Texas Mortgage News

Key Takeaways Lenders qualify self-employed borrowers on net income from federal tax returns, not gross revenue or bank deposits. Sole proprietors: net profit from Schedule C averaged over 24 months, plus allowable addbacks. S-corp and partnership owners: W-2 income plus K-1 share of business income, plus depreciation addbacks. Declining year-over-year income triggers additional scrutiny and…

The Loan Estimate is one of the most important mortgage documents you will receive. Here is what every line means for Texas buyers in plain language.

A rate lock gives you a number, but it has expiration dates and conditions. Understanding what can move a locked rate in Texas keeps you from being surprised at closing.