Bank Statement Loans for Self Employed in Texas

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Self employed mortgage in Texas

Texas is the second largest economy in the U.S. after California and the world's tenth largest economy. According to the most recent data available from the United States Census, there are 579,168 businesses operating in Texas.

Many people work in the oil and energy industry, trade, business and financial services, technology, healthcare, or leisure fields. If you are self-employed in one of these occupations, it allows you to be your own boss and determine the amount of money you can earn.

According the U.S. Bureau of Labor Statistics[1], the lone star state has approximately 10 percent of its workforce filing as self-employed. The largest concentration of self-employed workers in Texas are in the greater metropolitan areas of Fort Worth, Austin, Houston, Dallas, and San Antonio.

The percentages range from 6-14 percent for towns over 100,000. A lot of these people credit much of their financial stability to their self-employment. Overall about 16 million Americans are self-employed, according to BLS data from July 2019[2]

12 or 24 month bank statement program

Bank Statement Mortgage Types

12 Month Bank Statement Loan
Most recent 12 months personal or business bank statements (all pages)

24 Month Bank Statement Program
Most recent 24 months business bank statements (all pages for each month). A P&L (borrower or CPA prepared) or business expense letter may be required.


1 Month Bank Statement Loan Program: Texas
Most recent personal or business bank statement showing income in line with profession. Credit score of 600 and up. Minimum loan of $200,000 up to a maximum loan of $7,500,000.
Rates start at 5.25% for a home purchase with 50% down payment and a 750 middle credit score on a 7/1 Fixed ARM.
Not all borrowers will qualify. Rates and terms are subject to change.

Bank Statement Mortgage Lenders in Texas

The loan originator below works with approximately 35 mortgage lenders that focus on non-QM loans, or non-traditional financial documentation such as no tax returns. He understands the nuances of each lender which results in a less stressful closing. He works with bank statement lenders who offer monthy specials on interest rates and pretty simple conditional loan approvals.

If you are a Texas sole proprietor(one person business) then it's highly likely you have filed your assumed name(fictitious business name) with the Texas secretary of state. Similarly, your corporation, partnership or LLC may be filed with them too unless it's a foreign(out of state) corporation.

Please make sure that your Texas business can be found online at to increase the chances of your loan being approved. Your business needs to be active and valid for the underwriter.

Below are some of the popular Texas areas served:

   + Expand cities and neighborhoods - Close
Georgetown | Round Rock | San Marcos | Pflugerville | Barton Hills | West Lake Hills | Leander | Lost Creek | Bee Caves | Lakeway | Bouldin Creek | Dripping Springs |


Dallas - Fort Worth Metroplex
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Plano | Irving | Richardson | Addison | Frisco | Arlington | Carrollton | Southlake| Lewisville | McKinney | Allen | Coppell | Denton | Grapevine | Flower Mound | Rockwall | Sunnyvale | Little Elm | Keller | The Colony | Cedar Hill | Colleyville | Prosper | Weatherford | University Park | Argyle | Waxahachie | Granbury | Lipan


   + Expand cities and neighborhoods - Close
Memorial | River Oaks | Upper Kirby | Uptown | Spring Branch | Afton Oaks | Bunker Hill | Rice | Bellaire | Tanglewood | Hunters Creek | The Woodlands | Sugarland | Katy | Friendswood | Missouri City | Kingwood | Fulshear | Humble | Spring | Cypress


San Antonio
   + Expand cities and neighborhoods - Close
Alamo Heights | Boerne | Cordillera Ranch | Terrell Hills | Olmos Park | Champions | The Dominion | Shavano Park



  1. Bureau of Labor Stats Self Employment in Texas
  2. Pew Research Facts about American Workers 8/29/2019


William Cook, Mortgage Originator
William Cook, Mortgage and Finance Guru

William has an active NMLS mortgage originator license to help clients in Texas and other states. William has extensive knowledge about various mortgage products, real estate investing and personal finance. He has been writing and blogging about real estate and related topics for more than 15 years. His work has been featured on various real estate sites and industry platforms. More about William