Get Approved at The Lowest Rate
Traditional mortgage requirements in Addison, TX can often be challenging, especially for self-employed individuals or those with non-traditional income sources. A Bank Statement Home Loan offers a flexible and convenient alternative, making homeownership more accessible for those who might not fit the standard loan criteria.
A Bank Statement Home Loan is designed for individuals who can demonstrate their ability to repay the loan through their bank statements rather than traditional income documentation such as W-2s or tax returns. This loan program in Addison, TX is ideal for self-employed borrowers, freelancers, contractors, and small business owners who have a steady income but may not have the conventional paperwork to prove it.
Use your bank statements (usually 12 to 24 months) to verify income in Addison, TX instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.
Secure financing for a wide range of loan amounts in Addison, TX, making it easier to purchase your dream home or refinance your existing mortgage.
Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Addison, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Addison, TX may not require PMI, potentially reducing your monthly payments.
Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.
To qualify for a Bank Statement Home Loan, you need to meet the following criteria:
Ideal for individuals with self-employment income or other non-traditional income sources.
Provide 12 to 24 months of personal or business bank statements in Addison, TX to verify income.
A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.
Ability to make a competitive down payment in Addison, TX, typically ranging from 10% to 20% of the purchase price.
Horizon Lending Services is dedicated to providing tailored mortgage solutions that meet your unique needs. Our experienced team understands the challenges of securing a loan with non-traditional income and is committed to helping you navigate the process with ease. We offer personalized service, competitive rates, and a seamless application process in Addison, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Addison, TX? Contact Horizon Lending Services today to learn more about how this flexible loan option can help you purchase or refinance your home. Our knowledgeable professionals are here to guide you through every step of the process, ensuring a smooth and successful experience.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
The 12 Month Bank Statement Loan offers self-employed individuals or small business owners in Addison the ability to secure financing based on their bank statements rather than tax returns. This provides flexibility and makes it easier for those with non-traditional income streams to qualify for a mortgage. Demographics in Addison show a well-educated population with a strong job market. The town is known for its young professional community and diverse culture. The median household income is above the national average, making it an attractive location for those looking to invest in real estate. The housing market in Addison has been experiencing steady growth, with property values appreciating over the years. The demand for homes remains high due to the town's proximity to major highways, excellent schools, and a plethora of dining and entertainment options. Main attractions in Addison include the Addison Circle Park, which hosts various events throughout the year, and the WaterTower Theatre, showcasing a range of performances. The town's vibrant nightlife and culinary scene make it a desirable place to live for young professionals and families alike.
Benefits of a 12 Month Bank Statement Loan in Addison, Texas
