Get Approved at The Lowest Rate
Traditional mortgage requirements in Allen, 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 Allen, 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 Allen, 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 Allen, 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 Allen, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Allen, 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 Allen, 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 Allen, 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 Allen, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Allen, 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.
A 12-month Bank Statement Loan in Allen, Texas offers a flexible financing option for self-employed individuals who may not have traditional income documentation but maintain a strong financial standing. This type of loan allows applicants to use bank statements as proof of income, enabling them to qualify based on their revenue rather than tax returns. Allen, Texas is a thriving city located in Collin County with a population of approximately 105,623 residents. The city boasts a diverse community, with a median household income above the national average. The population primarily consists of young professionals and families attracted to the city's safe neighborhoods and excellent school systems. The housing market in Allen, Texas is buoyant, with a median home value of around $355,000. The real estate market offers a variety of housing options ranging from spacious single-family homes to modern apartments, catering to individuals with different preferences and budgets. The city experiences steady appreciation in property values, making it a lucrative investment opportunity. Allen, Texas is known for its exceptional amenities and attractions, including the Allen Premium Outlets, the Allen Event Center, and the Ford Center at The Star. Residents and visitors alike can enjoy shopping, dining, entertainment, and sports activities, making Allen a vibrant and engaging place to live.
Benefits of a 12 Month Bank Statement Loan in Allen, Texas
