Self-employed home loans across Montague County
Montague County is full of entrepreneurs whose tax returns understate what they really earn. A bank statement mortgage fixes that by underwriting your deposits, not your write-off-reduced taxable income. If most of your income is on 1099s, a 1099 loan can count roughly 90-100% of it instead. From Montague to the surrounding towns, we help Montague County business owners qualify on their deposits.
Montague County at a glance
In Montague County, the median household income is about $64,975 (2024). Self-employed buyers here qualify on bank deposits rather than tax returns — which often supports a higher price than a write-off-reduced return would.
Who qualifies in Montague County
- Credit from 620 and down payments from 10%
- DSCR options too, if you're financing a Montague County rental on its own cash flow
- Self-employed 2+ years preferred (1-2 years can work with a strong history)
- Local specialists who structure non-QM loans for Montague County business owners
Business owners across Montague County turned down on a conventional loan often qualify here on deposits alone, the check is free and there's no obligation.
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.
Your write-offs stop working against you
The deductions that lower your tax bill also lower the income a conventional lender sees, which is why so many business owners get under-qualified or denied. A bank-statement loan flips that: your real deposits, not your write-off-reduced taxable income, drive your approval.
DSCR loans for real estate investors
Buying a rental? A DSCR loan qualifies you on the property's cash flow instead of your personal income, no tax returns, no pay stubs. With interest-only options and entity (LLC) eligibility, it's the go-to for investors growing a portfolio.