Income Type · Texas
Self-Employed Buyer in Texas
Run your own business in Texas? Get approved on bank statements, P&Ls, or assets — not just two years of tax returns.
Common challenges we solve
- Tax returns show low net income after write-offs
- Newer business under two years
- Variable monthly income
- Banks keep asking for more paperwork
What you get with Lumos
12 or 24-month bank-statement programs
1-year tax-return options for established businesses
P&L only for CPAs and licensed professionals
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
- How many months of bank statements?
- 12 or 24 — we'll use whichever shows you in the best light.
- Can I use business and personal accounts?
- Yes — we'll calculate qualifying income using a business expense ratio.
- What about my last tax return that wasn't great?
- Bank-statement and P&L programs ignore tax returns entirely.
