Many trades require one, and a license supports the file.

My work is mostly for builders. Is that okay?

Yes, if the relationships are documented and consistent.

Are there many contractors and tradespeople in the Fort Worth area?

Payroll data for Tarrant County show roughly 2,617 establishments with employees in specialty trade contractors, and Census estimates count roughly 8,848 self-employed residents of the city of Fort Worth in the related industry group. Owners with no employees appear only in the Census figure.

What is unique about Fort Worth for contractors and tradespeople?

A statement review is not local, but the purchase is. Here the median home is worth approximately $303,000, 57 percent of households own, and the median home dates from 1994; the Texas median value is $284,000.

Bank Statement Loans for Contractors and Tradespeople in Fort Worth, TX

Short answer

Fort Worth contractors and tradespeople show customer payments, builder draws and subcontractor expenses. The mortgage lender examines a 12 or 24 month stretch of statements, depending on the program.

Counting the work in Fort Worth

Payroll filings in Tarrant County include 2,617 establishments in specialty trade contractors. They employ approximately 37,502 people, and the average annual pay is near $76,419. Anyone working alone is invisible to payroll documents, which means the total of contractors and tradespeople is higher than the establishment count implies. Its employment location quotient of 1.12 compares with 1.0 for the nation as a entire.

The survey also finds about 8,848 self-employed residents of the city of Fort Worth in construction. That is 21.7 percent of the workers in the group and 19.1 percent of the self-employed as a whole.

Fort Worth snapshot

Measure	Figure
Employer establishments in specialty trade contractors	2,617
Jobs at those establishments	37,502
Average annual pay	$76,419
Self-employed residents in the related group	8,848
Share of that group who are self-employed	21.7 percent
Statewide share for the same group	22.5 percent

Where the work is

Subdivisions in Alliance, Keller, Saginaw, Aledo and Crowley keep framers, electricians, HVAC firms and landscapers busy. Older neighborhoods like Ridglea, Arlington Heights and the Around Southside need repairs and updates.

Housing and ownership numbers

For contractors and tradespeople planning a purchase, the market in the city of Fort Worth looks like this: the median home is valued roughly $303,000, about 7 percent above the Texas median of $284,000; proprietors live in 57 percent of occupied houses; and single family detached residences make up 65 percent of the stock, with 19 percent in larger buildings. Medians hide a wide range, and the appraisal on the actual home is what tallies.

Draws, deposits and subs

A builder's draw schedule influences deposits. A remodeler's deposits follow homeowner contracts. A loan analyst keeps apart traceable pass-throughs and applies the program's expense factor.

Illustrative scenario. An electrician serves two builders and a group of homeowners. Draws link contracts, a storm-repair surge is noted, and a 24 month average is applied.

Hail and weather

North Texas hail creates bursts of work for roofers and glass shops. Insurance-driven surges may not repeat, so the mortgage lender may ask about regular clients. A 24 month window helps.

Licenses and records

A license where required, insurance certificate, a summary of customers and a letter from a tax professional round out the file. Equipment financing should be listed.

Common sticking points

About 57 percent of houses in Fort Worth are owner occupied, and many of those owners have been through this process. Materials, subcontractor payments and equipment leases flow through the same account that collects the income. Statement programs manage that with an expense factor in place of line by line costs, and the factor may be lower if a tax professional records your actual cost structure. Tradespeople who buy materials in bulk may find that a documented profit and loss statement works better than the default.

Against the state and peers

For comparison, the Texas statewide share is 22.5 percent, and Fort Worth comes in at 21.7 percent, close to it. Of 22 comparable Texas areas, it ranks 13th on that measure. At $76,419, average pay is in a middle range, so a usual owner's deposits and costs both run at moderate levels.

Paperwork worth gathering

Many tradespeople run through a sole proprietorship that grew into an LLC. An underwriter reads both periods as one record if the work and the customers are the same. A letter from your tax professional that confirms the dates and the business name change keeps the history continuous.

Making the file easier

Fort Worth is a market where 9.6 percent of workers are self-employed, so the points below come up often. If you recently moved from employee to owner in the same trade, for example a foreman who started his own crew, the earlier W-2 pay records show that you have been doing this work for years. Some programs treat that continuity as part of your self-employment history. Bring the pay stubs.

Employers in the work around Fort Worth

Line of business	Establishments	Jobs	Average annual pay
Building equipment contractors	1,176	18,796	$81,446
Foundation, structure and exterior contractors	698	8,935	$75,510
Building finishing contractors	429	5,450	$64,562
Other specialty trade contractors	314	4,322	$71,389

Local statistics are from the Census Bureau and the Bureau of Labor Statistics, as described on the data sources page.

Not a loan offer or a quote. Rules differ by program, and a lender confirms your income, debts and ability to repay.

Talk to a loan officer about Fort Worth

Apply online or call, and we will tell you which documents to pull together first.

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