Bank Statement Loans for Self-Employed Borrowers in Lewisville, TX
Liberty Home Mortgage helps self-employed borrowers qualify for a home loan using bank statement income instead of tax returns. If your tax returns show large write-offs but your deposits show strong cash flow, a bank statement loan may be a better fit than a traditional conventional loan (program dependent).
Proudly serving Lewisville (75056), Denton County, and borrowers across Texas.
✅ Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com
What Bank Statement Loans Are
A bank statement loan is an alternative documentation mortgage option designed for borrowers who are self-employed, own a business, or earn income that does not show clearly on tax returns. Instead of W-2s and full tax returns, lenders review your bank deposits over time (most commonly 12 or 24 months) to estimate qualifying income.
A local mortgage broker lewisville self-employed borrowers work with can explain bank statement qualification step by step.
Who This Loan Can Help
- Business owners and self-employed borrowers
- Contractors and 1099 earners with steady deposits
- Borrowers with large tax deductions or write-offs
- Borrowers with variable or seasonal income
- Borrowers seeking a common-sense cash flow review
What You Can Use Bank Statement Loans For
- Purchase (buy a home)
- Rate and term refinance
- Cash-Out Refinance (Texas A6) (when allowed)
Common Documentation (Simple Checklist)
- 12 or 24 months of personal or business bank statements (program dependent)
- Short business explanation (what you do and how you get paid)
- Business documents if applicable (license, EIN, or entity paperwork)
- Housing history, credit, and standard loan documentation
How Bank Statement Income Is Calculated
In simple terms, the lender reviews deposits and applies an expense factor or other approved method to estimate usable income. This approach often works well when tax returns show lower income due to deductions. We explain the calculation before you submit so there are fewer surprises.
Important Notes
Bank statement loans are not Conventional, FHA, or VA loans. They are alternative documentation programs and may have different rate, down payment, reserve, and underwriting requirements. All loans are subject to underwriting approval and program guidelines.
Helpful Related Pages
Get a Bank Statement Loan Quote
Tell us your goal (purchase, refinance, or cash-out) and your property city. We will provide a simple checklist and explain the best bank statement option for your situation.
📞 Phone & Text: 713-955-4685
✉️ info@libertyhomemortgage.com
🌐 www.libertyhomemortgage.com
✅ Apply Now