Self-Employed loan snapshot for Texas
| Item | Estimate |
|---|---|
| Minimum down payment | 3%–10% |
| Minimum credit score | 620–660 |
| Typical TX home value | $260,400 |
| 3.5% down on typical home | $9,114 |
| 20% down on typical home | $52,080 |
| Avg. effective property tax | 1.58%/yr (~$343/mo) |
| Income for typical home (31% rule) | $87,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Texas programs pair with Self-Employed loans?
- My First Texas Home: A first mortgage with down payment assistance for first-time buyers and veterans.
- My Choice Texas Home: Assistance for buyers who are not first-time buyers but meet income limits.
- Homes for Texas Heroes (TSAHC): Assistance for teachers, first responders, nurses, corrections officers and veterans.
Details and current limits: Texas Dept. of Housing and Community Affairs (TDHCA) & TSAHC.
What documents do self-employed borrowers need?
- Two years of personal federal tax returns (all schedules).
- Two years of business returns (1120S, 1065 or 1120) if applicable.
- Year-to-date profit and loss statement.
- Business license or CPA letter verifying the business.
- Recent personal and business bank statements.
Full-doc vs bank-statement loans
| Full documentation | Bank-statement (non-QM) | |
|---|---|---|
| Income source | Tax returns | 12–24 months of deposits |
| Down payment | 3%–5%+ | Usually 10%+ |
| Rate | Market | Typically higher |
Self-Employed loans in Texas cities
HoustonSan AntonioDallasAustinFort WorthEl PasoArlingtonCorpus ChristiPlanoLubbockLaredoIrvingGarlandFriscoMcKinneyAmarilloGrand PrairieBrownsvilleKilleenPasadenaMesquiteDentonMcAllenWacoMidlandCarrolltonLewisvilleAbilenePearlandRound RockCollege StationRichardsonThe WoodlandsLeague CityOdessaBeaumontSugar LandTylerAllenEdinburgWichita FallsSan AngeloNew BraunfelsConroeAtascocitaTempleMissionBryanBaytownLongviewPharrGeorgetownFlower MoundCedar ParkMansfieldMissouri CityHarlingenNorth Richland HillsSan MarcosLeanderSpringVictoriaPflugervilleRowlettEulessWylieDeSotoPort ArthurTexas CityGalvestonKyleLittle ElmBurlesonGrapevineRockwallBedfordCedar HillHuntsvilleHaltom CityKellerShermanThe ColonyWaxahachieChannelviewSchertzCoppellWeslacoFriendswoodLancasterHurstDuncanvilleRosenbergMission BendMidlothianCopperas CoveFarmers BranchSocorroLa PorteTexarkanaSan JuanTimberwood ParkDel RioProsperLufkinWeatherfordCiboloDeer ParkHarker HeightsCleburneCanyon LakeHuttoNacogdochesWest OdessaSeguinSouthlakeGreenvilleSachseConverseForneyEagle PassLake JacksonAlvinBalch SpringsCelinaFulshearColleyvilleFort HoodDenisonCorsicanaUniversity ParkKingsvilleSiennaPecan GroveBig SpringParisSan BenitoCloverleafKerrvilleSaginawBenbrookFresnoKatyBeltonMarshallWataugaHorizon CityCorinthDickinsonEnnisStephenvilleMurphyAnnaPrincetonBrushy CreekFatePortlandAlamoPlainviewUniversal CityAngletonBoerneAltonOrangeCinco RanchLakewayTerrellCrowleySeagovillePalestineLa MarqueBrownwoodSteiner RanchNederlandWhite SettlementBrenhamBay CityAliceGainesvilleMelissaRoyse CityStaffordGlenn HeightsAddisonBellaireGrovesManorDonnaTaylorPampaHumbleMercedesHewittSulphur SpringsMount PleasantGatesvilleSouth HoustonHighland VillageRed OakRendonLive OakPalmviewBudaAldineCanyonUvaldeRio Grande CityMineral WellsWest University PlaceHerefordLockhartDumasHidalgoJacksonvilleWells BranchForest HillLumbertonAzlePort NechesSeabrookBeevilleTrophy ClubKilgoreAndrewsHendersonTomballAthensManvelSanta FeRobinsonLantanaLevellandBorgerWebsterEl CampoRichmondHornsby BendFort BlissGranburyRomaFour CornersTown of PecosLeon ValleyPort LavacaLa HomaSnyderSelmaFredericksburgIowa ColonyHeartlandBurkburnettElginPleasantonScenic OaksCluteFreeportFair Oaks RanchBonhamFairviewBellmeadGalena ParkBastropSweetwaterRockportRaymondvilleRobstownHeathSan Elizario
Frequently asked questions
Yes. Self-Employed loans are available statewide in Texas through approved lenders, subject to county loan limits where they apply.
Often yes. Texas Dept. of Housing and Community Affairs (TDHCA) & TSAHC and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.