Texas Mortgage Loans

Looking for a mortgage in Texas? 1st Nationwide Mortgage is a licensed mortgage lender helping homebuyers and homeowners across the Lone Star State find the right home financing solution.

Mortgage Programs Available in Texas

We offer a full suite of mortgage products to Texas residents:

• FHA Home Loans — Low down payment options starting at 3.5%
• VA Home Loans — Zero down payment for eligible veterans and active military
• Conventional Loans — Competitive rates on 15 and 30-year fixed terms
• Jumbo Loans — Financing above conforming loan limits
• USDA Loans — Zero down payment for eligible rural areas throughout Texas
• Bank Statement Loans — Self-employed borrower solutions

Texas Bank Statement Loans for Self-Employed Borrowers

If you’re self-employed in Texas, your tax returns may not reflect the income you actually earn. Business deductions, depreciation, and reinvested revenue can shrink your taxable income well below what flows through your bank accounts.

A bank statement loan lets lenders verify your income through 12 or 24 months of bank deposits instead of tax returns — giving self-employed Texans a realistic path to homeownership or refinancing.

Who Qualifies

Bank statement loans are designed for borrowers with non-traditional income documentation:

• Small business owners and sole proprietors
• Independent contractors and 1099 workers
• Freelancers and consultants
• Commission-based professionals (real estate agents, sales)
• Entrepreneurs in growth mode with heavy reinvestment

You’ll need at least two years of self-employment and consistent bank deposits. Most programs require a minimum credit score of 620.

How Texas Lenders Evaluate Bank Statement Loans

Lenders review your consecutive monthly bank statements — either personal or business accounts — to calculate qualifying income.

• Personal statements: Deposits are typically counted at 100% since they reflect after-expense income
• Business statements: An expense factor (commonly 50%) is applied to account for business costs
• CPA letter: Can sometimes lower the expense factor if your actual business expenses are below the default

The result is a qualifying income figure that’s usually much closer to your real earnings than your tax return shows.

Common Use Cases in Texas

• Purchasing a home in Dallas, Houston, Austin, San Antonio, or anywhere statewide
• Refinancing an existing mortgage to a lower rate or shorter term
• Cash-out refinance to access equity for business investment or property improvements
• Investment property purchases for borrowers who are both self-employed and real estate investors

Texas has no state income tax, which makes it particularly attractive for self-employed borrowers — and bank statement loans complement that advantage by removing the tax return requirement from the mortgage process.

Texas Bank Statement Loan Requirements

• Credit score: 620 minimum; better rates at 700+
• Down payment: 10%+ for primary residence; 20–25% for investment property
• Self-employment: 2+ years in the same business or field
• Statements: 12 or 24 consecutive months (personal or business)
• Reserves: 3–12 months of payments in liquid assets
• Property types: Single-family, condo, townhome, 2–4 unit

For more details on bank statement programs including income calculation and program comparisons, see our Bank Statement Loans hub page or our 12-month bank statement option.

Texas Bank Statement Loan FAQ

Texas Licensing Information

1st NWM Corporation is licensed in Texas under the Savings & Mortgage Lending License, License #SML #1437886.

NMLS #1437886 | Verify on NMLS Consumer Access

Texas complaint hotline: 1-877-276-5550

Required State Disclosures

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS, OR TO FILE A CLAIM AGAINST A RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM OR CLAIM APPLICATION TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’s WEBSITE: SML.TEXAS.GOV.

TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV.

Get Started Today

Ready to explore your mortgage options in Texas? Contact us at (833) 350-9185 or apply online.