Bank statement loans in Texas: qualify on deposits, not tax returns
Business owners, 1099 contractors and freelancers: your real income is in your bank account, not on your tax return. We use 12 to 24 months of statements to qualify you for a home loan.
Free, no obligation · or call 512-588-2771
Your business is strong. Your tax return says otherwise.
Smart write-offs lower your tax bill, and they also lower the income a bank is willing to count.
Bank statement loans exist for borrowers with real financial strength and non-traditional documentation. Texas, from Austin to Houston to Dallas, is full of them.
From first call to closing, in four steps
Tell us your situation
A 30-minute call or a short online application: income, savings, credit, and the kind of property you want.
Get a real plan
We compare your options across programs and lenders, explain the costs in plain English, and tell you if anything is worth fixing first.
Get approved
With your documents in hand, we move your file to underwriting and issue the approval you need to move forward with confidence.
Close with confidence
We manage the file through appraisal, underwriting and closing, and keep you updated at every stage.
A loan built around how you actually get paid
Qualify on deposits
Use personal or business bank statement deposits instead of tax returns.
No write-off explanations
Skip the tax-return gymnastics. Most programs do not need returns, W-2s or P&L statements.
Income that reflects reality
The qualifying figure is often well above the taxable income your CPA reports after deductions.
Many property types
Primary residences, second homes and investment properties.
Fixed or interest-only
Both fixed-rate and interest-only structures are available, depending on the program.
Purchase or refinance
Use it to buy, to refinance, or to take cash out.
Find out your qualifying income before you apply.
Send us your statements and we will tell you the income figure and what it can buy, with no surprises later in underwriting.
How bank statement income is calculated
Instead of averaging the net income on your tax returns, a bank statement mortgage looks at 12 or 24 months of deposits. For business accounts, lenders typically apply an expense factor, recognizing that part of your revenue covers operating costs. Personal account deposits are usually counted at a higher qualifying percentage.
The result is a qualifying income figure that reflects the cash moving through your accounts, which is often far higher than the taxable income left after deductions.
- Personal or business statements: either can work. We structure your file around whichever documents your income most accurately.
- 12 or 24 months: a longer window can smooth out a slow season.
- Not a hard money loan: bank statement loans are long-term financing based on your income, while hard money is short-term and asset-based.
What to expect from a bank statement loan
Terms vary by program, but this is the usual picture.
| Typical | |
|---|---|
| Down payment | Starting around 10–20%, depending on credit profile and loan size |
| Credit | More flexible than jumbo conventional financing |
| Rate type | Fixed-rate and interest-only options, depending on the program |
| Property types | Primary residence, second home, investment property |
| Loan purposes | Purchase, rate-and-term refinance, cash-out refinance |
Actual terms depend on your credit, down payment, loan amount and the lender. We show you real numbers before you apply.
Built for how self-employed income really works
Bank statement loans suit business owners, 1099 contractors, real estate agents, consultants, restaurant and service-business operators, and gig-economy professionals. Many of them have been declined by a retail bank purely because of how their tax returns look on paper.
If your income comes from rental properties instead, see our DSCR loans, which qualify the property. For a deeper look at the requirements, read bank statement loan requirements or our self-employed mortgage guide.
Ready to see what your deposits can buy?
A quick call and a look at your statements gets you a clear qualifying number.
Documents to gather before you apply
12–24 months of statements
Your most recent personal or business bank statements, depending on the program.
Proof of self-employment
A business license or a CPA letter confirming your self-employment and ownership percentage.
Skip the tax paperwork
For most programs you will not need tax returns, W-2s or profit-and-loss statements.
Bank statement vs. conventional vs. DSCR
If your tax returns show your true income, conventional loans are often the lowest cost. If they do not, bank statement loans qualify you on cash flow. If you are buying a rental, DSCR loans look at the property. We tell you which fits.
Meet your Bank Statement loan officer
Matthew MontsDeOca is an independent mortgage broker based in Austin — Texas’s state capital — licensed to help buyers and homeowners across the entire state, from Houston and San Antonio to Dallas-Fort Worth and everywhere between. Because Wise Capital shops a panel of lenders instead of selling one bank’s products, you get advice on which program actually fits, including when this one is not the right answer.
Your questions, answered
How much down payment do I need for a bank statement loan?
Do I use personal or business bank statements?
Do I need tax returns for a bank statement loan?
Is a bank statement loan the same as a hard money loan?
Can I use a bank statement loan to refinance?
Can I buy an investment property with a bank statement loan?
How do I know what income I will qualify for?
Book a free 30-minute call
Not ready to apply? Talk it through first. We will look at your numbers and tell you honestly what your best move is.
- 30 minutes, by video (Google Meet) or phone
- Free, with no obligation to apply
- A clear next step, whether that is applying now or fixing one thing first
- You talk to a licensed loan officer, not a call center
Pick a time that works for you
Choose a slot on the calendar and you will get a confirmation by email. No obligation, no pressure.
Prefer to talk now? Call 512-588-2771 · open the calendar in a new tab.
Let us show you what you qualify for.
Check your options in a few minutes, or book a quick call and we will walk you through it.
Or call 512-588-2771 · Free, no obligation
Keep learning, in plain English
Other loan programs
Bank statement loans are non-QM (non-qualified mortgage) loans. Programs, down payment, credit and reserve requirements vary by lender and are subject to change. Eligibility depends on your documented deposits, credit and the property. Interest rates and APR depend on your credit profile, loan amount and market conditions. Ask us for a personalized Loan Estimate.
Wise Capital Mortgage, LLC · 5900 Balcones Drive #23333, Austin, TX 78731 · NMLS #2092335 · Equal Housing Lender. Matthew MontsDeOca, NMLS #1034513. This page is for general information and is not a commitment to lend or an offer of credit. Loan programs, eligibility, terms and rates are subject to change and to underwriting approval. You can verify our licensing at the NMLS Consumer Access website, nmlsconsumeraccess.org.