A bank statement program makes the financing process simple for loan seekers because it allows them to show verified bank deposits rather than tax forms.

Those interested in real estate purchases may want to use this form of funding because of the options and flexibility it provides. Flexibility is critical in this new era where more people are leaving traditional forms of employment and seeking options that align with their needs. Ultimately, bank statement mortgage loans in Texas are a good alternative for many individuals.

It is here where it can be beneficial to secure bank statement loans in Texas through providers like Griffin Funding. Below, we’ve provided more information concerning bank statement loans in Texas so that you can learn about this method of financing.

What Is a Bank Statement Loan?

A bank statement loan is a type of Texas home loan that enables individuals to demonstrate income through bank statements rather than tax returns.

This specific loan program is valuable to those who have more complicated earnings. These individuals may include business owners, gig economy workers, retirees, or others who may not have W-2 tax forms or who earn varying levels of income throughout the year.

Whereas conventional Texas home loans require more stringent income verification with regular tax forms, pay stubs, and more to check monthly earnings, bank statement home loans in Texas go in a different direction.

Lenders are aware that business owners and gig economy workers may not be able to provide conventional proof of income documentation. They need a more comprehensive solution that looks at their overall situation.

An alternative solution is important because a robust monthly income and a great debt-to-income ratio enables borrowers to obtain better loan terms. However, providing those traditional employment documents is impossible for people who don’t have full–time employers. Instead, mortgage applicants may choose to pursue a bank statement loan in Texas.
Bank statement mortgage loans in Texas ensure that applicants who have the required level of deposits in their bank statements can get the opportunity to purchase the real estate they qualify for.

Bank statement loan programs in Texas are effective because they help more individuals gain access to real estate opportunities. At the same time, it is important to realize that bank statement loans will typically require at least a year or two of consistent deposits into your financial account. Enter your deposits into this bank statement loan calculator to see if you qualify.

What Types of Bank Statement Loans Are Available in Texas?

We currently offer two loan options for self-employed borrowers in Texas:

Personal Bank Statements: Qualify on 12 or 24 months’ worth of bank statements. We count 100 percent of deposits as income.

Business Bank Statements: Qualify on 12 or 24 months’ worth of bank statements. We count 50 percent of the deposits as income.

Pros and Cons of Texas Bank Statement Loans

While bank statement loans are designed to help those who may not qualify for a conventional loan achieve their dreams of homeownership, there are a few pros and cons to keep in mind. 


Texas bank statement loans offer an alternative way to verify income, allowing everyone from retirees to self-employed individuals to qualify for a home loan. The benefits of these loans include: 

  • Flexibility in income documentation
  • Individuals with fluctuating income, such as freelancers or business owners, may find it easier to qualify compared to traditional mortgages
  • Loan amounts of up to $5 million
  • Down payments as low as 10%
  • Quick approval process


Unfortunately, no loan is perfect, and there are key considerations to make before applying for a bank statement loan in Texas. Potential cons of Texas bank statement home loans include the following: 

  • Higher interest rates that reflect the increased risk associated with non-traditional income documentation
  • Must be self-employed for at least two years to qualify 
  • Not offered by all lenders

If you’re unsure whether a bank statement loan in Texas is right for you, feel free to reach out to Griffin Funding to further discuss how bank statement loans work and potential alternatives to this type of financing. 

How Hard Is It to Get a Bank Statement Loan in Texas?

Texas is known for being pro-business to promote economic growth and progress. While the state of Texas is in favor of growing its economy and imposing less regulatory hurdles, it is important to note that banks must adhere to various rules and regulations at the state and federal levels. 

In addition to this, lenders may have different requirements and lending standards that they abide by as they work with customers. Individuals who want to get a bank statement loan in Texas will have to search and find the right lender for them. Not all lenders will provide self-employed mortgage loans in Texas because they may have more stringent loan criteria.

Once you find the right lender, getting a bank statement loan should be fairly straightforward as long as you meet the minimum qualification requirements. Texas bank statement loans offer a streamlined, low documentation application and approval process that can help get you into your new home fast.

Texas Bank Statement Loan Requirements 

Self-employed individuals, business owners, and others with different income streams who seek to obtain a bank statement loan in Texas will need to meet certain requirements. The main requirement to qualify for a self-employed home loan in Texas is to have proof of at least twelve months of consistent regular deposits. Lenders will look at business accounts or personal accounts depending on whether you’re applying for a business or personal bank statement loan.

These individuals do not have to worry about providing tax returns that may traditionally disqualify them from seeking a mortgage. However, lenders need to know if you have regular cash flows to support the potential loan while accounting for your debts and expenses.

Additionally, you must have been self-employed for at least two years in order to qualify for a bank statement loan in Texas. In certain cases, you may qualify after only one year of self-employment, but you still must have at least two years of experience in the same line of work. 

Financial institutions will also take into account other aspects when considering a loan, such as the borrower’s credit score, the level of down payment, profit and loss statements, level of assets, and even property types. Different lending institutions will also ask for a certain level of PITI reserves and will likely set loan limits.

Remember that it is a great idea to contact your lender to find out if they can accommodate you if you do not meet all of the required criteria.

Download the Griffin Gold app today to see if you qualify for a bank statement loan in Texas. 

Where Are Texas Bank Statement Loans Available?

We operate in:
  • Houston
  • San Antonio
  • Dallas
  • Austin
  • Fort Worth
  • Laredo
  • El Paso
  • Arlington
  • Corpus Christi
  • Plano
  • and more

Griffin Funding is proud to serve cities across the state of Texas. If you’re interested in securing a bank statement loan anywhere in Texas, reach out to us to get started. 

Griffin Funding Is Focused on Clients

Griffin Funding is a direct lender as well as a broker. Unlike most banks that only offer a few products, we partner with over 40 different banks, lenders, private equity funds, and investors nationwide and provide a large range of products. We have the ability, flexibility, and relationships to leverage different money sources that enable us to find the unique loan that fits your unique situation.

Griffin Funding makes a difference for clients by taking a more comprehensive outlook at available financing options. We look at the changes taking place in the macroeconomic landscape and adjust our offerings to cater to our clients. 

Our clients reach out to us because they know that we will work with them and provide innovative solutions that will help them close their deals and meet their goals.

We are here to help in a time where it is hard to find financial institutions that will work to provide unique solutions for their clients. It is this core focus that helps us to build client relationships that last. 

If you have questions about DSCR loans, Non-QM loans and other loan options, reach out to the team at Griffin Funding for more details.

Who Should Get a Bank Statement Loan in Texas?

Bank statement loans in Texas can work best for those who own and operate a business or for those who are self-employed and participate in the growing gig economy. Gig economy not only refers to driving for firms like Uber or Lyft, but it also encompasses people who may offer graphic design consulting, content creators, or other forms of freelance work.

These individuals would ideally have a good credit score, a few months of reserves, cash for their down payment, and the ability to meet certain other basic financial standards.

Remember that the bank will only account for bank deposits that are allowed. The bank or financial institution will then divide the allowed deposits by the number of bank deposit statements.

If you have further questions about the bank statement loans Texas residents can turn to when they seek alternatives, reach out to our team at Griffin Funding today.

If you find that you are not a great fit for this loan, remember that our representatives at Griffin Funding will certainly be there to help you with other loan options.

Texas Bank Statement Loan Example

Now that we have explained what bank statement mortgage loans in Texas are and why they can be a good option for those seeking alternative forms of financing, let’s look at a quick example that illustrates how bank statement home loans in Texas can be helpful. 

For more than 20 years, Scott has owned a fix and flip company in Dallas, Texas. After years of buying, fixing up, and selling properties for others to enjoy, he was ready to fix up his own home. Scott needed cash-out for his property but continued to be turned down because he had a lot of tax write-offs and had trouble showing his real income.

Texas is a great state, but it can be tricky getting a cash-out loan here because only qualified lenders can do a cash-out loan and not all lenders are approved to use business bank statements for a loan. Luckily, Scott found Griffin Funding. We went through all of his bank statements and qualified him for a loan within three weeks. He was able to make his home of 16 years into the dream home he always wanted.

Apply for a Bank Statement Loan in Texas Today

Bank statement mortgage loans in Texas continue to rise in demand among those who do not meet the traditional requirements of a conventional mortgage program. 

Bank statement loans are highly valuable for those who meet the criteria and are not in the traditional workforce setting. As this population increases, our team at Griffin Funding is here to meet your goals and needs.

If you are looking for help with mortgage funding for your property purchase, contact our Griffin Funding team today. We are pleased to provide you with the right support and suggest a loan to help you meet your objectives.

Call our team at (855) 394-8288 and fill out an application to start the process of obtaining a bank statement mortgage loan in Texas today.

Frequently Asked Questions: Bank Statement Loans in Texas

Are bank statement loans still widely available?

Bank statement loans aren’t universally available, as not all big banks offer them. Availability depends on individual lenders and their specific offerings. Griffin Funding, with our expertise in non-QM mortgages, specializes in bank statement loans and can provide tailored solutions to eligible borrowers in Texas. 

How many bank statements do you need to secure a bank statement loan in Texas? 

The number of bank statements required for a bank statement loan in Texas can vary depending on the lender’s policies. Griffin Funding understands the unique needs of self-employed individuals and those with non-traditional income sources. In most cases, you will need to submit 12 or 24 months of bank statements in order to qualify for a bank statement home loan in Texas. 

How do I apply for a bank statement mortgage in Texas? 

Applying for a bank statement mortgage in Texas is a fairly straightforward process with Griffin Funding. Here’s how it works: 

  1. Discovery meeting: Begin with a consultation to discuss your financial situation and determine your eligibility for a bank statement loan in Texas. 
  2. Get pre-approved: If you believe a bank statement loan is right for you, you can get pre-approved for the loan, which can give you more negotiating power and set expectations while you house hunt. Getting pre-approved also lets you lock in your interest rate. 
  3. Submit application: Once you’ve found your dream home, you’ll submit your mortgage loan application online or over the phone. We’ll ask for the necessary documentation, including bank statements and other financial records. 
  4. Review and approval: Our experienced team will review your application and the appraisal of the home to determine whether to approve your loan application. 
  5. Closing: Upon approval, you’ll receive details about the loan terms, including interest rates, repayment terms, and specific conditions associated with the bank statement loan. At closing, you’ll sign the paperwork and receive the keys to your new home.