Bank Statement Loan in Miami, Florida: Self-Employed Mortgage Guide (2026)

This is the central problem of self-employment mortgage qualification in Miami — and it’s not unique to you. It is the standard experience for Miami’s restaurant operators, Doral business owners, Brickell real estate professionals, and every other self-employed borrower in one of the most entrepreneurial cities in the United States.

The bank didn’t do anything wrong. It applied the tool it’s built to use. The tool is wrong for your income type. Bank statement loans replace the tool.

This guide covers exactly how bank statement loans work in Miami, Florida, what the income calculation looks like for the specific types of borrowers who use this program here, what neighborhoods and markets we lend in, and what you need to qualify.

Miami Self-Employed? No Tax Returns Required.
Bank statement loans throughout Miami-Dade County — 640 minimum credit score

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

Why Miami Borrowers Turn to Bank Statement Loans

Miami’s housing market has produced one of the most significant affordability gaps in the country — not because borrowers can’t afford homes, but because conventional income documentation doesn’t capture how Miami’s workforce actually earns money.

Consider what a typical Miami self-employed borrower looks like. They run a business generating $500,000 or more in annual revenue. Their accountant has structured the business to minimize tax liability — which is the correct move financially. The result: a tax return showing $120,000 in net income and a loan officer who looks at that number and tells them the most they can borrow is $400,000 in a market where the median home in Brickell or Coconut Grove is $700,000 to $1,500,000.

Bank statement loans close that gap. Mbanc reviews 24 months of deposits. The $500,000 in actual business cash flow supports the loan the borrower actually needs.

Miami Bank Statement Loan Program Details

Minimum Credit Score: 640. Borrowers at 680 and above access the best LTV options.

Maximum LTV: Florida state overlay applies — 85% for purchase transactions, 80% for refinances. This is the program ceiling regardless of credit score tier.

Maximum Loan Amount: $2,000,000 (Florida state overlay cap on the Prime Ascent program).

Minimum Loan Amount: $150,000.

Down Payment: Minimum 15% on a Miami primary residence purchase. For a $1,000,000 Miami home: $150,000 minimum down. For a $1,500,000 home: $225,000 minimum. For a $2,000,000 home at 85% LTV: $300,000 minimum.

Documentation: 12 or 24 months of personal or business bank statements. Income method selected based on which produces the highest qualifying income for your specific situation.

Reserves:
– LTV at or below 80%: 3 months PITIA
– LTV 80.01–85%: 6 months PITIA
– Loan above $1.5M: 9 months PITIA

Loan Terms: 15, 30, 40-year fixed; 5/6, 7/6, 10/6 ARM; interest only available.

Miami Neighborhoods and Property Markets Served

Mbanc lends throughout Miami-Dade County. Here are the key markets where our bank statement loan clients purchase:

Brickell / Downtown Miami — Financial professionals, international business operators, and tech executives purchasing condos and high-rises. Brickell’s median condo price exceeds $700,000, making bank statement qualification essential for self-employed buyers in this submarket. Note: condominiums are eligible for bank statement loans at Mbanc with a maximum 85% LTV.

Coconut Grove — One of Miami’s most desirable neighborhoods. Single-family homes regularly exceed $1,000,000. Business owners, attorneys, and executives purchasing here need loan amounts that conventional financing often can’t reach with their income documentation.

Coral Gables — Professional community with a high concentration of business owners, medical professionals, and international executives. Home values from $800,000 to $3,000,000+. The bank statement program at Mbanc reaches up to $2,000,000 in Florida.

Miami Beach — Extremely competitive market. Self-employed buyers purchasing on the Beach need both strong income qualification and fast closing capability. Mbanc closes bank statement loans in 21–30 days.

Wynwood / Edgewater — Growing arts and tech corridor attracting entrepreneurs and startup founders. Home values have risen sharply. Self-employed buyers in this market are classic bank statement loan candidates.

Doral — Large concentration of Latin American business owners and international entrepreneurs. Doral is one of the most active Non-QM lending markets in South Florida. Many Doral borrowers own businesses in both the US and their home country — their US bank deposits are the cleanest documentation of income.

South Miami / Pinecrest — Premium residential market. Professional practice owners, consultants, and business executives purchasing in Pinecrest and South Miami regularly need loan amounts that require strong income qualification.

Income Calculation Examples for Miami Borrowers

Example 1 — Brickell Restaurant Group Owner
Business generates $1,200,000 in annual gross deposits across two restaurant locations. CPA certifies 40% expense ratio. Qualifying income: $720,000 annually / $60,000 per month. At 43% DTI: supports approximately $25,800 monthly payment — enough for a $2,000,000 loan at current rates.

Example 2 — Doral Import/Export Business Owner
Business deposits average $85,000 per month over 24 months. Standard 50% expense ratio applied: $42,500 per month qualifying income / $510,000 annually. Qualifies for approximately $1,400,000 loan at competitive DTI.

Example 3 — Coral Gables Attorney in Private Practice
Personal bank deposits average $28,000 per month over 24 months after accounting for business transfers. Qualifying income: $28,000 per month / $336,000 annually. At 43% DTI: supports approximately $12,000 per month payment — covers a $1,600,000 loan range.

Miami Investment Properties

Miami’s investment property market — particularly in short-term rental zones like South Beach, Wynwood, and Brickell — is one of the most active in the country. Self-employed investors purchasing Miami investment properties can use bank statement loans when personal income qualification is stronger than the property’s DSCR qualification.

For Miami investment property purchases, bank statement loans are available through Mbanc with maximum LTV of 75–80% depending on credit score and loan amount.

Important for Miami condo investors: condominium investment properties are eligible, but maximum LTV is 85% and condotel/hotel-condo structures are subject to specific program guidelines. Confirm your property type eligibility with a loan officer before proceeding.

How to Apply for a Bank Statement Loan in Miami

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The bank looked at your Schedule C and saw $180,000. Your business account received $2,100,000. Both numbers are accurate. The bank used the wrong one.

This is the central problem of self-employment mortgage qualification in Miami — and it’s not unique to you. It is the standard experience for Miami’s restaurant operators, Doral business owners, Brickell real estate professionals, and every other self-employed borrower in one of the most entrepreneurial cities in the United States.

The bank didn’t do anything wrong. It applied the tool it’s built to use. The tool is wrong for your income type. Bank statement loans replace the tool.

This guide covers exactly how bank statement loans work in Miami, Florida, what the income calculation looks like for the specific types of borrowers who use this program here, what neighborhoods and markets we lend in, and what you need to qualify.

Miami Self-Employed? No Tax Returns Required.
Bank statement loans throughout Miami-Dade County — 640 minimum credit score

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

Why Miami Borrowers Turn to Bank Statement Loans

Miami’s housing market has produced one of the most significant affordability gaps in the country — not because borrowers can’t afford homes, but because conventional income documentation doesn’t capture how Miami’s workforce actually earns money.

Consider what a typical Miami self-employed borrower looks like. They run a business generating $500,000 or more in annual revenue. Their accountant has structured the business to minimize tax liability — which is the correct move financially. The result: a tax return showing $120,000 in net income and a loan officer who looks at that number and tells them the most they can borrow is $400,000 in a market where the median home in Brickell or Coconut Grove is $700,000 to $1,500,000.

Bank statement loans close that gap. Mbanc reviews 24 months of deposits. The $500,000 in actual business cash flow supports the loan the borrower actually needs.

Miami Bank Statement Loan Program Details

Minimum Credit Score: 640. Borrowers at 680 and above access the best LTV options.

Maximum LTV: Florida state overlay applies — 85% for purchase transactions, 80% for refinances. This is the program ceiling regardless of credit score tier.

Maximum Loan Amount: $2,000,000 (Florida state overlay cap on the Prime Ascent program).

Minimum Loan Amount: $150,000.

Down Payment: Minimum 15% on a Miami primary residence purchase. For a $1,000,000 Miami home: $150,000 minimum down. For a $1,500,000 home: $225,000 minimum. For a $2,000,000 home at 85% LTV: $300,000 minimum.

Documentation: 12 or 24 months of personal or business bank statements. Income method selected based on which produces the highest qualifying income for your specific situation.

Reserves:
– LTV at or below 80%: 3 months PITIA
– LTV 80.01–85%: 6 months PITIA
– Loan above $1.5M: 9 months PITIA

Loan Terms: 15, 30, 40-year fixed; 5/6, 7/6, 10/6 ARM; interest only available.

Miami Neighborhoods and Property Markets Served

Mbanc lends throughout Miami-Dade County. Here are the key markets where our bank statement loan clients purchase:

Brickell / Downtown Miami — Financial professionals, international business operators, and tech executives purchasing condos and high-rises. Brickell’s median condo price exceeds $700,000, making bank statement qualification essential for self-employed buyers in this submarket. Note: condominiums are eligible for bank statement loans at Mbanc with a maximum 85% LTV.

Coconut Grove — One of Miami’s most desirable neighborhoods. Single-family homes regularly exceed $1,000,000. Business owners, attorneys, and executives purchasing here need loan amounts that conventional financing often can’t reach with their income documentation.

Coral Gables — Professional community with a high concentration of business owners, medical professionals, and international executives. Home values from $800,000 to $3,000,000+. The bank statement program at Mbanc reaches up to $2,000,000 in Florida.

Miami Beach — Extremely competitive market. Self-employed buyers purchasing on the Beach need both strong income qualification and fast closing capability. Mbanc closes bank statement loans in 21–30 days.

Wynwood / Edgewater — Growing arts and tech corridor attracting entrepreneurs and startup founders. Home values have risen sharply. Self-employed buyers in this market are classic bank statement loan candidates.

Doral — Large concentration of Latin American business owners and international entrepreneurs. Doral is one of the most active Non-QM lending markets in South Florida. Many Doral borrowers own businesses in both the US and their home country — their US bank deposits are the cleanest documentation of income.

South Miami / Pinecrest — Premium residential market. Professional practice owners, consultants, and business executives purchasing in Pinecrest and South Miami regularly need loan amounts that require strong income qualification.

Income Calculation Examples for Miami Borrowers

Example 1 — Brickell Restaurant Group Owner
Business generates $1,200,000 in annual gross deposits across two restaurant locations. CPA certifies 40% expense ratio. Qualifying income: $720,000 annually / $60,000 per month. At 43% DTI: supports approximately $25,800 monthly payment — enough for a $2,000,000 loan at current rates.

Example 2 — Doral Import/Export Business Owner
Business deposits average $85,000 per month over 24 months. Standard 50% expense ratio applied: $42,500 per month qualifying income / $510,000 annually. Qualifies for approximately $1,400,000 loan at competitive DTI.

Example 3 — Coral Gables Attorney in Private Practice
Personal bank deposits average $28,000 per month over 24 months after accounting for business transfers. Qualifying income: $28,000 per month / $336,000 annually. At 43% DTI: supports approximately $12,000 per month payment — covers a $1,600,000 loan range.

Miami Investment Properties

Miami’s investment property market — particularly in short-term rental zones like South Beach, Wynwood, and Brickell — is one of the most active in the country. Self-employed investors purchasing Miami investment properties can use bank statement loans when personal income qualification is stronger than the property’s DSCR qualification.

For Miami investment property purchases, bank statement loans are available through Mbanc with maximum LTV of 75–80% depending on credit score and loan amount.

Important for Miami condo investors: condominium investment properties are eligible, but maximum LTV is 85% and condotel/hotel-condo structures are subject to specific program guidelines. Confirm your property type eligibility with a loan officer before proceeding.

How to Apply for a Bank Statement Loan in Miami

1. Contact Mbanc — a Non-QM loan officer handles your file from the first call
2. Discuss your business type, approximate deposit history, and target loan amount
3. Gather 12–24 months of bank statements (your loan officer advises on the optimal period)
4. Request a CPA expense ratio letter if your actual expenses are below 50% of gross deposits
5. Provide asset documentation for down payment and reserves
6. Receive pre-approval — typically within 24–48 hours of complete documentation
7. Close in 21–30 days

Mbanc is licensed in Florida (License #MLD1287) and has closed bank statement loans across Miami-Dade, Broward, and Palm Beach Counties.

Frequently Asked Questions — Miami Bank Statement Loans

What is the maximum loan amount for a bank statement loan in Miami?

$2,000,000. Florida’s state overlay caps the Prime Ascent program at $2,000,000 for Miami and all other Florida markets. The minimum is $150,000.

What is the minimum down payment on a Miami bank statement loan?

15% — reflecting the 85% maximum LTV for Florida purchase transactions. On a $1,200,000 Miami purchase, that’s $180,000 minimum down. Most Miami borrowers at this purchase price put 20–25% down.

Does Mbanc lend on Miami condos with bank statements?

Yes. Condominiums in Miami are eligible for bank statement loans. Maximum LTV on condos is 85%. Note that condotel / hotel-condo structures have separate program guidelines — confirm your specific property type before applying.

I’m an international business owner based in Miami. Can I qualify?

If you are a US citizen, permanent resident alien, or qualifying non-permanent resident alien, you can qualify for a primary residence or investment property bank statement loan. Your US business deposits are used for income calculation regardless of where your business operates internationally.

Can I use a bank statement loan to buy a Miami investment property?

Yes. Mbanc offers bank statement loans for Miami investment properties. Investment property LTV is 75–80% depending on credit score and loan amount. Mbanc also offers DSCR loans in Miami for investment properties that qualify on rental income.

What credit score do I need for a Miami bank statement loan?

Minimum 640. Borrowers at 680 and above access the best LTV options under the Florida program. Borrowers at 720 and above access the most favorable overall terms.

About the Author

Mayer Dallal is the Managing Director of Mbanc (Mortgage Bank of California, NMLS #38232), a consumer-direct Non-QM lender specializing in bank statement loans, DSCR loans, and asset utilization programs for self-employed borrowers and real estate investors. Mbanc is licensed in 22 states for primary residence lending plus an additional 24 states and Washington DC for non-owner-occupied investment property financing under the business-purpose exemption.

Miami Borrowers: Your Bank Statements Are Your Qualification.
No tax returns · FL License #MLD1287 · 21–30 day close

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

FAQ SCHEMA (JSON-LD)The bank looked at your Schedule C and saw $180,000. Your business account received $2,100,000. Both numbers are accurate. The bank used the wrong one.

This is the central problem of self-employment mortgage qualification in Miami — and it’s not unique to you. It is the standard experience for Miami’s restaurant operators, Doral business owners, Brickell real estate professionals, and every other self-employed borrower in one of the most entrepreneurial cities in the United States.

The bank didn’t do anything wrong. It applied the tool it’s built to use. The tool is wrong for your income type. Bank statement loans replace the tool.

This guide covers exactly how bank statement loans work in Miami, Florida, what the income calculation looks like for the specific types of borrowers who use this program here, what neighborhoods and markets we lend in, and what you need to qualify.

Miami Self-Employed? No Tax Returns Required.
Bank statement loans throughout Miami-Dade County — 640 minimum credit score

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

Why Miami Borrowers Turn to Bank Statement Loans

Miami’s housing market has produced one of the most significant affordability gaps in the country — not because borrowers can’t afford homes, but because conventional income documentation doesn’t capture how Miami’s workforce actually earns money.

Consider what a typical Miami self-employed borrower looks like. They run a business generating $500,000 or more in annual revenue. Their accountant has structured the business to minimize tax liability — which is the correct move financially. The result: a tax return showing $120,000 in net income and a loan officer who looks at that number and tells them the most they can borrow is $400,000 in a market where the median home in Brickell or Coconut Grove is $700,000 to $1,500,000.

Bank statement loans close that gap. Mbanc reviews 24 months of deposits. The $500,000 in actual business cash flow supports the loan the borrower actually needs.

Miami Bank Statement Loan Program Details

Minimum Credit Score: 640. Borrowers at 680 and above access the best LTV options.

Maximum LTV: Florida state overlay applies — 85% for purchase transactions, 80% for refinances. This is the program ceiling regardless of credit score tier.

Maximum Loan Amount: $2,000,000 (Florida state overlay cap on the Prime Ascent program).

Minimum Loan Amount: $150,000.

Down Payment: Minimum 15% on a Miami primary residence purchase. For a $1,000,000 Miami home: $150,000 minimum down. For a $1,500,000 home: $225,000 minimum. For a $2,000,000 home at 85% LTV: $300,000 minimum.

Documentation: 12 or 24 months of personal or business bank statements. Income method selected based on which produces the highest qualifying income for your specific situation.

Reserves:
– LTV at or below 80%: 3 months PITIA
– LTV 80.01–85%: 6 months PITIA
– Loan above $1.5M: 9 months PITIA

Loan Terms: 15, 30, 40-year fixed; 5/6, 7/6, 10/6 ARM; interest only available.

Miami Neighborhoods and Property Markets Served

Mbanc lends throughout Miami-Dade County. Here are the key markets where our bank statement loan clients purchase:

Brickell / Downtown Miami — Financial professionals, international business operators, and tech executives purchasing condos and high-rises. Brickell’s median condo price exceeds $700,000, making bank statement qualification essential for self-employed buyers in this submarket. Note: condominiums are eligible for bank statement loans at Mbanc with a maximum 85% LTV.

Coconut Grove — One of Miami’s most desirable neighborhoods. Single-family homes regularly exceed $1,000,000. Business owners, attorneys, and executives purchasing here need loan amounts that conventional financing often can’t reach with their income documentation.

Coral Gables — Professional community with a high concentration of business owners, medical professionals, and international executives. Home values from $800,000 to $3,000,000+. The bank statement program at Mbanc reaches up to $2,000,000 in Florida.

Miami Beach — Extremely competitive market. Self-employed buyers purchasing on the Beach need both strong income qualification and fast closing capability. Mbanc closes bank statement loans in 21–30 days.

Wynwood / Edgewater — Growing arts and tech corridor attracting entrepreneurs and startup founders. Home values have risen sharply. Self-employed buyers in this market are classic bank statement loan candidates.

Doral — Large concentration of Latin American business owners and international entrepreneurs. Doral is one of the most active Non-QM lending markets in South Florida. Many Doral borrowers own businesses in both the US and their home country — their US bank deposits are the cleanest documentation of income.

South Miami / Pinecrest — Premium residential market. Professional practice owners, consultants, and business executives purchasing in Pinecrest and South Miami regularly need loan amounts that require strong income qualification.

Income Calculation Examples for Miami Borrowers

Example 1 — Brickell Restaurant Group Owner
Business generates $1,200,000 in annual gross deposits across two restaurant locations. CPA certifies 40% expense ratio. Qualifying income: $720,000 annually / $60,000 per month. At 43% DTI: supports approximately $25,800 monthly payment — enough for a $2,000,000 loan at current rates.

Example 2 — Doral Import/Export Business Owner
Business deposits average $85,000 per month over 24 months. Standard 50% expense ratio applied: $42,500 per month qualifying income / $510,000 annually. Qualifies for approximately $1,400,000 loan at competitive DTI.

Example 3 — Coral Gables Attorney in Private Practice
Personal bank deposits average $28,000 per month over 24 months after accounting for business transfers. Qualifying income: $28,000 per month / $336,000 annually. At 43% DTI: supports approximately $12,000 per month payment — covers a $1,600,000 loan range.

Miami Investment Properties

Miami’s investment property market — particularly in short-term rental zones like South Beach, Wynwood, and Brickell — is one of the most active in the country. Self-employed investors purchasing Miami investment properties can use bank statement loans when personal income qualification is stronger than the property’s DSCR qualification.

For Miami investment property purchases, bank statement loans are available through Mbanc with maximum LTV of 75–80% depending on credit score and loan amount.

Important for Miami condo investors: condominium investment properties are eligible, but maximum LTV is 85% and condotel/hotel-condo structures are subject to specific program guidelines. Confirm your property type eligibility with a loan officer before proceeding.

How to Apply for a Bank Statement Loan in Miami

1. Contact Mbanc — a Non-QM loan officer handles your file from the first call
2. Discuss your business type, approximate deposit history, and target loan amount
3. Gather 12–24 months of bank statements (your loan officer advises on the optimal period)
4. Request a CPA expense ratio letter if your actual expenses are below 50% of gross deposits
5. Provide asset documentation for down payment and reserves
6. Receive pre-approval — typically within 24–48 hours of complete documentation
7. Close in 21–30 days

Mbanc is licensed in Florida (License #MLD1287) and has closed bank statement loans across Miami-Dade, Broward, and Palm Beach Counties.

Frequently Asked Questions — Miami Bank Statement Loans

What is the maximum loan amount for a bank statement loan in Miami?

$2,000,000. Florida’s state overlay caps the Prime Ascent program at $2,000,000 for Miami and all other Florida markets. The minimum is $150,000.

What is the minimum down payment on a Miami bank statement loan?

15% — reflecting the 85% maximum LTV for Florida purchase transactions. On a $1,200,000 Miami purchase, that’s $180,000 minimum down. Most Miami borrowers at this purchase price put 20–25% down.

Does Mbanc lend on Miami condos with bank statements?

Yes. Condominiums in Miami are eligible for bank statement loans. Maximum LTV on condos is 85%. Note that condotel / hotel-condo structures have separate program guidelines — confirm your specific property type before applying.

I’m an international business owner based in Miami. Can I qualify?

If you are a US citizen, permanent resident alien, or qualifying non-permanent resident alien, you can qualify for a primary residence or investment property bank statement loan. Your US business deposits are used for income calculation regardless of where your business operates internationally.

Can I use a bank statement loan to buy a Miami investment property?

Yes. Mbanc offers bank statement loans for Miami investment properties. Investment property LTV is 75–80% depending on credit score and loan amount. Mbanc also offers DSCR loans in Miami for investment properties that qualify on rental income.

What credit score do I need for a Miami bank statement loan?

Minimum 640. Borrowers at 680 and above access the best LTV options under the Florida program. Borrowers at 720 and above access the most favorable overall terms.

About the Author

Mayer Dallal is the Managing Director of Mbanc (Mortgage Bank of California, NMLS #38232), a consumer-direct Non-QM lender specializing in bank statement loans, DSCR loans, and asset utilization programs for self-employed borrowers and real estate investors. Mbanc is licensed in 22 states for primary residence lending plus an additional 24 states and Washington DC for non-owner-occupied investment property financing under the business-purpose exemption.

Miami Borrowers: Your Bank Statements Are Your Qualification.
No tax returns · FL License #MLD1287 · 21–30 day close

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

FAQ SCHEMA (JSON-LD)The bank looked at your Schedule C and saw $180,000. Your business account received $2,100,000. Both numbers are accurate. The bank used the wrong one.

This is the central problem of self-employment mortgage qualification in Miami — and it’s not unique to you. It is the standard experience for Miami’s restaurant operators, Doral business owners, Brickell real estate professionals, and every other self-employed borrower in one of the most entrepreneurial cities in the United States.

The bank didn’t do anything wrong. It applied the tool it’s built to use. The tool is wrong for your income type. Bank statement loans replace the tool.

This guide covers exactly how bank statement loans work in Miami, Florida, what the income calculation looks like for the specific types of borrowers who use this program here, what neighborhoods and markets we lend in, and what you need to qualify.

Miami Self-Employed? No Tax Returns Required.
Bank statement loans throughout Miami-Dade County — 640 minimum credit score

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

Why Miami Borrowers Turn to Bank Statement Loans

Miami’s housing market has produced one of the most significant affordability gaps in the country — not because borrowers can’t afford homes, but because conventional income documentation doesn’t capture how Miami’s workforce actually earns money.

Consider what a typical Miami self-employed borrower looks like. They run a business generating $500,000 or more in annual revenue. Their accountant has structured the business to minimize tax liability — which is the correct move financially. The result: a tax return showing $120,000 in net income and a loan officer who looks at that number and tells them the most they can borrow is $400,000 in a market where the median home in Brickell or Coconut Grove is $700,000 to $1,500,000.

Bank statement loans close that gap. Mbanc reviews 24 months of deposits. The $500,000 in actual business cash flow supports the loan the borrower actually needs.

Miami Bank Statement Loan Program Details

Minimum Credit Score: 640. Borrowers at 680 and above access the best LTV options.

Maximum LTV: Florida state overlay applies — 85% for purchase transactions, 80% for refinances. This is the program ceiling regardless of credit score tier.

Maximum Loan Amount: $2,000,000 (Florida state overlay cap on the Prime Ascent program).

Minimum Loan Amount: $150,000.

Down Payment: Minimum 15% on a Miami primary residence purchase. For a $1,000,000 Miami home: $150,000 minimum down. For a $1,500,000 home: $225,000 minimum. For a $2,000,000 home at 85% LTV: $300,000 minimum.

Documentation: 12 or 24 months of personal or business bank statements. Income method selected based on which produces the highest qualifying income for your specific situation.

Reserves:
– LTV at or below 80%: 3 months PITIA
– LTV 80.01–85%: 6 months PITIA
– Loan above $1.5M: 9 months PITIA

Loan Terms: 15, 30, 40-year fixed; 5/6, 7/6, 10/6 ARM; interest only available.

Miami Neighborhoods and Property Markets Served

Mbanc lends throughout Miami-Dade County. Here are the key markets where our bank statement loan clients purchase:

Brickell / Downtown Miami — Financial professionals, international business operators, and tech executives purchasing condos and high-rises. Brickell’s median condo price exceeds $700,000, making bank statement qualification essential for self-employed buyers in this submarket. Note: condominiums are eligible for bank statement loans at Mbanc with a maximum 85% LTV.

Coconut Grove — One of Miami’s most desirable neighborhoods. Single-family homes regularly exceed $1,000,000. Business owners, attorneys, and executives purchasing here need loan amounts that conventional financing often can’t reach with their income documentation.

Coral Gables — Professional community with a high concentration of business owners, medical professionals, and international executives. Home values from $800,000 to $3,000,000+. The bank statement program at Mbanc reaches up to $2,000,000 in Florida.

Miami Beach — Extremely competitive market. Self-employed buyers purchasing on the Beach need both strong income qualification and fast closing capability. Mbanc closes bank statement loans in 21–30 days.

Wynwood / Edgewater — Growing arts and tech corridor attracting entrepreneurs and startup founders. Home values have risen sharply. Self-employed buyers in this market are classic bank statement loan candidates.

Doral — Large concentration of Latin American business owners and international entrepreneurs. Doral is one of the most active Non-QM lending markets in South Florida. Many Doral borrowers own businesses in both the US and their home country — their US bank deposits are the cleanest documentation of income.

South Miami / Pinecrest — Premium residential market. Professional practice owners, consultants, and business executives purchasing in Pinecrest and South Miami regularly need loan amounts that require strong income qualification.

Income Calculation Examples for Miami Borrowers

Example 1 — Brickell Restaurant Group Owner
Business generates $1,200,000 in annual gross deposits across two restaurant locations. CPA certifies 40% expense ratio. Qualifying income: $720,000 annually / $60,000 per month. At 43% DTI: supports approximately $25,800 monthly payment — enough for a $2,000,000 loan at current rates.

Example 2 — Doral Import/Export Business Owner
Business deposits average $85,000 per month over 24 months. Standard 50% expense ratio applied: $42,500 per month qualifying income / $510,000 annually. Qualifies for approximately $1,400,000 loan at competitive DTI.

Example 3 — Coral Gables Attorney in Private Practice
Personal bank deposits average $28,000 per month over 24 months after accounting for business transfers. Qualifying income: $28,000 per month / $336,000 annually. At 43% DTI: supports approximately $12,000 per month payment — covers a $1,600,000 loan range.

Miami Investment Properties

Miami’s investment property market — particularly in short-term rental zones like South Beach, Wynwood, and Brickell — is one of the most active in the country. Self-employed investors purchasing Miami investment properties can use bank statement loans when personal income qualification is stronger than the property’s DSCR qualification.

For Miami investment property purchases, bank statement loans are available through Mbanc with maximum LTV of 75–80% depending on credit score and loan amount.

Important for Miami condo investors: condominium investment properties are eligible, but maximum LTV is 85% and condotel/hotel-condo structures are subject to specific program guidelines. Confirm your property type eligibility with a loan officer before proceeding.

How to Apply for a Bank Statement Loan in Miami

1. Contact Mbanc — a Non-QM loan officer handles your file from the first call
2. Discuss your business type, approximate deposit history, and target loan amount
3. Gather 12–24 months of bank statements (your loan officer advises on the optimal period)
4. Request a CPA expense ratio letter if your actual expenses are below 50% of gross deposits
5. Provide asset documentation for down payment and reserves
6. Receive pre-approval — typically within 24–48 hours of complete documentation
7. Close in 21–30 days

Mbanc is licensed in Florida (License #MLD1287) and has closed bank statement loans across Miami-Dade, Broward, and Palm Beach Counties.

Frequently Asked Questions — Miami Bank Statement Loans

What is the maximum loan amount for a bank statement loan in Miami?

$2,000,000. Florida’s state overlay caps the Prime Ascent program at $2,000,000 for Miami and all other Florida markets. The minimum is $150,000.

What is the minimum down payment on a Miami bank statement loan?

15% — reflecting the 85% maximum LTV for Florida purchase transactions. On a $1,200,000 Miami purchase, that’s $180,000 minimum down. Most Miami borrowers at this purchase price put 20–25% down.

Does Mbanc lend on Miami condos with bank statements?

Yes. Condominiums in Miami are eligible for bank statement loans. Maximum LTV on condos is 85%. Note that condotel / hotel-condo structures have separate program guidelines — confirm your specific property type before applying.

I’m an international business owner based in Miami. Can I qualify?

If you are a US citizen, permanent resident alien, or qualifying non-permanent resident alien, you can qualify for a primary residence or investment property bank statement loan. Your US business deposits are used for income calculation regardless of where your business operates internationally.

Can I use a bank statement loan to buy a Miami investment property?

Yes. Mbanc offers bank statement loans for Miami investment properties. Investment property LTV is 75–80% depending on credit score and loan amount. Mbanc also offers DSCR loans in Miami for investment properties that qualify on rental income.

What credit score do I need for a Miami bank statement loan?

Minimum 640. Borrowers at 680 and above access the best LTV options under the Florida program. Borrowers at 720 and above access the most favorable overall terms.

About the Author

Mayer Dallal is the Managing Director of Mbanc (Mortgage Bank of California, NMLS #38232), a consumer-direct Non-QM lender specializing in bank statement loans, DSCR loans, and asset utilization programs for self-employed borrowers and real estate investors. Mbanc is licensed in 22 states for primary residence lending plus an additional 24 states and Washington DC for non-owner-occupied investment property financing under the business-purpose exemption.

Miami Borrowers: Your Bank Statements Are Your Qualification.
No tax returns · FL License #MLD1287 · 21–30 day close

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

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Mbanc is licensed in Florida (License #MLD1287) and has closed bank statement loans across Miami-Dade, Broward, and Palm Beach Counties.

Frequently Asked Questions — Miami Bank Statement Loans

What is the maximum loan amount for a bank statement loan in Miami?

$2,000,000. Florida’s state overlay caps the Prime Ascent program at $2,000,000 for Miami and all other Florida markets. The minimum is $150,000.

What is the minimum down payment on a Miami bank statement loan?

15% — reflecting the 85% maximum LTV for Florida purchase transactions. On a $1,200,000 Miami purchase, that’s $180,000 minimum down. Most Miami borrowers at this purchase price put 20–25% down.

Does Mbanc lend on Miami condos with bank statements?

Yes. Condominiums in Miami are eligible for bank statement loans. Maximum LTV on condos is 85%. Note that condotel / hotel-condo structures have separate program guidelines — confirm your specific property type before applying.

I’m an international business owner based in Miami. Can I qualify?

If you are a US citizen, permanent resident alien, or qualifying non-permanent resident alien, you can qualify for a primary residence or investment property bank statement loan. Your US business deposits are used for income calculation regardless of where your business operates internationally.

Can I use a bank statement loan to buy a Miami investment property?

Yes. Mbanc offers bank statement loans for Miami investment properties. Investment property LTV is 75–80% depending on credit score and loan amount. Mbanc also offers DSCR loans in Miami for investment properties that qualify on rental income.

What credit score do I need for a Miami bank statement loan?

Minimum 640. Borrowers at 680 and above access the best LTV options under the Florida program. Borrowers at 720 and above access the most favorable overall terms.

About the Author

Mayer Dallal is the Managing Director of Mbanc (Mortgage Bank of California, NMLS #38232), a consumer-direct Non-QM lender specializing in bank statement loans, DSCR loans, and asset utilization programs for self-employed borrowers and real estate investors. Mbanc is licensed in 22 states for primary residence lending plus an additional 24 states and Washington DC for non-owner-occupied investment property financing under the business-purpose exemption.

Miami Borrowers: Your Bank Statements Are Your Qualification.
No tax returns · FL License #MLD1287 · 21–30 day close

Mbanc NMLS #38232 | Florida Mortgage Lender License #MLD1287 | Equal Housing Opportunity Lender

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