Bank statement & 1099 mortgages for Collin County
Self-employed in Collin County? Your tax write-offs shouldn't keep you from buying a home. A bank statement loan qualifies you on 12–24 months of real deposits instead of tax returns, so Collin County business owners can finance the home they can actually afford. Down payments often start around 10%, with stronger pricing at 15–20%. Our specialists work with self-employed borrowers throughout Collin County, including McKinney and nearby areas.
Collin County at a glance
In Collin County, the typical home was listing around $530,000 as of June 2026 and the median household income is about $124,920 (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 Collin County
- Qualify on 12–24 months of bank statements instead of tax returns
- Roughly 50% of business-account deposits counted as qualifying income
- Credit from 620 and down payments from 10%
- Built for 1099 contractors, realtors, gig workers, and small-business owners
Business owners across Collin County turned down on a conventional loan often qualify here on deposits alone — the check is free and there's no obligation.
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.
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.
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.