Qualify on deposits, not tax returns, in Baylor County
Business owners and 1099 earners in Baylor County have options beyond the conventional box. Bank statement, 1099, and P&L loan programs qualify you on real income — your deposits — so write-offs don't sink your application. Many borrowers buy now and refinance into a conventional loan once their tax picture strengthens. Our specialists work with self-employed borrowers throughout Baylor County, including Seymour and nearby areas.
Baylor County at a glance
In Baylor County, the median household income is about $54,002 (2024). A bank statement loan counts real cash flow, so strong deposits can support a home at the local price even when taxable income looks low.
Who qualifies in Baylor County
- Roughly 50% of business-account deposits counted as qualifying income
- Qualify on 12–24 months of bank statements instead of tax returns
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- Built for 1099 contractors, realtors, gig workers, and small-business owners
Business owners across Baylor County turned down on a conventional loan often qualify here on deposits alone — the check is free and there's no obligation.
Primary, second home, or investment
These loans aren't just for primary residences — second homes and investment properties qualify too. Pair a bank-statement loan for your own home with a DSCR loan for rentals and you can keep growing without ever showing a tax return.
P&L-only loan options
Some self-employed borrowers qualify with a CPA-prepared profit-and-loss statement, sometimes paired with a couple months of statements. A P&L loan is another non-QM path when your deposits alone don't capture the whole picture.
Texas's 80% cash-out rule
Texas homestead law caps cash-out refinances on a primary residence at 80% of the home's value — you must keep at least 20% equity. It applies to every loan type, including bank-statement loans, so plan your cash-out around that ceiling.