Texas Loan Options
What Are Bank Statement Loans in Texas?
Bank statement loans are non-qualified mortgage loans designed for borrowers who may not have traditional income documentation, such as W-2s or tax returns. Instead, these loans allow lenders to verify your ability to repay based on consistent monthly bank deposits.
This option is especially valuable in both high-demand and underserved areas, including:
- Austin: A thriving market with luxury homes in Westlake, Tarrytown, and Downtown.
- Dallas-Fort Worth: Ideal for properties in Highland Park, Uptown, and expanding suburban communities.
- Houston: Serving vibrant neighborhoods like The Woodlands, River Oaks, and the Energy Corridor.
- San Antonio: Opportunities in Alamo Heights, Stone Oak, and historic districts.
- Hill Country: Perfect for scenic ranches, vineyards, and custom estates in areas like Fredericksburg and Dripping Springs.
- Coastal Texas: Beachfront and vacation properties in Galveston, South Padre Island, and Port Aransas.
- West Texas & Rural Areas: Supporting investment and primary home financing in underserved communities.
We serve all communities across Texas, including rural and remote areas that may face limited traditional financing options.
Why Choose Pacific Home Loans?
At Pacific Home Loans, we specialize in flexible lending solutions. Our Texas bank statement loans are ideal for:
- Self-employed borrowers who benefit from tax deductions that may reduce their reportable income.
- Entrepreneurs and business owners seeking hassle-free approval.
- Buyers interested in properties across the great state of Texas, including primary residences, second homes, and investment properties.
We can even factor in long-term and short-term rental income, such as Airbnbs, VRBOs, and self-managed nightly rentals, to help investors qualify for these loans where applicable. Additionally, we prioritize access to financing the entire state of Texas where traditional lending may not always be available, ensuring equal opportunities for all buyers.
Key Benefits of Texas Bank Statement Loans
- Flexibility: Use 12 or 24 months of bank statements to prove your income.
- High Loan Limits: Qualify for loans ranging from $100,000 to $5,000,000.
- Low Down Payments: With a credit score of 660 or higher, you can secure up to 90% financing.
- Simplified Documentation: No need to provide tax returns or employer-verified income.
Explore Texas’s Most Desired and Underserved Areas
From the vibrant city life of Austin to the peaceful landscapes of the Texas Hill Country, the Lone Star State offers a diverse range of opportunities for homebuyers and investors. Our team provides exceptional service tailored to your specific needs, whether you’re purchasing your first home, upgrading to a luxury property, or securing a short-term rental investment.
Popular areas for investment include:
- Downtown Austin: A hotspot for high-demand short-term rental properties.
- The Woodlands, Houston: Known for its upscale neighborhoods and strong market growth.
- Dallas Uptown & Highland Park: Prime locations for luxury homes and investment properties.
- San Antonio’s Historic Districts: Ideal for unique, character-filled rental opportunities.
- Texas Hill Country: Perfect for vacation homes, wineries, and scenic retreats in Fredericksburg and Dripping Springs.
- Texas Gulf Coast: Offering beachfront investment opportunities in Galveston, Port Aransas, and South Padre Island.
We serve all communities across Texas, including rural and remote areas where flexible lending solutions are often needed.
How to Qualify
To qualify for a Texas bank statement loan, you’ll need to meet the following requirements:
- Be self-employed or a business owner for at least 2 years.
- Maintain a credit score of 620 or higher.
- Provide 4 to 6 months of PITI reserves, depending on your loan size.
Make Your Texas Dream Home a Reality
From the bustling energy of Austin to the rolling hills of the Texas Hill Country, the vibrant culture of Dallas-Fort Worth, and the serene coastal retreats along the Gulf, Texas offers endless opportunities for homeowners and investors alike. Whether you’re looking to settle into a primary residence, purchase a second home, or invest in short-term rental properties, our bank statement loans provide the financial flexibility to make your move effortless.
Ready to start your journey? Contact us today to learn more about Texas bank statement loans and how we can help you secure your dream home—no matter which city or community you choose!
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
