Bank statement & 1099 mortgages for Irion County
For self-employed buyers in Irion County, the right loan looks at your bank statements, not your 1040. With 12–24 months of deposits, you can qualify for a home without the W-2s and tax returns a traditional lender demands. A CPA-prepared profit-and-loss statement can stand in when deposits don't tell the whole story. Whether your business is in Mertzon or elsewhere in Irion County, we can turn your deposits into buying power.
Irion County at a glance
In Irion County, the median household income is about $90,589 (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 Irion County
- Personal or business bank statements both accepted
- Roughly 50% of business-account deposits counted as qualifying income
- Credit from 620 and down payments from 10%
- Local specialists who structure non-QM loans for Irion County business owners
From Mertzon to the rest of Irion County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
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.
LLC and S-corp owners: your K-1 isn't the ceiling
Owners who pay themselves modest salaries and leave profit in the business look artificially small on paper. Bank statement programs can use your business account deposits — typically counted around 50%, or higher with a CPA letter documenting your expense ratio — so the company's real cash flow backs your approval.
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.