Qualify on deposits, not tax returns, in Starr County
If you've been told you 'make too much to qualify on paper' in Starr 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. If most of your income is on 1099s, a 1099 loan can count roughly 90–100% of it instead. We serve self-employed buyers from the county seat of Rio Grande City to communities across Starr County.
Starr County at a glance
In Starr County, the median household income is about $37,375 (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 Starr County
- Qualify on 12–24 months of bank statements instead of tax returns
- Roughly 50% of business-account deposits counted as qualifying income
- DSCR options too, if you're financing a Starr County rental on its own cash flow
- Built for 1099 contractors, realtors, gig workers, and small-business owners
Self-employed buyers near Rio Grande City and throughout Starr County use bank statement loans to qualify on real cash flow; the 60-second check shows your estimated income with no credit pull.
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.
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.
How much you'll put down
Most bank-statement programs start around 10% down, with better pricing at 15–20%+. If your credit or deposit history is on the lighter side, a larger down payment is often the lever that gets you approved.