Bank statement & 1099 mortgages for Brown County
Buying a home in Brown County when you're self-employed comes down to one thing: showing your true income. Bank statement loans do exactly that, averaging your monthly deposits to set your qualifying income. Down payments often start around 10%, with stronger pricing at 15–20%. From Brownwood to the surrounding towns, we help Brown County business owners qualify on their deposits.
Brown County at a glance
In Brown County, the median household income is about $60,291 (2024). Self-employed buyers here qualify on bank deposits rather than tax returns — which often supports a higher price than a write-off-reduced return would.
Who qualifies in Brown County
- Local specialists who structure non-QM loans for Brown County business owners
- DSCR options too, if you're financing a Brown County rental on its own cash flow
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- Credit from 620 and down payments from 10%
From Brownwood to the rest of Brown County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
Your write-offs stop working against you
The deductions that lower your tax bill also lower the income a conventional lender sees — which is why so many business owners get under-qualified or denied. A bank-statement loan flips that: your real deposits, not your write-off-reduced taxable income, drive your approval.
Reserves: what lenders want to see
Non-QM programs typically want about 3 to 12 months of PITI — your full monthly payment — sitting in reserves, with larger loans requiring more. Strong reserves can offset a lower score or a thinner deposit history.
A bridge to a conventional refinance
Many borrowers use a bank-statement loan to buy now, then refinance into a conventional loan later once two years of stronger tax returns are on file. You get the home today and keep the door open to a lower rate down the road.