Bank statement loans in Ellis County, Texas
Buying a home in Ellis 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. If most of your income is on 1099s, a 1099 loan can count roughly 90–100% of it instead. Our specialists work with self-employed borrowers throughout Ellis County, including Waxahachie and nearby areas.
Ellis County at a glance
In Ellis County, the typical home was listing around $485,597 as of June 2026 and the median household income is about $99,726 (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 Ellis County
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- DSCR options too, if you're financing a Ellis County rental on its own cash flow
- Write-offs that cut your taxable income don't cut your qualifying income
- Qualify on 12–24 months of bank statements instead of tax returns
Business owners across Ellis County turned down on a conventional loan often qualify here on deposits alone — the check is free and there's no obligation.
ITIN loans: no Social Security number required
Taxpayers who file with an IRS-issued ITIN can buy a home through ITIN mortgage programs — typically 10-20% down, two years of work history, and credit shown by score or alternative trade lines like rent and utilities. Self-employed ITIN borrowers can often qualify with bank statements.
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.
How much you'll put down
Most bank-statement programs start around 10% down, with better pricing at 15–20%+. If your credit or deposit history is on the lighter side, a larger down payment is often the lever that gets you approved.