Bank Statement Loans
Self-Employed Home Loans in Central Texas — Qualify Using Bank Deposits, Not Tax Returns
Whether you’re buying in Austin, Cedar Park, Leander, Round Rock, or anywhere in Central Texas, bank statement loans are a powerful option for self-employed buyers who don’t “look good on paper” because of business write-offs. Instead of using tax returns, these loans qualify you based on your actual bank deposits — giving entrepreneurs, 1099 earners, and business owners a smoother path to homeownership.
How a Bank Statement Loan Works
Most lenders look at your tax returns. With bank statement loans, we flip the script:
1You provide 12 or 24 months of statements
2We add up your qualifying deposits
3A lender applies an industry-standard expense factor (or uses a CPA letter)
4That number becomes your qualifying income!
Bank Statement Home Loans in Texas
Key Benefits
No tax returns required
Use business or personal bank statements
Higher qualifying income vs traditional loans
Flexible credit score requirements
Loan amounts up to Jumbo levels
Owner-occupied, second homes, and investment properties allowed
Interest-only options available (on many programs)
Gift funds + seller credits often allowed
Who Bank Statement Loans Are Perfect For
Self-employed (sole proprietor, LLC, S-Corp, partnership)
A 1099 independent contractor
A gig-economy earner with inconsistent pay
A real estate agent (yes, agents use this all the time)
A business owner with high write-offs
Someone rebuilding after a life event that impacted taxes
Frequently Asked Questions About Bank Statement Loans
Bank statement loans are ideal for self-employed buyers in Texas who need flexible income documentation — but they come with their own rules and benefits. Below are some quick answers to help you understand if this loan fits your situation.
Quick Answers to Help You Decide:
☑️ No tax returns required — qualify using 12–24 months of bank statements
☑️ Personal or business statements can be used
☑️ Expense factors may apply on business statements (CPA letter can help)
☑️ Down payments typically start around 10%–20%
☑️ Available for primary homes, second homes, and investment propertiesDo I need tax returns for a bank statement mortgage?
How many months of bank statements do I need?
Can I use personal bank statements?
What’s the minimum down payment?
Are bank statement loans more expensive?
Do I need to be self-employed for 2 years?
Provided for informational purposes only. This is not a commitment to lend, not all borrowers will qualify.
Not an offer or agreement. Information, rates, & programs are subject to change without prior notice. Not available in all states. Subject to credit & property approval. Not affiliated with any government agency. For licensing information go to: www.nmlsconsumeraccess.org
Edge Home Finance
4413 Spicewood Springs Rd #302 Austin TX 78759
Company NMLS: 891464
Branch NMLS# 2514483
Privacy Policy | Company Licenses | NMLS Consumer Access
REGULATOR:
TX Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, TX 78705
Phone: (512) 475-1350
Fax: 512-475-1360
DISCLAIMERS:
Consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.
The department maintains a recovery fund to make payments of a certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originator. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund. Please consult the department’s website at www.sml.texas.gov.
Copyright 2012 Stephanie Donnell