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Texas-Bank Statement Only Mortgage Lenders

Texas Bank STATEMENT+NO TAX RETURN TEXAS MORTGAGE
Serving ALL Texas – 2  Texas Bank Statement Mortgage Lenders Loan loan options
Personal Texas Bank Statement mortgages: qualify using 100%  12 or 24 months Texas Bank statements.
Business Texas Bank Statement mortgages: qualify on 12 or 24 months average  Texas business Texas Bank statement deposits..

What is a Texas Bank Statement mortgage Lender?

Texas Bank Statement Mortgage Lenders   have taken over the traditional Texas Bank Statement mortgage income loans as an alternative for self employed Texas mortgage applicants who are unable to verify their income by providing the previous two years tax returns, W2s and pay stubs. These loans are called non-QM loans, nontraditional loans or expanded criteria loans that allow other forms of documentation to prove the ability to repay. Just as it sounds, a Texas Bank Statement mortgage loan allows the borrower to verify his or her income with Texas Bank Statements.

1 Year Texas Self Employed Mortgage Lenders

Special Considerations By Texas 1 Year Self Employed Bank Statement Mortgage Lenders

  • You can use either business or personal no commingling.
  • Use 12 months business Texas Bank account or personal account depending on the lender.
  • Deposits which are transferred from a business account into a personal account are OK.
  • You may combine W2 income with Texas Bank Statement mortgage income as long as the income is not being counted twice.
  • Foreign Texas Bank Statement mortgages and Foreign Assets may be considered and must be translated to English.

Texas 1 Year Self Employed Bank Statement mortgage Loan Application Process

To apply for a Texas Bank Statement mortgage loan you would fill out our full mortgage application. Then provide your last 12 or 24  months’ worth of Texas Bank Statement mortgages from a personal or business Texas Bank account. Texas Bank Statement mortgage loans are processed through a manual underwriting process. This means the income is calculated by a person so the process can take 24 -48 hours.

Texas 1 Year Self Employed Bank Statement mortgage loan:

  • You must prove self-employment for a minimum 1 years.
  • Must provide proof of 12-month rental history or and 3-6 months future payments in reserves.
  • You must have at least 10-20% down.
  • You must have 4-6 months of PITI reserves
  • You may qualify with as little as a 12-months Texas Bank Statement mortgage.
  • You must have a credit score of 600 or above to qualify.
  • The minimum loan amount is $100,000, and the maximum loan is $5,000,000.

What Documents Do I need for a 1 Year Texas Bank Statement mortgage Lender?

  • Proof of income = Your most recent 12- or 24-months Texas Bank Statement mortgages Business or Personal Texas Bank Statement mortgages EVERY PAGE EVEN BLANKS in PDF labeled by month.
  • PDF proof of down payment statement= 2 Months Texas Bank Statement mortgages to source funds..
  • Proof of 2 years in the same business or line of work = To include business licenses or satisfactory evidence of self-employed to cover previous 24 months that could include: Articles of incorporation, 2 years of 1099 s, Business license more than 2 years or accountant letter stating more than 2 years in the same business.
  • Obligations = Divorce decree, Child support or court order required payment statements. Only if applies.
  • ID = Driver’s license, SS Card.
  • Mortgage Statements = For rental properties including taxes and insurance statements. Only if applies.
  • W2 or 1099= If you have separate W2 or 1099 income you would like to use to qualify please provide.
  • Purchase and Sale Contact. Only if you have one.
  • Verified Timely Rent Payments- For Purchases Only – Please send front and backs of checks clearing your account or wire transfer’s for the most recent 12 months to verity timely rental payments.

What Are the Advantages of a Self Employed For 1 Year Texas Bank Statement mortgage Loan?

In summary, these are the advantages of a Texas Bank Statement mortgage loan:

  • The lender can look at 12 or 24-month Texas Bank Statement mortgages.
  • 30 Year Fixed Options.
  • Texas Bank Statement mortgage only mortgage lenders do not need to look at your tax returns.
  • Your income statements are made up of the average monthly income deposits.
  • You can get a Texas Bank Statement mortgage home loan for as little as 10 percent down.
  • You can do a cash-out refinance.
  • You can borrow up to $5 million.
  • Debt to income ratio up to 55 percent.

Eligibility Requirements for a 1 Year Self Employed Texas Bank Statement Mortgage Loan?

Eligibility for a Texas Bank Statement mortgage requires total deposits minus disallowed deposits. This amount is then divided by the number of Texas Bank Statement mortgages, whether it is the 12 or 24 months statement.

Another option is that if the co-borrower is a W2 employee you can use a hybrid of W2 and tax return income from the co-borrower and Texas Bank Statement mortgage income from the borrower or assets from the co-borrower and Texas Bank Statement mortgages from the borrower. Non-QM loans can use multiples sources of blended incomes to qualify.

Deposits which are disallowed in regards to a Texas Bank Statement mortgage loan include transfers between Texas Bank accounts and cash or large deposits, which can raise a level of concern and may require a letter of explanation.

TEXAS BUSINESS Texas Bank STATEMENT BUSINESS LENDERS

TEXAS BAD CREDIT Texas Bank STATEMENT MORTGAGE LENDERS

TEXAS BAD CREDIT Texas Bank STATEMENT MORTGAGE LENDERS- Are you self-employed or 1099 wage earner and having a hard time getting pre-approved for a TEXAS mortgage because you have bad credit?  We know the story. They have a great top line, but after the accountant works their magic there isn’t much adjusted gross income left to by a TEXAS home. Bad credit Texas Bank statement Business Lenders can help!…
NO TAX RETURN BAD CREDIT TEXAS USE Texas Bank STATEMENT FOR INCOME!

POPULAR TEXAS SELF EMPLOYED MORTGAGE PAGES INCLUDE:

Laredo Texas No Tax Return Bank Statement Mortgage
Plano Texas No Tax Return Bank Statement Mortgage Lenders
Dallas Texas No Tax Return Bank Statement Mortgage
Austin Texas No Tax Return Bank Statement Mortgage
Corpus Christi No Tax Return Bank Statement Mortgage Lenders
Arlington Texas No Tax Return Bank Statement Mortgage
El Paso Texas No Tax Return Bank Statement Mortgage Lenders
Fort Worth Texas No Tax Return Bank Statement Mortgage Lenders
San Antonio No Tax Return Bank Statement Mortgage Lenders
Austin Texas No Tax Return Bank Statement Mortgage
Laredo Texas No Tax Return Bank Statement Mortgage
Lubbock Texas No Tax Return Bank Statement Mortgage
Garland Texas No Taxa Return Self Employed Mortgage Lenders
Irving Texas No Tax Return Bank Statement Mortgage lenders

Severy All Texas Including Fort Worth Texas, Austin Texas, Dallas Texas, San Antonio Texas,  Houston Texas
Are you Texas self-employed or 1099 wage earner and having a hard time getting pre-approved for a Texas mortgage?  We know the story. They have a great top line, but after the accountant works their magic there isn’t much adjusted gross income left to by a Texas home. Texas Stated Income Texas Bank Statement Only Mortgage Lenders has the answer…

Texas Bank STATEMENT ONLY MORTGAGE LENDERS

TEXAS CASH-OUT MORTGAGE LENDERS WITH NO TAX RETURNS NEEDED!

Serving All Texas Including And Not Limited To: Fort Worth Texas, Austin Texas, Dallas Texas, San Antonio Texas,  Houston Texas

Texas Bank STATEMENT ONLY MORTGAGE LENDERS DETAILS INCLUDE:

  • 2 Years Self Employed Required!
  • Texas Bank statement deposits used to qualify!
  • No tax returns required
  • 24 months personal Texas Bank statements (Personal and Business)
  • Loans up to $2 million
  • Credit scores down to 500
  • Rates starting in the 5’s
  • Up to 85% LTV
  • DTI up to 50% considered
  • Owner-occupied, 2nd homes, and investment properties
  • 2 years seasoning for foreclosure, short sale, BK, DIL
  • Non-warrantable condos considered
  • Jumbo loans down to 660 score
  • 5/1 ARM or 30-year fixed
  • No pre-payment penalty for owner-occ and 2nd homes
  • SFRs, townhomes, condos, 2-4 units
  • Seller concessions to 6% (2% for investment)

Our 24-month business or personal Texas Bank statement Texas Loan Program

KEY POINTS

  1. 50% OF TOTAL BUSINESS DEPOSITS = Texas Bank Statement Mortgage Lenders will use 50% of the total deposits over a 24 month period if using business Texas Bank statements.

OR

  1. 100% OF TOTAL PERSONAL DEPOSITS = Texas Bank Statement Mortgage Lenders also will accept 100% personal Texas Bank statements for the sole proprietor borrowers or 1099 wage earner. 24 months of personal and we will count 100% of the deposits.

IMPORTANT TO NOTE:

Texas Bank statement loan to value and rate will vary depending on score and loan size.

From a 600 to 649 the LTV available is 75%.

Greater than 650 the LTV goes up to 80% with a very beneficial price break for those with scores over 700.

To learn more about the Texas Bank statement loan program or any of the other alternative financing programs available through Texas Mortgage Lenders.

 

Bank Statement Mortgage Lenders Serving All Texas Including

Laredo Texas No Tax Return Bank Statement Mortgage
Plano Texas No Tax Return Bank Statement Mortgage Lenders
Dallas Texas No Tax Return Bank Statement Mortgage
Austin Texas No Tax Return Bank Statement Mortgage
Corpus Christi No Tax Return Bank Statement Mortgage Lenders
Arlington Texas No Tax Return Bank Statement Mortgage
El Paso Texas No Tax Return Bank Statement Mortgage Lenders
Fort Worth Texas No Tax Return Bank Statement Mortgage Lenders
San Antonio No Tax Return Bank Statement Mortgage Lenders
Austin Texas No Tax Return Bank Statement Mortgage
Laredo Texas No Tax Return Bank Statement Mortgage
Lubbock Texas No Tax Return Bank Statement Mortgage
Garland Texas No Taxa Return Self Employed Mortgage Lenders
Irving Texas No Tax Return Bank Statement Mortgage lenders

 

 

Full List Of Texas Banks

 

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