Bank statement & 1099 mortgages for Garza County
Buying a home in Garza 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. Primary homes, second homes, and investment properties can all qualify. We serve self-employed buyers from the county seat of Post to communities across Garza County.
Garza County at a glance
In Garza County, the median household income is about $57,106 (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 Garza County
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- Personal or business bank statements both accepted
- DSCR options too, if you're financing a Garza County rental on its own cash flow
- Roughly 50% of business-account deposits counted as qualifying income
From Post to the rest of Garza County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
12 vs. 24 months of statements
Lenders accept either 12 or 24 months of personal or business statements. Twelve months gets you to the finish line faster, while 24 months smooths out seasonal swings and often produces a higher, more defensible qualifying income.
Close your rental in an LLC
DSCR loans commonly close in an entity's name, which is why investors love them: liability separation, no personal income docs, and qualification that's just the property's rent divided by its full payment (PITIA). A ratio of 1.0 covers the payment; 1.25+ earns the best pricing.
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.