Refinance Texas Mortgage without Tax Returns

Refinance Texas Mortgage without Tax Returns

1 One Year Texas Self Employed Mortgage Lenders

No Tax Return-Texas-Bank Statement Only Mortgage Lenders

Texas Refinance  Get Mortgage Approval with NO Tax Returns!

Special Considerations By Texas 1 Year Refinance Bank Statement Mortgage Lenders

  • You can use either business or personal no commingling.
  • Use 12 months business Texas Bank account or personal account depending on the lender.
  • Deposits which are transferred from a business account into a personal account are OK.
  • You may combine W2 income with Texas Bank Statement mortgage income as long as the income is not being counted twice.
  • Foreign Texas Bank Statement mortgages and Foreign Assets may be considered and must be translated to English.

Texas 1 Year Refinance Bank Statement mortgage Loan Application Process

To apply for a Texas Bank Statement mortgage loan you would fill out our full mortgage application. Then provide your last 12 or 24  months’ worth of Texas Bank Statement mortgages from a personal or business Texas Bank account. Texas Bank Statement mortgage loans are processed through a manual underwriting process. This means the income is calculated by a person so the process can take 24 -48 hours.

Texas Cash Out Refinance Bank Statement mortgage loan:

  • You must prove self-employment for a minimum 1 years.
  • Must provide proof of 12-month rental history or and 3-6 months future payments in reserves.
  • You must have at least 10-20% down.
  • You must have 4-6 months of PITI reserves
  • You may qualify with as little as a 12-months Texas Bank Statement mortgage.
  • You must have a credit score of 600 or above to qualify.
  • The minimum loan amount is $100,000, and the maximum loan is $5,000,000.

What Documents Do I need for a 1 Year Texas Bank Statement mortgage Lender?

  • Proof of income = Your most recent 12- or 24-months Texas Bank Statement mortgages Business or Personal Texas Bank Statement mortgages EVERY PAGE EVEN BLANKS in PDF labeled by month.
  • PDF proof of down payment statement= 2 Months Texas Bank Statement mortgages to source funds..
  • Proof of 2 years in the same business or line of work = To include business licenses or satisfactory evidence of self-employed to cover previous 24 months that could include: Articles of incorporation, 2 years of 1099 s, Business license more than 2 years or accountant letter stating more than 2 years in the same business.
  • Obligations = Divorce decree, Child support or court order required payment statements. Only if applies.
  • ID = Driver’s license, SS Card.
  • Mortgage Statements = For rental properties including taxes and insurance statements. Only if applies.
  • W2 or 1099= If you have separate W2 or 1099 income you would like to use to qualify please provide.
  • Purchase and Sale Contact. Only if you have one.
  • Verified Timely Rent Payments- For Purchases Only – Please send front and backs of checks clearing your account or wire transfer’s for the most recent 12 months to verity timely rental payments.

What Are the Advantages of a Cash Out Refinance.

In summary, these are the advantages of a Texas Bank Statement mortgage loan:

  • The lender can look at 12 or 24-month Texas Bank Statement mortgages.
  • 30 Year Fixed Options.
  • Texas Bank Statement mortgage only mortgage lenders do not need to look at your tax returns.
  • Your income statements are made up of the average monthly income deposits.
  • You can get a Texas Bank Statement mortgage home loan for as little as 10 percent down.
  • You can do a cash-out refinance.
  • You can borrow up to $5 million.
  • Debt to income ratio up to 55 percent.

Eligibility Requirements for a 1 Year Cash Out Refinance Texas Bank Statement Mortgage Loan?

Eligibility for a Texas Bank Statement mortgage requires total deposits minus disallowed deposits. This amount is then divided by the number of Texas Bank Statement mortgages, whether it is the 12 or 24 months statement.

Another option is that if the co-borrower is a W2 employee you can use a hybrid of W2 and tax return income from the co-borrower and Texas Bank Statement mortgage income from the borrower or assets from the co-borrower and Texas Bank Statement mortgages from the borrower. Non-QM loans can use multiples sources of blended incomes to qualify.

Deposits which are disallowed in regards to a Texas Bank Statement mortgage loan include transfers between Texas Bank accounts and cash or large deposits, which can raise a level of concern and may require a letter of explanation.


Texas Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as Texas mortgage can no longer afford to ignore the business they are losing.

Texas bank statement only mortgage lenders say these no tax return mortgage approvals are the same products as the so-called “liar loans” that were common before the Texas housing crash. Rather, the no tax return loan approvals are going to self-employed owners or investors buying Texas properties they intend to rent who can demonstrate an ability to repay, verifiable through 12 or 24 months Texas bank or brokerage statements. Texas bank statement only mortgage lenders said they look for enough assets to pay six to 12 months of mortgage payments, while also demanding high down payments starting at 10% down to reduce the chance of mortgage default.

The CFPB’s rules don’t give specific minimums for assets required to demonstrate an ability to repay a bank statement only mortgage, but critics said 24 months bank statements to prove income may not be enough.


Texas mortgage lenders are targeting are small business owners, whose personal income tax returns may not reflect their ability to repay a Texas mortgage loan. Many self employed keep income in their Texas business to reduce their personal income tax obligation. Stated income Texas mortgage lenders are also often geared toward Texas investors, who don’t fall under the same rules imposed by the 2010 Dodd-Frank financial reform legislation.

Other Texas mortgage lenders lowering their standards to win new business include Texas biggest banks in Texas, which said earlier this year it is willing to make loans to borrowers with credit scores as low as 600, down from a previous limit of 680.

The Dodd-Frank law said that, for all owner-occupied Texas mortgage lenders must make sure the borrower has the capacity to repay, or face enforcement from the Consumer Financial Protection Bureau as well as consumer claims in court, where Texas mortgage lenders could be liable for up to three years of finance charges and fees.


Ability-to-repay rules apply only to Texas mortgages for primary residence in otherwise for people who will live in the Texas house. That means there is potential for abuse if borrowers apply for the Flo0rida mortgage loan  saying they’ll rent out the property when in fact they intend to live there. Because these kinds of loans are not subject to ability-to-repay rules and require less documentation, Texas mortgage applicant could be talked into taking on Texas mortgage loans they cannot afford.

Texas Cash Out Refinance Mortgage Lenders Highlights

  • No tax returns required
  • 12 month personal bank statements
  • 24 month business bank statements
  • Loans up to $3 million
  • Credit scores down to 600
  • Up to 90% LTV on Personal and Business with no MI
  • DTI up to 50% considered
  • Owner-occupied, 2nd homes and investment properties
  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Non-warrantable condos considered
  • Jumbo loans down to 600 score
  • 5/1 ARM or 30-year fixed
  • No pre-payment penalty for owner-occ and 2nd homes
  • Seller concessions to 6% (2% for investment)
  • 2 year self-employed required


Texas Mortgage we structure customized no-tax return loan programs for both self-employed Texas mortgage applicants who have trouble documentation their income. We have helped many self-employed Texas real estate professionals, recently divorced and retired borrowers who have good credit and strong liquid reserves, and/or balance sheet qualify for a mortgage after being denied a mortgage.
TEXAS NO TAX RETURN MORTGAGE LENDERS— NO Tax Return-Texas-Cash-Out Refinance Mortgage Lenders

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