Bank Statement Loans in Lipscomb County, TX

Bank Statement Home Loans in Lipscomb County, TX

Self-employed? Qualify using 12–24 months of bank statements instead of tax returns. We count your real deposits — not your write-offs. See your qualifying income in 60 seconds.

No Tax ReturnsQualify on 12–24 months of personal or business bank statements.

Real Income CountedWe use your deposits, not your write-off-reduced taxable income.

10% DownCompetitive down-payment options for self-employed borrowers.

Built for Business Owners1099 contractors, realtors, gig workers, and entrepreneurs welcome.

Licensed Texas loan specialists NMLS ID available on request Equal Housing Opportunity

Bank statement loans in Lipscomb County, Texas

If you've been told you 'make too much to qualify on paper' in Lipscomb 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 Lipscomb to the surrounding towns, we help Lipscomb County business owners qualify on their deposits.

Lipscomb County at a glance

In Lipscomb County, the median household income is about $79,554 (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 Lipscomb County

Write-offs that cut your taxable income don't cut your qualifying income
Self-employed 2+ years preferred (1–2 years can work with a strong history)
Built for 1099 contractors, realtors, gig workers, and small-business owners
Local specialists who structure non-QM loans for Lipscomb County business owners

Self-employed buyers near Lipscomb and throughout Lipscomb County use bank statement loans to qualify on real cash flow; the 60-second check shows your estimated income with no credit pull.

A bridge to a conventional refinance

Many borrowers use a bank-statement loan to buy now, then refinance into a conventional loan later once two years of stronger tax returns are on file. You get the home today and keep the door open to a lower rate down the road.

Jumbo loans without tax returns

Above the conforming limit — $832,750 in most Texas counties for 2026 — bank statement jumbo programs keep working. Expect larger down payments and deeper reserves than smaller loans, but the core trade holds: your deposits, not your post-write-off taxable income, set your buying power.

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.

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Frequently Asked Questions

What DSCR ratio do lenders want?

A DSCR of 1.0 means rent covers the full payment; many lenders price best at 1.25 or higher. Some programs allow ratios below 1.0 with stronger down payments and reserves.

Can I close a DSCR loan in my LLC's name?

Yes — DSCR loans commonly close in an LLC or other entity, which many investors prefer for liability separation. The property qualifies on its rent versus its full payment (PITIA), not your personal income.

What credit score do I need?

Many programs start around 620–660. A higher score unlocks better rates and lower down payments, but strong, consistent deposits carry a lot of weight too.

Can I refinance with a bank statement loan?

Yes — you can refinance to lower your rate or take cash out, subject to Texas's 80% cash-out limit on a primary residence.

Should I use 12 or 24 months of statements?

Both are accepted. Twelve months is faster; 24 months usually produces a more accurate, stronger income figure — especially if your business is seasonal or your monthly deposits swing up and down.

What documents will I need?

Generally 12–24 months of statements, proof of self-employment (license, incorporation docs, or a CPA letter), and asset statements for your down payment and reserves.