Qualify on deposits, not tax returns, in Stephens County
For self-employed buyers in Stephens County, the right loan looks at your bank statements, not your 1040. With 12–24 months of deposits, you can qualify for a home without the W-2s and tax returns a traditional lender demands. Down payments often start around 10%, with stronger pricing at 15–20%. Our specialists work with self-employed borrowers throughout Stephens County, including Breckenridge and nearby areas.
Stephens County at a glance
In Stephens County, the median household income is about $57,983 (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 Stephens County
- Local specialists who structure non-QM loans for Stephens County business owners
- DSCR options too, if you're financing a Stephens County rental on its own cash flow
- Qualify on 12–24 months of bank statements instead of tax returns
- Personal or business bank statements both accepted
If you run a business or earn 1099 income in Stephens County, a quick check turns your recent deposits into an estimated qualifying income — often far more than your tax return suggests.
Gig income counts — document it right
Uber, DoorDash, Instacart, freelance platforms — lenders aggregate it all as self-employment income. Route payouts into one account, keep your 1099s, and show about two years of history. Bank statement and 1099 loans capture what the apps actually paid you, not what survived your mileage deduction.
ITIN loans: no Social Security number required
Taxpayers who file with an IRS-issued ITIN can buy a home through ITIN mortgage programs — typically 10-20% down, two years of work history, and credit shown by score or alternative trade lines like rent and utilities. Self-employed ITIN borrowers can often qualify with bank statements.
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.