Bank statement loans in Moore County, Texas
Business owners and 1099 earners in Moore County have options beyond the conventional box. Bank statement, 1099, and P&L loan programs qualify you on real income — your deposits — so write-offs don't sink your application. No W-2s and no tax returns are required to document your income. From Dumas to the surrounding towns, we help Moore County business owners qualify on their deposits.
Moore County at a glance
In Moore County, the median household income is about $66,411 (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 Moore County
- Qualify on 12–24 months of bank statements instead of tax returns
- Personal or business bank statements both accepted
- Write-offs that cut your taxable income don't cut your qualifying income
- Built for 1099 contractors, realtors, gig workers, and small-business owners
From Dumas to the rest of Moore County, the program is the same: deposits in, qualifying income out, no tax returns required. See your number in about a minute.
12 vs. 24 months of statements
Lenders accept either 12 or 24 months of personal or business statements. Twelve months gets you to the finish line faster, while 24 months smooths out seasonal swings and often produces a higher, more defensible qualifying income.
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.