year earlier, in a labor market where unemployment rose from 3.9% to 4.6% over the same period. That's a softer sector than the growth story some pages tell, and a return shaped by write-offs and slow months looks exactly like what a bank underwriter flags. We work from 12 to 24 months of bank statements instead, so real cash flow carries the file. If the loan is for a rental you already hold, our DSCR rental loan may also fit, since it qualifies off the property's own rent rather than your personal income at all.
I'm a self-employed contractor doing rehab and remodel work around West Palm Beach. My write-offs make my return look thin. Does that hurt me here?
It's the reason this loan exists. Construction employment in the metro fell 2.0% year over year to 43,500 in June 2026, a contracting trade base against a county impact-fee bill that runs roughly $15,000 to $16,000 on a new single-family home in unincorporated Palm Beach County before permit fees. A contractor carrying that overhead and normal depreciation on a return can look marginal to a conventional lender even in a healthy year. We qualify on 12 to 24 months of deposits, so the write-offs that make sense for your CPA don't have to work against your financing.
Sources: pbcgov.org
I self-manage a short-term rental in Palm Beach County and get paid through booking platforms and direct bookings. Do those deposits count?
Yes, and the county's own tax rules are part of why that income reads as a real operating business. Palm Beach County's Constitutional Tax Collector states plainly that the host, not the platform, must collect and remit the county's 6% tourist development tax, and a host must register a TDT account and hold a Short-Term Rental Local Business Tax Receipt for each property, renewed annually by September 30. That means an active operator is already filing monthly returns and running the deposits like a small business, and 12 to 24 months of bank statements can show it. Confirm your parcel's zoning first: the City of West Palm Beach is reported to limit most residential property to a six-month-and-one-day minimum rental term, with short stays confined to specific zoning districts, so check with the city before you count STR income on a West Palm Beach parcel specifically.
Sources: pbctax.gov, kelleygrantlaw.com
My business is tied to the Glades agricultural economy, not the coast. Can seasonal farm-related income still qualify me?
It can, and it's a bigger business than most lenders realize. Palm Beach County's own Cooperative Extension reports an estimated $1.397 billion in total agricultural sales for 2019-2020, the largest of any Florida county, with 440,209 acres, 35% of the county's land mass, in agricultural use as of 2017-18, and the county leads the nation in sugarcane, fresh sweet corn, and sweet bell pepper production. A grower, packer, or ag-services operator built around that calendar has income that's genuinely seasonal, not weak, and a full-year tax return can flatten it in ways that understate a strong operating business. Deposits over 12 to 24 months tell that story better than a Schedule C does.
Sources: discover.pbcgov.org
I keep seeing a 1.02% effective property tax rate for Palm Beach County. Is that what I should plan for as an investor?
No, that figure is homestead-blended and won't apply to you. It reflects owner-occupied property carrying decades of Save Our Homes caps. An investment purchase is assessed at market value with the cap reset at closing, and Palm Beach County's 2025 adopted millage puts an investor closer to 1.42% of assessed value in Royal Palm Beach or Jupiter, 1.59% in Boca Raton, and 2.04% in the City of West Palm Beach, before any fire or library district adders. Underwrite your carry off the actual millage for the parcel's city, not the county-wide average homeowners see in headlines.
Sources: pbcpao.gov
How much should I budget for insurance on a West Palm Beach investment property before I count on my deposits to cover the carry?
More than you'd expect relative to Miami or Fort Lauderdale. As of March 31, 2026, Palm Beach County's average homeowners premium including wind was $6,323, the highest of any mainland Florida county, running above both Miami-Dade ($5,975) and Broward ($6,136). On a property renting near the county's $2,662 observed rent index, that premium alone can eat more than two months of rent. If your bank statements show a healthy self-employed cash flow but the file is tight, size the insurance line against the specific city and structure type before you lock the deal.
Sources: floir.gov
What if my credit is under 640 on a West Palm Beach bank statement loan?
640 is where this program starts, so below it we look at a different structure instead of forcing the file. On the asset-based products there is no minimum score, and across the board weaker credit is usually offset with lower leverage rather than a decline. There is no hard credit pull to get an answer. If the property is a rental you already hold, a DSCR file qualifies off the property's own rent, and it starts at the same 640. Subject to underwriting.
How much cash do I need at closing on a West Palm Beach purchase with a bank statement loan?
Down payment starts at 20%, and the carry reserve behind it is the part self-employed borrowers underestimate. On a $400,000 West Palm Beach purchase, 20% is $80,000 (400,000 x 20% = 80,000) before closing costs. Then size the carry: Palm Beach County's average homeowners premium including wind was $6,323 as of March 31, 2026, the highest of any mainland Florida county, and the City of West Palm Beach millage puts an investor near 2.04% of assessed value before fire and library adders. Income is documented with 12 to 24 months of bank statements, or not at all on the asset-based route, but reserves still have to be there. Subject to underwriting.
Sources: floir.gov, pbcpao.gov
Is there a minimum loan size for a West Palm Beach bank statement loan?
We write from $100,000 to $3,000,000 on this program. That covers most working Palm Beach County purchases and a good part of the coastal range, and it is investment or business-purpose only, never a primary residence. Terms run short-term or 30-year, so the same deposit-based file can support a quick hold or a long one. Subject to underwriting.
More Bank Statement / No-Doc questions, answered on the program page
Resources
Guides for Bank Statement / No-Doc
Rental / DSCR · 5 min read
What Is a DSCR Loan? How Investors Qualify on Rental Income
Read the guide Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
Read the guide Bank Statement / No-Doc · 5 min read
Bank Statement and No-Doc Loans for Self-Employed Investors
Read the guide Rental / DSCR · 5 min read
How to Finance a Rental Property in an LLC
Read the guide Compare
Bank Statement / No-Doc vs. other options
More in West Palm Beach
Other programs in West Palm Beach
Fix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
About the local figures on this page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-13.
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