Self-Employed Home Loans in Texas
Owning a business gives you freedom, but it can make getting a mortgage feel harder than it should. Your tax returns may not show what you really earn after write-offs. The good news is you have more options than most people think. I'll look at your income the way you actually earn it and match you with a loan that fits.
Ways to Qualify
Tax Returns
Conventional, FHA, and VA loans can work if your returns show enough income.
Bank Statements
Qualify using 12 or 24 months of deposits instead of tax returns.
Profit and Loss
A profit and loss statement can show your income on its own.
1099 Income
Independent contractors can qualify using their 1099s.
Rental Income
Investors can qualify on what the property earns, not personal income.
Things to Know
Most lenders want to see two years of self-employment. If you worked in the same field before going out on your own, less time may be OK. Loans that don't use tax returns usually need a larger down payment and may have a slightly higher rate. Many owners use one to buy now and refinance later once their returns show more income. Every lender sets its own rules for these loans, which is why shopping across many lenders matters so much here.
Common Questions
Can I get a mortgage if I've been self-employed less than two years?
Sometimes. If you worked in the same line of work before starting your business, many lenders will count that history. I'll look at your situation and find lenders who allow it.How does a bank statement loan work?
The lender reviews 12 or 24 months of your business or personal bank statements and uses your deposits to figure your income. You don't need tax returns. It's a good fit if your write-offs make your income look lower than it really is.Will my tax write-offs hurt my chances?
They can for loans that use tax returns, because lenders count the income after write-offs. If you're planning to buy, talk with me before you file. We can look at your options together and decide which approach works best for you.How much down payment do I need?
It depends on the loan. If you qualify with your tax returns, you can use the same low down payment options as anyone else. Bank statement and other alternative loans usually need 10% or more down.What if I want to buy a rental property?
An investor loan, often called a DSCR loan, can qualify you based on the rent the property brings in. Your personal income isn't the focus, which makes it easier to grow your portfolio.
Want every step in one place?
My free guide walks you through the whole process, from your first call to closing day.
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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval.
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