Bank statement loans in Concho County, Texas
Buying a home in Concho 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. Real estate investors can use DSCR loans that qualify on a property's rental cash flow alone. We serve self-employed buyers from the county seat of Paint Rock to communities across Concho County.
Concho County at a glance
In Concho County, the median household income is about $57,030 (2024). For business owners here, qualifying income comes from 12–24 months of deposits — often enough to comfortably reach the local price point.
Who qualifies in Concho County
- Roughly 50% of business-account deposits counted as qualifying income
- DSCR options too, if you're financing a Concho County rental on its own cash flow
- 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)
From Paint Rock to the rest of Concho County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
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.
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.
Denied? The documentation was wrong, not the income
Most self-employed denials trace to one cause: the underwriter used post-write-off taxable income. The same file re-documented with 12-24 months of deposits, gross 1099s, or a CPA-prepared P&L often approves. Bring your denial letter — it tells the next loan officer exactly what to solve.