Bank statement & 1099 mortgages for Tyler County
If you run a business, contract, or freelance in Tyler County, a conventional lender's reliance on tax returns can work against you. Bank statement loans count your actual cash flow — often 50% of business deposits or 100% of personal — to get you qualified. Real estate investors can use DSCR loans that qualify on a property's rental cash flow alone. Whether your business is in Woodville or elsewhere in Tyler County, we can turn your deposits into buying power.
Tyler County at a glance
In Tyler County, the median household income is about $60,052 (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 Tyler County
- Self-employed 2+ years preferred (1–2 years can work with a strong history)
- Personal or business bank statements both accepted
- Credit from 620 and down payments from 10%
- Built for 1099 contractors, realtors, gig workers, and small-business owners
Self-employed buyers near Woodville and throughout Tyler County use bank statement loans to qualify on real cash flow; the 60-second check shows your estimated income with no credit pull.
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.
Non-warrantable condos: when the building is the problem
Sometimes you qualify and the condo doesn't — too many rentals in the project, pending litigation, one owner holding too many units. Conventional lenders walk away; non-QM lenders underwrite the building on its merits. If a condo deal died over 'warrantability,' there's usually still a loan for it.
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.