How Corpus Christi business owners get mortgage-approved
Corpus Christi's charter operators, commercial fishermen, and port contractors are natural bank-statement borrowers with seasonal, deposit-heavy income.
Buying in Corpus Christi or anywhere around Calallen, Flour Bluff, Padre Island, Southside? Deposit-based qualifying works the same across the Corpus Christi region. If you work in energy, port & shipping, fishing, tourism, odds are your tax returns understate your real income — which is the problem this loan solves.
Who qualifies in Corpus Christi
- 100% of personal-account deposits can count as income
- 620+ credit and down payments starting around 10%
- No W-2s, no tax returns, no pay stubs required
- DSCR options for investment properties — no personal income at all
LLC and S-corp owners: your K-1 isn't the ceiling
Owners who pay themselves modest salaries and leave profit in the business look artificially small on paper. Bank statement programs can use your business account deposits — typically counted around 50%, or higher with a CPA letter documenting your expense ratio — so the company's real cash flow backs your approval.
Your write-offs stop working against you
The deductions that lower your tax bill also lower the income a conventional lender sees — which is why so many business owners get under-qualified or denied. A bank-statement loan flips that: your real deposits, not your write-off-reduced taxable income, drive your approval.
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.