Bank Statement Mortgages in Texas
A FLEXIBLE LOAN OPTION FOR SELF-EMPLOYED BORROWERS
If you’re self-employed, it can often be difficult to prove income when getting a mortgage loan or it can be a hassle to gather the necessary income docs needed to apply. We have an extensive portfolio with our Bank Statement Loan options – they’re the most advanced and aggressive available on the market.
Which Color Option works best for you?
As rates continue to fluctuate we will review your specific scenario to determine the eligibility based on your credit score, down payment, reserves, and loan size. The chart below is a basic overview of the products offered and does not guarantee loan approval.
Utilizing either 12 or 24 months of business or personal bank statements is a great option in today’s lending environment if you’re self-employed. Most often the rates are comparable to conventional loans with excellent credit and a good down payment. Bank Statement Loans are considered non-QM loan products. Non-QM loans, or non-qualified mortgages, is a loan program that doesn’t require you to qualify based on the traditional income verification methods used by most traditional FHA, VA, Jumbo or Conventional Loans.
Benefits of a Texas Bank Statement Loan:
- Limited documentation requirements
- 12 to 24 months of bank statements
- 20% down payment options with 680 credit during current market conditions
- No Tax Returns, No Paystubs, No W2 or 1099
We’re here to help you and we are experts here in Texas on these loans! Feel free to call us for the next steps 281-627-4222 or you can proceed to fill out the “Quick Quote” form on this page. We’ll help you navigate the best loan options.
