Income Type · Texas
Gig Worker / 1099 Contractor in Texas
Driving, freelancing, or consulting in Texas? Get a mortgage built around 1099 and gig income.
Common challenges we solve
- Income deposits vary week to week
- Multiple 1099s across platforms
- Big write-offs on Schedule C
- Lenders saying you don't qualify
What you get with Lumos
Gross-deposit bank-statement qualifying
1099-only programs that ignore write-offs
Conventional path once you have two years
What's different in Texas
Texas has no state income tax, but property tax rates are among the higher ones in the country, and newer subdivisions often add MUD or PID assessments — all of which count toward your monthly debt-to-income ratio.
Loan programs that typically fit
Frequently asked
- Do I need two years of 1099s?
- Helpful but not required — 12-month programs exist for stable earners.
- Do you average all my gigs?
- Yes — we'll aggregate deposits across platforms.
- How fast can I close?
- Fast closings are possible on complete files; timelines depend on the lender and property.
