Qualify on deposits, not tax returns, in Fayette County
If you run a business, contract, or freelance in Fayette County, a conventional lender's reliance on tax returns can work against you. Bank statement loans count your actual cash flow — often 50% of business deposits or 100% of personal — to get you qualified. Many borrowers buy now and refinance into a conventional loan once their tax picture strengthens. We serve self-employed buyers from the county seat of La Grange to communities across Fayette County.
Fayette County at a glance
In Fayette County, the median household income is about $76,540 (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 Fayette County
- Built for 1099 contractors, realtors, gig workers, and small-business owners
- Local specialists who structure non-QM loans for Fayette County business owners
- DSCR options too, if you're financing a Fayette County rental on its own cash flow
- Credit from 620 and down payments from 10%
From La Grange to the rest of Fayette County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
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.
Realtors: qualify on your commissions
Agents deduct heavily — mileage, marketing, MLS dues, splits — so the net income a conventional lender sees rarely reflects real earnings. Bank statement loans count your commission deposits, and 1099 loans count 90-100% of your gross 1099 — two clean paths to the home you've been selling everyone else.
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.