Flexible Mortgage Solutions for Self-Employed Professionals
Whether you're a business owner, medical professional or independent contractor, being your own boss shouldn’t mean compromising your dream of homeownership. At Seacoast Bank, we understand the unique financial situation of self-employed individuals and offer mortgage solutions tailored to your unique income structure.
Our Self-Employed Mortgage Loans provide competitive rates and flexible documentation options to help you achieve homeownership without compromise.
Features
Flexible Documentation: Accepts tax returns, bank statements and profit & loss reports
Custom Loan Programs: Fixed or adjustable rates for primary and second homes
Expert Guidance: Florida-based mortgage professionals offer personalized support and fast pre-approvals
Accessible Financing: Low down payment options available for qualified borrowers
High Loan Limits: Loans available up to $3 million
Full Loan Coverage: Up to 100% financing for qualified borrowers
Planning on buying a home? Get an estimate on monthly payments with our mortgage loan calculator or explore the current Florida mortgage rates for 15-year and 30-year fixed-rate loans.
At Seacoast Bank, we believe that being self-employed shouldn't be a barrier to homeownership. If you run your own business or earn income through contract work, you may qualify for a self-employed mortgage
This Loan is Ideal for:
Medical Professionals: Doctors, Dentists, Therapists and Veterinarians
Business Owners: Sole proprietors, LLC owner and S-Corp shareholders
Professionals with 1099 income: Consultants, contractors and freelancers
Real Estate Investors with documented rental income
Minimum Requirements:
Self-Employment History: At least two years of consistent self-employment or freelance income. In some cases, one year may be acceptable with prior experience in the same field.
Verifiable Income: Income must be documented through tax returns, bank statements or profit & loss statements.
Credit Score: A good credit history is important. While specific score requirements may vary by loan program, a score of 660 or higher is generally recommended.
Debt-to-Income Ratio (DTI): Your monthly debt payments, including the projected mortgage, should be within an acceptable range compared to your income.
Down Payment: Down payment requirements vary by loan type, but Seacoast offers low down payment options for qualified borrowers.
Applying for Your Self-Employed Mortgage with Seacoast
Create Your Account: Easily create a secure online personal mortgage portal that will be your private account for the duration of your application and approval process.
Begin Your Application: We understand the mortgage application process can be time-consuming, and life is busy. Within your online account you’re able to start an application and save your progress to return to when it’s most convenient for you.
Track Your Application: Quickly and easily track the progress of your mortgage application in your personal account. Conveniently see how your application is moving along through the approval process.
Equal Housing Lender. Member FDIC. NMLS# 608046
