Self-Employed in Texas? Your Complete 2025 Guide to Getting a Mortgage

Don't watch your dream house slip away because the lender didn’t understand your income. This guide explains how ACM qualifies entrepreneurs, freelancers, gig workers, and 1099 earners using Bank Statement, 1099, P&L, and Asset-Based mortgages.

Learn about the required documents, the real reason traditional lenders decline, how our approvals work, and get expert insights, pro tips, document checklists, and more.

What is a Self-Employed Mortgage?

A self-employed mortgage is a home loan for business owners, contractors, and freelancers who don’t have W-2s.

Lenders verify income with alternative docs, 12–24 months of bank statements, CPA-prepared P&L or 1099s, and sometimes liquid assets, so approvals reflect real cash flow, not just taxable income.

These are typically called non-QM programs (non-Qualified Mortgage), designed to evaluate real cash flow responsibly.



Who qualifies as “self-employed” to a lender?

If you own 25% or more of a business, lenders treat you as self-employed and expect to analyze the business’s stability, income trends, and liquidity.

Bank Statement Loan

Best for: high write-offs, variable monthly income, multiple revenue streams.

A bank statement mortgage lets you qualify with 12–24 months of deposits (business or personal) instead of W-2s/tax returns; lenders apply an expense factor to estimate income.

How it qualifies you:

• Uses 12–24 months of personal or business bank statements to model true cash flow instead of taxable income.
  
  
• Expense factors (often 10–50%) may apply to business statements.

Requirements:

• 12–24 months of statements (PDFs, all pages)
  
• Entity docs (if using business accounts)
  
• Optional: CPA letter on typical expense ratio
  
  

Our in-house underwriters target lenders with the lowest expense factor your profile qualifies for (that’s a major swing factor in approval amount).

1099 Only Loans

Best for: high write-offs, variable monthly income, multiple revenue streams.

A bank statement mortgage lets you qualify with 12–24 months of deposits (business or personal) instead of W-2s/tax returns; lenders apply an expense factor to estimate income.

How it qualifies you:

• Uses 12–24 months of personal or business bank statements to model true cash flow instead of taxable income.
  
  
• Expense factors (often 10–50%) may apply to business statements.

Requirements:

• 12–24 months of statements (PDFs, all pages)
  
• Entity docs (if using business accounts)
  
• Optional: CPA letter on typical expense ratio
  
  

Our in-house underwriters target lenders with the lowest expense factor your profile qualifies for (that’s a major swing factor in approval amount).

Why Banks Say “No”, and How We Turn It Into a “Yes”?

Where traditional lenders get stuck

• Write-offs shrink AGI. Great for taxes; terrible for old-school underwriting that only reads your 1040.

• Irregular deposits look “unstable.” Automated models penalize non-W-2 cash flow.

• Paper chase chaos. Endless letters of explanation, two+ years of returns, and nitpicking every deposit.

How ACM flips the script?

• Program-fit first. We match you to the right path, Bank Statement, 1099, P&L, or Asset-Based, so your real income method drives the approval.
  
  (e.g., heavy write-offs → Bank Statement; platform income → 1099; clean books → CPA P&L; strong reserves → Asset-Based.)
  
  
• Pre-underwritten packaging. Our in-house team builds the file before a lender sees it; clean statements, clarified large deposits, CPA letters, and a defensible income calc that answers questions upfront.

• Lender–rule matching. We place your file with lenders whose guidelines fit your pattern (business vs. personal statements, acceptable CPA expense factors, broader asset classes counted).

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