Bank statement loans in Hood County, Texas
If you run a business, contract, or freelance in Hood 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. Primary homes, second homes, and investment properties can all qualify. From Granbury to the surrounding towns, we help Hood County business owners qualify on their deposits.
Who qualifies in Hood County
- Roughly 50% of business-account deposits counted as qualifying income
- Built for 1099 contractors, realtors, gig workers, and small-business owners
- Personal or business bank statements both accepted
- Write-offs that cut your taxable income don't cut your qualifying income
Business owners across Hood County turned down on a conventional loan often qualify here on deposits alone — the check is free and there's no obligation.
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.
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.
1099 loans for contractors and gig workers
If most of your income arrives on 1099s, a 1099 loan may beat a bank-statement loan — lenders can count roughly 90–100% of your gross 1099 earnings, rather than discounting business deposits by half. It's built for freelancers, consultants, and independent contractors.