Bank statement & 1099 mortgages for Lampasas County
If you've been told you 'make too much to qualify on paper' in Lampasas 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. From Lampasas to the surrounding towns, we help Lampasas County business owners qualify on their deposits.
Lampasas County at a glance
In Lampasas County, the median household income is about $77,271 (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 Lampasas County
- Write-offs that cut your taxable income don't cut your qualifying income
- Personal or business bank statements both accepted
- DSCR options too, if you're financing a Lampasas County rental on its own cash flow
- Roughly 50% of business-account deposits counted as qualifying income
Self-employed buyers near Lampasas and throughout Lampasas County use bank statement loans to qualify on real cash flow; the 60-second check shows your estimated income with no credit pull.
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.
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.
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.