FL
● Open: No MLO License Required
Florida Wholesale Lending Footprint
Statutory licensing directives, eligible loan products, and originator compliance rules for closing wholesale transactions in Florida.
Compliance Directives & Licensing Requirements
BROKER LICENSE REQUIRED
No
MLO / ORIGINATOR LICENSE
No
CONSUMER QM STATUS
Non-QM Only
STATUS TIER
open_no_lic
Official Statutory Directives & Exception Notes
Open / No license required for Business Purpose.
Wholesale Financing Available in Florida
- DSCR (1-4 & 5-8 Units): Qualify on subject property rental cash flow up to 85% LTV.
- Bank Statement (12 & 24 Mo): Self-employed business & personal bank statement qualification up to $3.5M.
- Profit & Loss / 1099 Only: CPA certified P&L or 1099 wage forms with zero personal tax returns.
Florida Regulatory Directives & Dossier
Florida Regulatory Environment & OFR Guidelines
Regulated by the Florida Office of Financial Regulation (OFR) under Chapter 494 of the Florida Statutes. Non-owner occupied commercial transactions and business-purpose investor loans are exempt from Florida mortgage broker and loan originator licensing.
Lending Directives & Execution
- Compliance Tier: 🟢 Open / No License Required for Business Purpose and DSCR investor transactions.
- Borrowing Entity: Permitted in personal names or Florida LLCs/Corps. Foreign National financing is particularly active in Miami-Dade, Broward, Orange, and Hillsborough counties.
- Consumer QM: Fully approved for Consumer QM lending across all Florida counties.
< 2 HOUR DECISION
Submit Florida Scenario
Direct underwriter review for Florida wholesale originations. Submit transaction parameters below for immediate structuring, licensing exceptions, and written terms.