Self-employed home loans across Van Zandt County
For self-employed buyers in Van Zandt 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%. From Canton to the surrounding towns, we help Van Zandt County business owners qualify on their deposits.
Van Zandt County at a glance
In Van Zandt County, the median household income is about $67,538 (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 Van Zandt County
- Qualify on 12-24 months of bank statements instead of tax returns
- DSCR options too, if you're financing a Van Zandt County rental on its own cash flow
- Roughly 50% of business-account deposits counted as qualifying income
- Write-offs that cut your taxable income don't cut your qualifying income
If you run a business or earn 1099 income in Van Zandt County, a quick check turns your recent deposits into an estimated qualifying income, often far more than your tax return suggests.
1099 loans for contractors and gig workers
If most of your income arrives on 1099s, a 1099 loan may beat a bank-statement loan, lenders can count roughly 90-100% of your gross 1099 earnings, rather than discounting business deposits by half. It's built for freelancers, consultants, and independent contractors.
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.
P&L-only loan options
Some self-employed borrowers qualify with a CPA-prepared profit-and-loss statement, sometimes paired with a couple months of statements. A P&L loan is another non-QM path when your deposits alone don't capture the whole picture.