How Midland business owners get mortgage-approved
Midland is bank-statement country: oilfield contractors, hot-shot truckers, and field-service owners with huge deposits but heavy write-offs. The 50% deposit method often unlocks far more than their tax returns.
Buying in Midland or anywhere around Greathouse, Grafa, Legends Park, Saddle Club? Deposit-based qualifying works the same across the Midland–Odessa (Permian Basin) region. Local industries like oil & gas, construction, trucking, field services are exactly the deposit-rich, write-off-heavy profiles these programs were built for.
Midland qualification at a glance
- Self-employed 2+ years (1–2 years can work with industry history)
- 100% of personal-account deposits can count as income
- 1099 and P&L programs available when statements aren't the best fit
- Roughly 50% of business deposits counted as income — or more with a CPA letter
Jumbo loans without tax returns
Above the conforming limit — $832,750 in most Texas counties for 2026 — bank statement jumbo programs keep working. Expect larger down payments and deeper reserves than smaller loans, but the core trade holds: your deposits, not your post-write-off taxable income, set your buying power.
Financing a Texas barndominium
Texas is the most barndo-friendly lending market in the country, but financing is still lender-by-lender: appraisals hinge on comparable metal-building home sales, which rural Texas counties actually have. Completed barndos fit portfolio and non-QM programs; new builds usually run through construction-to-permanent loans with a licensed builder.
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.