DSCR, Bank Statement, Fix & Flip, Bridge, and more — 10 programs designed for borrowers who don't fit the traditional mold. No tax returns required for most programs.
Your savings, investments, and retirement accounts are divided over the loan term to calculate qualifying income. Ideal for retirees and high-net-worth individuals.
Use your 1099 forms instead of full tax returns. Perfect for contractors, consultants, gig workers, and freelancers whose 1099 income tells the real story.
Estimates based on inputs provided. Actual rates and payments depend on credit, property, and program eligibility. Not a commitment to lend. NMLS #407536.
FAQ
Investor & Self-Employed Questions
Answers to common questions about non-traditional mortgage programs.
A DSCR (Debt Service Coverage Ratio) loan qualifies based on the property's rental income rather than your personal income or tax returns. If the property's rent covers 1x or more of the mortgage payment (including taxes and insurance), you may qualify. It's the most popular investor loan because it allows unlimited properties and requires no employment verification.
Yes. Several of our programs don't require tax returns: DSCR loans use rental income, Bank Statement loans use 12-24 months of deposits, P&L loans use a CPA-prepared profit and loss statement, Asset Depletion loans use liquid assets, and 1099 loans use 1099 forms instead of full returns.
A bank statement loan uses 12-24 months of personal or business bank statements to verify income instead of tax returns or W-2s. It's designed for self-employed borrowers, business owners, freelancers, and gig workers whose tax returns may not reflect their true earning power due to business deductions.
Fix and flip loans provide short-term financing (typically 12-18 months) to purchase and renovate a property for resale. They fund both the acquisition and rehab costs, with draws released as work is completed. Once the property is renovated, you sell it or refinance into a long-term loan like a DSCR.
Yes. Texana Bank Mortgage offers Foreign National loans for non-U.S. citizens who want to purchase or invest in U.S. real estate. No Social Security number or U.S. credit history is required. These loans typically require a larger down payment (25-30%) and may have slightly higher rates.
An ITIN loan allows borrowers who have an Individual Taxpayer Identification Number (instead of a Social Security number) to qualify for a mortgage. These loans serve immigrants, non-resident aliens, and others who file U.S. taxes with an ITIN. Down payments typically start at 15-20%.
An asset depletion loan qualifies you based on your liquid assets (savings, investments, retirement accounts) rather than traditional income. Your assets are divided over the loan term to calculate a qualifying monthly income. It's ideal for retirees, high-net-worth individuals, or anyone with significant assets but limited documented income.
With DSCR loans, there is no limit to the number of investment properties you can finance. Conventional loans typically cap at 10 financed properties. Our portfolio lending programs also offer flexibility for investors building larger portfolios.
A bridge loan is short-term financing that bridges the gap between purchasing a new property and selling your current one, or between acquisition and permanent financing. It's useful when you need to close quickly, compete with cash buyers, or buy before selling. Terms are typically 12-24 months.
Bank statement loans are primarily designed for self-employed borrowers, but they can also work for gig workers, freelancers, contractors, and anyone whose income doesn't show well on tax returns. You typically need to be self-employed for at least 2 years, though some programs allow 1 year.
Yes. DSCR, Bank Statement, Asset Depletion, P&L, and 1099 loans are all available for both purchase and refinance — including cash-out refinances. Investors commonly use DSCR cash-out refinancing to pull equity from one rental property and use it to acquire the next. Self-employed borrowers use Bank Statement refinances to lower their rate or consolidate debt without providing tax returns.
No. Texana Bank Mortgage uses a soft credit inquiry for pre-qualification, which has no effect on your credit score. You can explore your loan options and check your rate without any impact to your credit.
Client Reviews
What Our Clients Say
Real reviews from real borrowers, pulled directly from Google.
I had an excellent experience working with my texana bank mortgage from start to finish. They were extremely professional, knowledgeable, responsive, and made the entire mortgage process feel much easier than I expected.
They took the time to explain everything clearly, answered all of my questions, and kept me informed throughout the entire process. I always felt like I had someone in my corner who genuinely cared about helping me reach my goals.
If you’re looking for a mortgage broker who is trustworthy, dependable, and willing to go the extra mile for their clients, I highly recommend them. I truly appreciate all of their hard work and would definitely work with them again!
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Kent Sisco
★★★★★
Adam McCormick is fantastic! Easy to work with and keep me informed every step of the way! Looking forward to working with him again in the future
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Andrea Ferrell
★★★★★
Adam was phenomenal from start to finish! He was friendly and professional. He assisted me every step of the way, walking me through the process with ease. He was always there for whatever questions I had. He was very, very patient and always reached out to me in a timely manner if I contacted him and he was unavailable at the time. Moreover, he made me feel as if he cared for more than just my loan, but me as a person!!! Texana is blessed to have him as an associate!!
Andrea
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Clay Ragsdale
★★★★★
Where to really start. Adam walked me through everything and put me at ease. I have had some bad experiences with other companies so I was digging and looking for any red flag. There was none with him and his direct talk is what did it for me. Someone that is real and just says what it is. No false hope or misdirection at anytime.
I would recommend him to anyone and definitely Someone looking for honesty and caring. The communication is top notch and a true professional.
Respectfully,
Clay
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Belvia Lynn
★★★★★
My overall experience while working with Adam McCormick was excellent. He was very pleasant and professional.
J
Joseph Hardman
★★★★★
Adam McCormick is an absolute professional in every sense of the word. I will NEVER use any other loan officer for my financials other than Adam as long as he is in the business. His work as my loan officer was exceptional. Throughout the process, he always responded to an e-mail, responded to a text, called right back if not answering immediately. He always made you feel as though you were his only client. There was never the impression he had more important things to do other than speak with you. He worked with us through a death in the family, personal issues, and numerous other challenges. It's possible other loan officers would have given up on us during this process, but Adam stuck with us through it all. His work ethic is amazing. He is an expert in his craft. I could not possibly give a higher recommendation, he has redefined what right looks like in this business.
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Marsha Kessler-Bradshaw
★★★★★
I was about to go with another company for this refinance no cash out until I received a call from this Adam McCormick. He was so knowledgeable and made me feel very comfortable with this process. Adam is knowledgeable ,courteous, understanding and has a real passion and patience for people. 👍We are at the closing. Thank you Adam McCormick!!
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Peter Jenkins
★★★★★
My situation had its difficulties. Justin was confident and persistent through the process and we the got the result
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Dale Samuel
★★★★★
Mark has been very professional and has been very respectful to my wife and myself.
Mark has shown that genuine human qualities and really worked with us and for us.
This actually been a pleasure to get to know Mark.
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James Fields
★★★★★
Outstanding Service and support from a truly Customer Oriented Agent! My pleasure to have worked with Mr. MCcormick.! Would follow him to next source if necessary. He is concerned in an outstanding balanced way. My pleasure to?know and do Business with him and The Bank!
JFields
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Rose Stone-Stewart
★★★★★
Texana Bank was there for us throughout the entire process. Their personableness, as well, their professionalism. As a financial institution it was nice to know that while obtaining a loan, we had a safe place to relay. They are absolutely “by the book” and at the same time makes the process easier to participate. The hospitality and genuine concern as clients was overwhelming of which we will always consider Texana Bank first, before mostly any other financial institution.
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Mitchell Morris
★★★★★
Greg was awesome and the process was simple. I have nothing but the highest praise for the process and for Greg himself. Thank you.
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Ronald Bylsma
★★★★★
Best refi experience of our lives, Andre was very knowledgeable and always kept us calm when things got stressful. Would recommend Mr. Andre Floyd to anyone looking for a great lending officer!
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Dejan Jajcevic
★★★★★
I’ve worked with mini bankers before and I used to do them over a decade ago myself and my experience that I had with Chad was nothing short of phenomenal. He is a wonderful Banker does a very diligent job and did not miss any moments of reassuring me where my loan was and closing I couldn’t say enough good things about him and I hope if I ever need to go through this stressful process again he is still in business to take care of me
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James Reaves
★★★★★
Adam is awesome super friendly easy to work with always aware of what’s going on and keeps you informed which is great.
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Lesli Hopkins
★★★★★
Lynette is absolutely awesome to work with! She takes the time to make you comfortable with the process and answers any questions completely and accurately
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Bobby Strickland
★★★★★
Andre Floyd was ABSOLUTELY AMAZING. I just love working with him.
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Abraham Sanchez
★★★★★
Working with Greg Darlin has been an awesome experience. An honest and sincere individual. He is to the point and very very knowledgeable. I appreciate the fact that he didn’t try to give me the run around and through the entire process I learned a few things. Thank you.
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