Bank Statement Loans in Texas for the Self-Employed
Energy, medicine, tech, trades and a lot of independent work. Texas runs on people who own their own businesses.
Self-employed buyers in Texas can ask about bank statement programs that use 12 or 24 months of statements in place of tax returns, where the program allows. Property taxes, special districts and local housing differ across the big metros, so the details of the property matter.
Four big metros, four different engines
Dallas-Fort Worth is a corporate and logistics center. Houston has energy, a huge medical district and a major port. Austin mixes technology, state government and a university. San Antonio brings together the military, healthcare, tourism and a large number of family-run businesses. Between those regions are oil patches, ranches and small towns.
Who borrows with statements here
Business owners in trades, oil field services, medical and dental practices, real estate and a wide range of professional services are common. Texas has no state income tax, but property taxes are significant, which factors into what a monthly obligation looks like. A lender will include taxes and insurance when reviewing the whole file.
Preparing your file
Be clear about whether you are buying or refinancing and what the property will be used for. Bring statements, business records, tax and insurance estimates for the address, and a short note on how your business is paid.
Texas by the numbers
About 10.7 percent of employed people in Texas work for themselves, roughly 1,539,111 workers. The survey splits them into 517,790 who own incorporated businesses and 1,021,321 who do not. Most self-employed residents work in professional and business services, construction or personal and repair services, which together account for 780,444 people. Home values center on $284,000, rents on $1,403 a month and household income on $78,000, with 63 percent of homes lived in by their owners. About 14.4 percent of workers work from home, 34 percent of adults hold a bachelor's degree or higher, and the median age is 36.
| Measure | Texas |
|---|---|
| Self-employed workers | 1,539,111 |
| Share of employed residents | 10.7 percent |
| Incorporated businesses | 517,790 |
| Unincorporated businesses | 1,021,321 |
| Median home value | $284,000 |
| Median gross rent | $1,403 a month |
| Median household income | $78,000 |
| Homes owner occupied | 63 percent |
Source: Census Bureau American Community Survey, 2020 to 2024. See the data sources page.
Metros in Texas
- Dallas-Fort Worth, TXDallas, Fort Worth and suburbs
- Houston, TXEnergy, medicine and the port
- Austin, TXCapital, tech and live music
- San Antonio, TXMilitary City USA
More cities and counties in Texas
- Fort Worth, TXCowtown and Alliance
- Arlington, TXEntertainment district
- Plano, TXLegacy business corridor
- Frisco and McKinney, TXCollin and Denton counties
- Corpus Christi, TXCoastal Bend
- El Paso, TXBorder and Fort Bliss
- Lubbock, TXSouth Plains
- McAllen and the Rio Grande Valley, TXRio Grande Valley
- Amarillo, TXTexas Panhandle
- Waco, TXBaylor and Magnolia
- Killeen, TXFort Hood and Central Texas
- College Station, TXTexas A&M and Bryan
- Round Rock and Georgetown, TXWilliamson County
- New Braunfels and San Marcos, TXI-35 and the Hill Country
- The Woodlands, TXMontgomery County
- Katy, TXWest Houston and Fort Bend
- Sugar Land, TXFort Bend County
- Midland and Odessa, TXPermian Basin
The basics apply here too
Whichever Texas metro you pick, the core file is the same. Statements for the window, a plain account of the business and its ownership, and the usual credit and property review. The proof guide explains each piece.
Availability varies by program, property and state. Company details are on the disclosures page.
Other states
- Bank statement loans in North Carolina
- Bank statement loans in South Carolina
- Bank statement loans in Virginia
- Bank statement loans in Florida
Buying or refinancing in Texas?
Apply online or call and tell us about the property.
Frequently asked questions
Do Texas property taxes matter?
They are part of the monthly housing obligation a lender reviews, along with insurance and any association dues.
Does a special district affect my payment?
Many newer communities carry district charges. Ask for the tax and district estimate for the exact address early.
Which Texas metros does this cover?
Pages on this site cover Dallas-Fort Worth, Houston, Austin, San Antonio and many suburbs, with local notes for each.