Self-Employed

3.5% Down. No Tax Returns.

The self-employed alternative to bank statement loans — same alt-doc qualification, but at 3.5% down instead of 20%. Built for borrowers your last lender turned away.

3.5% minimum down — not 20%
Qualify on a 12 or 24-month P&L, not tax returns
Up to the FHA county loan limit
21–30 day close possible

Get a real quote in 24 hours

No hard credit pull. No commitment.

How this stacks up

The only program in the market combining 3.5% down with no tax returns required.

	ConventionalConv.	FHA	Bank StatementBank Stmt	3.5% Down P&L
Min. down payment	3.5–5%	3.5%	15–20%	3.5%
Tax returns required	Yes	Yes	No	No
Income method	AGI / Schedule C	AGI / Schedule C	12–24 mo deposits	12–24 mo P&L
Self-employed friendly	Often no	Often no	Yes	Yes
Closing timeline	30–45 days	30–45 days	21–30 days	21–30 days

Already shopping a bank statement loan?

If a lender has quoted you a bank statement loan, you've already accepted alt-doc qualification. The catch they didn't fix: 20% down. We run the same kind of qualification on a P&L instead — at 3.5% down.

Bank statement loan

$100,000

20% down on a $500,000 home

3.5% Down P&L

$17,500

3.5% down on the same home

You keep
$82,500
in your pocket — same closing

Built for you if you're a:

Bank-statement-loan shopper

Already in-market for a 20%-down bank statement loan. We do the same alt-doc qualification at 3.5% down — keep the difference in your business.

High-write-off business owner

Strong revenue, aggressive (legitimate) deductions. Schedule C net doesn't tell your story. We use your real P&L.

Newer 1099 contractor

Less than two years on tax returns. Conventional won't touch you. You have the income — we just need to read it differently.

Cash-strong, down-payment-poor

Reserves tied up in equipment, inventory, or a recent business roll-over. You have cashflow, not 20% sitting in checking.

How it works

Send us your P&L

12 or 24 months, depending on your scenario. Borrower-prepared is fine — no CPA or bookkeeper required.

Real pre-qual in 24 hours

No commitment. No hard pull required for the soft review. Honest yes-or-no.

Close in as little as 21 days

Once you're under contract, we move fast. Most files close in 21–30 days.

Founded by Chris Harris — UCLA-trained electrical engineer, NASA veteran, inventor of a life-saving robotic medical device. Best Finance was built to bring engineering rigor to mortgage lending.

Connect on LinkedInchris@gobestfinance.com(813) 582-7432

Frequently asked questions

Do I really not need tax returns?

Correct — for income qualification. We may pull a transcript for fraud verification, but your P&L drives the qualifying decision.

Who prepares the P&L?

You can prepare it yourself — no CPA or bookkeeper required. We send a simple template and tell you exactly what is acceptable on the first call.

I was already approved for a bank statement loan at 20% down. Why switch?

Same alt-doc qualification — 3.5% down instead of 20%. On a $500,000 purchase you keep about $82,500 in your pocket. The rate is comparable. You were going to close anyway; we just save you five figures.

What's the maximum loan amount?

The FHA county loan limit for the property's location. Most Florida metros support purchases in the $500,000 range; high-cost counties go higher. If you're shopping above the FHA limit, this isn't the right product — and we'll tell you that on the first call.

What states do you lend in?

Arizona, California, Florida, Louisiana, and Texas. If you are outside those, we cannot help — but we will be honest about it on the call.

What's the rate?

Rates vary based on credit, LTV, and reserves. We quote a real number on the pre-qual call — not a teaser. Rates run modestly higher than conventional; for self-employed buyers who cannot qualify any other way at 3.5% down, the math works almost every time.

Get a real answer in 24 hours.

You've already been told no by lenders who don't understand self-employed income. We do.

Get a real quote in 24 hours

No hard credit pull. No commitment.

NMLS# 2011725 · Best Finance · Equal Housing Lender. All loans subject to credit approval and underwriting. Rates, terms, and program availability subject to change without notice. Not a commitment to lend.