08/31/2026
Your business is doing well. Your bank account reflects that. But when it comes time to apply for a mortgage, your tax returns may tell a very different story.
Business owners, entrepreneurs, and independent contractors often take legitimate deductions that lower their taxable income. The problem is that traditional mortgage underwriting typically looks closely at that taxable income when determining how much you may qualify to borrow.
That’s where a bank statement loan may be worth considering.
Instead of relying only on your tax returns, eligible deposits from your personal or business bank accounts may be used to help determine qualifying income.
For the right borrower, this can be a helpful alternative if you’ve been self-employed for several years, have consistent cash flow, and can document your deposits, but your tax returns show less income because of business deductions.
If you’re self-employed and looking to buy a home in Sherman, Denison, Grayson County, North Texas, Texas, Oklahoma, or Arkansas, don’t assume your tax return tells the entire story.
Being self-employed doesn’t necessarily mean you can’t qualify for a mortgage.
Sometimes, it just means we need to look at your income differently.
If you’re self-employed and wondering what options you may have, let’s talk.
