• No Tax returns tax return Florida mortgage lenders use ITIN bank statement s to qualify!
• Use 12-24 months of ITIN bank statements.
• 1099 Only Florida mortgage lenders.
• Profit & Loss (P&L) statement mortgage lenders.

Employment Income Qualifying Income Documentation:

o Wage-Earning Borrowers
• Written Verification of Employment(VOE) requested by ITIN Mortgage Lenders verifying at least two years of employment and current income only (prior years’ income is not required). VOE must be completed and signed by the employer.
• If the business is family-owned, VOE must be completed and signed by the business’s CPA/Accountant/Tax Preparer.
• Satisfactory verification of employer’s validity to be completed by ITIN Mortgage Lenders. These would include but are not limited to:
o Google search (or comparable search engine)
o Reverse phone search
o Corp/LLC search per State Registry
o Filed Articles of Organization/Incorporation, Operating Agreement, or Bylaws
ITIN Mortgage Lenders staff to make a notation/explanation on the 1008 is required if there are no returns when attempting an internet search.
o Self-Employed Borrowers – Business Income / Validation:
• Must be self-employed for at least 1 year and in the same line of business for at least 2 years.
• Business License / Registration / Certification / Credentials to be provided, if applicable.
• An internet search or other satisfactory verification of the business is required with documentation to be included in the credit file to support the business’s existence. These would include but are not limited to:
o Google search (or comparable search engine)
o Reverse phone search
o Corp/LLC search per State Registry
o Filed Articles of Organization/Incorporation, Operating Agreement, or Bylaws ITIN Mortgage Lenders staff to make notation/explanation on the 1008 is required if there are no returns when
attempting an internet search.
o Self-Employed Borrower – CPA/Accountant/Tax Preparer/Enrolled Agent – Income Verification
• CPA/Accountant/Tax Preparer/Enrolled Agent’s letter confirming:
• Length of relationship with borrower
• Borrower’s position/title
• Ownership percentage of company
• Business inception date, and
• Statement on good standing of the borrower’s business
• CPA/Accountant/Tax Preparer/Enrolled Agent prepared 12-month Profit & Loss Statement
(P&L) for a period ending within 90 days of closing.
• Letter and P&L must be dated and signed on the accounting firm’s letterhead evidencing the signer’s contact information, or completed using ITIN Mortgage Lenders Profit & Loss and Self Employment Letter forms. CPA/Accountant/Tax Preparer/Enrolled Agent must have a valid PTIN (preparer tax identification number). Letter and/or P&L must not contain any exculpatory language that may compromise the integrity of the information provided.
• CPA/Accountant/Tax Preparer/Enrolled Agent must have an existing relationship with the borrower for at least one (1) year or have filed the borrower’s most recent tax return. ITIN Mortgage Lenders reserves the right to request additional information such as accepting a letter and P&L from a preparer with a shorter relationship history or from a preparer that did not file the borrower’s last tax return. This would be accompanied by a satisfactory explanation and supporting documentation establishing the accountant-client relationship. Examples may include but are not limited to: completing borrower’s business IRS Form 941 for the most recent quarter, review of the last 12-months’ business documents to produce P&L and intent to file next year’s
returns, etc.
• Satisfactory verification of business and CPA/Accountant/Tax Preparer/Enrolled Agent validity to
be completed and documented by ITIN Mortgage Lenders staff. Examples of verifications would include but
not be limited to:
• PTIN search https://www.ptindirectory.com/membership-certificates.cfm
• CPA verification https://cpaverify.org/ (CPA’s only)
• IRS website