Self-employed? Refinance your Texas mortgage with bank statements.

Yes. Many borrowers take an initial bank statement loan at a higher rate, then refinance after 12 months of payment history to lock a better rate. We also refinance conventional or other loan types into bank statement programs if your income documentation has changed.

12 or 24 months of personal or business bank statements. Business accounts are preferred for business owners. We calculate average monthly deposits and apply an expense ratio (typically 50%) to determine qualifying income.

660 for rate & term refinance. 680+ for cash-out. Higher scores (700+) qualify for better rates and higher LTV options.

Yes. Bank statement cash-out refinance is available up to 75% LTV. On Texas homesteads, the 80% LTV cap and 50(a)(6) rules apply, so the effective max is 75-80% depending on the scenario.

Bank statement rates are typically 0.5–1.5% higher than conventional rates because they're non-QM products. However, many self-employed borrowers can't qualify conventionally due to tax deductions, making bank statement the best available option.

Primary residences, second homes, and investment properties all qualify (1-4 units). Condos, townhomes, and single-family homes are eligible. Mixed-use properties may qualify case by case.