Qualify on deposits, not tax returns, in El Paso County
If you've been told you 'make too much to qualify on paper' in El Paso County, a bank statement loan is likely your answer. It qualifies you on your deposits, so the income you actually earn is the income that counts. Lenders count 12–24 months of deposits — often 50% of business or 100% of personal — as income. From El Paso to the surrounding towns, we help El Paso County business owners qualify on their deposits.
El Paso County at a glance
In El Paso County, the typical home was listing around $309,725 as of June 2026 and the median household income is about $59,883 (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 El Paso County
- DSCR options too, if you're financing a El Paso County rental on its own cash flow
- Qualify on 12–24 months of bank statements instead of tax returns
- Write-offs that cut your taxable income don't cut your qualifying income
- Roughly 50% of business-account deposits counted as qualifying income
If you run a business or earn 1099 income in El Paso County, a quick check turns your recent deposits into an estimated qualifying income — often far more than your tax return suggests.
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.
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.
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.