Bank statement & 1099 mortgages for Jim Wells County
If you've been told you 'make too much to qualify on paper' in Jim Wells County, a bank statement loan is likely your answer. It qualifies you on your deposits, so the income you actually earn is the income that counts. Lenders count 12–24 months of deposits — often 50% of business or 100% of personal — as income. We serve self-employed buyers from the county seat of Alice to communities across Jim Wells County.
Jim Wells County at a glance
In Jim Wells County, the median household income is about $55,920 (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 Jim Wells County
- Qualify on 12–24 months of bank statements instead of tax returns
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- Write-offs that cut your taxable income don't cut your qualifying income
- DSCR options too, if you're financing a Jim Wells County rental on its own cash flow
Self-employed buyers near Alice and throughout Jim Wells County use bank statement loans to qualify on real cash flow; the 60-second check shows your estimated income with no credit pull.
Primary, second home, or investment
These loans aren't just for primary residences — second homes and investment properties qualify too. Pair a bank-statement loan for your own home with a DSCR loan for rentals and you can keep growing without ever showing a tax return.
Asset depletion: your portfolio is your paycheck
Retirees and business sellers can qualify by converting verified assets into income — commonly eligible assets divided over a set number of months. Cash counts fully, securities and retirement funds at a discount. No employment, no tax returns: the balance sheet does the talking.
Reserves: what lenders want to see
Non-QM programs typically want about 3 to 12 months of PITI — your full monthly payment — sitting in reserves, with larger loans requiring more. Strong reserves can offset a lower score or a thinner deposit history.