Self-Employed in Broward? Here's How Gift Funds and Non-QM Loans Help You Buy a Home Faster| EZ Funding Group, Inc.
South Florida buyers in Miramar, Pembroke Pines, and Weston can accelerate their path to homeownership. Gift funds and Non-QM loan programs make it possible to qualify faster, even without traditional W-2 income or a large down payment saved.
Myth vs. Fact
You've probably heard, "Lenders don't allow gift money" or "Freelancers can't qualify without two years of W‑2s." As a South Florida mortgage broker serving Broward, Miami-Dade, and Palm Beach, EZ Funding Group can confirm: both are myths. When you follow the proper steps, gift funds are perfectly acceptable, and self-employed buyers across our region often qualify with Non-QM options designed for real-life income patterns.
3 Ways Gift Funds Help Broward Homebuyers
Gift funds from a parent or close relative can bridge your down payment gap, but lenders need a clean paper trail. Here's how Miramar and Hollywood buyers avoid red flags:
Get a signed gift letter stating the money is a gift, not a loan, and includes the donor's name, relationship, amount, and date.
Transfer funds transparently. A direct wire or cashier's check into your account or closing agent's escrow is best.
Show documentation. Be ready with donor bank statements or proof of withdrawal and your deposit receipt.
Local tip: Parents in Pembroke Pines often want to "help quietly" at the last minute. Loop us in early so we can prep the gift letter and verify acceptable sources; this keeps underwriting smooth and your closing on track.
Start your pre-approval now to confirm whether gift funds make sense for your situation.
Non-QM Options for South Florida's Self-Employed and Freelancers
If you're self-employed, a freelancer, or have multiple 1099s across Broward or Miami-Dade, Non-QM (non-qualified mortgage) programs can evaluate your ability to repay with alternative documentation:
Bank Statement Loans: Qualify using 12–24 months of business or personal bank deposits instead of tax returns, perfect for Weston entrepreneurs.
DSCR Loans for Investors: Debt Service Coverage Ratio focuses on a property's rental income versus payment, popular for Broward and Miami-Dade investors.
P&L-Only or Asset Depletion: Use CPA-prepared profit-and-loss or liquid assets to demonstrate qualifying strength.
From Pembroke Pines to Coral Gables, we regularly see entrepreneurs, rideshare drivers, and creatives qualify using real cash flow, not just W‑2s.
Next Steps for Miramar and Broward Buyers
Ready to explore your options? Here's what to do now:
Start your pre-approval online so we can confirm whether gift funds or a Non-QM path makes the most sense.
Bring questions early, especially about timing the gift transfer and what documentation your donor will need.
Review ourcomplete guide to South Florida loan programs to see all your low-down-payment options.
If you're thinking about buying or refinancing in South Florida, reach out today to explore your best options. Click below to start your pre-approval or schedule a quick meeting with us.
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