Non-QM Mortgage Guide

Can I Get a Mortgage in Texas Using Bank Statements?

Q: Can I get a mortgage in Texas using bank statements?

Yes — Texas bank statement loans are available for self-employed borrowers, business owners, freelancers, and gig workers. Instead of tax returns, lenders use 12–24 months of bank statements to verify income. Eddie Gamez specializes in Non-QM bank statement loans across Texas.

Q: Who qualifies for a bank statement loan in Texas?

Self-employed business owners, freelancers, 1099 contractors, real estate investors, and cash-heavy business owners (restaurants, retail) who write off significant expenses and show low taxable income on tax returns.

Yes — Texas bank statement loans are a real mortgage option for self-employed borrowers, business owners, freelancers, and gig workers who cannot qualify using traditional W-2 income. Instead of tax returns, lenders use 12–24 months of bank statements to verify your income. Eddie Gamez specializes in Non-QM loans and works with lenders who offer bank statement programs across Texas.

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Who Qualifies for a Bank Statement Loan in Texas?

Bank statement loans are designed for borrowers whose tax returns don't reflect their true income.

Self-Employed Business Owners

You write off expenses, so your taxable income looks low — but your deposits tell the real story.

Freelancers & Contractors

1099 income with variable deposits qualifies using a 12 or 24-month average.

Real Estate Investors

Rental income, flips, and business revenue can all be documented via bank statements.

Restaurant & Retail Owners

Cash-heavy businesses with strong deposits but aggressive write-offs are a perfect fit.

How Bank Statement Loans Work in Texas

Provide 12–24 Months of Statements

Personal or business bank statements — lenders average your monthly deposits.

Lender Calculates Qualifying Income

Business accounts typically use 50% of deposits; personal accounts use 100%.

Qualify Based on Deposit Average

No tax returns, no W-2s, no pay stubs required.

Close on Your Texas Home

Rates are slightly higher than conventional, but the flexibility is worth it.

Typical Requirements for Texas Bank Statement Loans

Credit Score: 620–640 minimum (varies by lender)

Down Payment: 10–20% typical

Bank Statements: 12 or 24 months (personal or business)

Self-Employment: 2+ years in same business (most lenders)

Loan Amounts: Up to $3M+ with some lenders

Property Types: Primary, second home, investment

Bank Statement Loan Questions — Answered

Can I get a bank statement loan in Texas with a 600 credit score?

Most bank statement lenders in Texas require a 620–640 minimum credit score. Some specialty lenders go lower, but rates increase significantly. Eddie works with multiple Non-QM lenders to find the best option for your score.

Are bank statement loans more expensive than conventional mortgages?

Yes — rates are typically 0.5% to 1.5% higher than conventional loans because they carry more risk for lenders. However, for self-employed borrowers who can't qualify conventionally, the slightly higher rate is often worth the access to homeownership.

Can I use a bank statement loan to buy an investment property in Texas?

Yes. Many Non-QM lenders allow bank statement loans on investment properties in Texas. You can also combine a bank statement loan with a DSCR loan strategy if rental income is part of your picture.

How long does it take to close a bank statement loan in Texas?

Typically 30–45 days, similar to a conventional loan. The key is having your 12–24 months of statements organized and ready at the start of the process.

Ready to See If You Qualify?

Eddie Gamez works with Texas's top Non-QM lenders to find bank statement loan programs that fit your income, credit, and property goals. Get a free consultation today.

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Self-employed borrower resources

Connect bank-statement and Non-QM guidance with practical planning tools for business owners and 1099 earners.