Bank Statement Loans in McKinney, TX

Q: Can I refinance with a bank statement loan?

Yes — you can refinance to lower your rate or take cash out, subject to Texas's 80% cash-out limit on a primary residence.

Bank Statement Home Loans in McKinney, TX

Self-employed? Qualify using 12-24 months of bank statements instead of tax returns. We count your real deposits, not your write-offs. See your qualifying income in 60 seconds.

No Tax ReturnsQualify on 12-24 months of personal or business bank statements.

Real Income CountedWe use your deposits, not your write-off-reduced taxable income.

10% DownCompetitive down-payment options for self-employed borrowers.

Built for Business Owners1099 contractors, realtors, gig workers, and entrepreneurs welcome.

Licensed Texas loan specialists NMLS ID available on request Equal Housing Opportunity

Bank statement loans in McKinney, Texas

McKinney's small-business owners and self-employed professionals use bank-statement loans to qualify on deposits rather than write-off-reduced tax income.

We serve self-employed buyers across McKinney, from Historic Downtown, Stonebridge Ranch, Craig Ranch to the wider Dallas-Fort Worth Metroplex market. The corporate, aviation, real estate, small business economy runs on self-employment, and deposits tell that story better than a 1040 ever will.

Who qualifies in McKinney

100% of personal-account deposits can count as income
Roughly 50% of business deposits counted as income, or more with a CPA letter
Self-employed 2+ years (1-2 years can work with industry history)
No W-2s, no tax returns, no pay stubs required

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.

Realtors: qualify on your commissions

Agents deduct heavily, mileage, marketing, MLS dues, splits, so the net income a conventional lender sees rarely reflects real earnings. Bank statement loans count your commission deposits, and 1099 loans count 90-100% of your gross 1099, two clean paths to the home you've been selling everyone else.

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Frequently Asked Questions

Can I refinance with a bank statement loan?

Yes, you can refinance to lower your rate or take cash out, subject to Texas's 80% cash-out limit on a primary residence.

What credit score do I need?

Many programs start around 620-660. A higher score unlocks better rates and lower down payments, but strong, consistent deposits carry a lot of weight too.

Can I buy an investment property?

Yes. Bank statement and DSCR loans can finance primary homes, second homes, and investment properties. Note Texas caps cash-out refinances on a primary residence at 80% of value.

Will moving money between my accounts hurt my application?

It can muddy the file. Transfers between your own accounts get excluded so they aren't double-counted, and frequent overdrafts or NSFs are red flags. Keep deposits clean and consistent in the months before applying.

What is a 1099 loan and how is it different?

A 1099 loan qualifies contractors and gig workers using their 1099 forms instead of tax returns, often counting 90-100% of gross 1099 earnings. It's a great fit if most of your income comes on 1099s.

Do I need tax returns or W-2s?

No. Income is verified from your deposits (or 1099s/P&L), so no tax returns or W-2s are required to document income, just proof of self-employment and consistent statements.