Get Approved at The Lowest Rate
Traditional mortgage requirements in Arlington, 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 Arlington, 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 Arlington, 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 Arlington, 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 Arlington, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Arlington, 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 Arlington, 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 Arlington, 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 Arlington, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Arlington, 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.
1. Flexibility: A 12 month bank statement loan in Arlington, Texas offers flexibility in income verification. This means self-employed individuals or those with non-traditional income sources can qualify more easily compared to traditional loans. 2. Speed: These loans often have quicker approval processes due to streamlined income verification procedures. This can be beneficial for individuals looking to secure financing promptly. 3. Diverse Options: Borrowers can choose from a range of loan terms and options to suit their financial needs and goals, providing personalized solutions. Demographics: Arlington, Texas, is a diverse city with a population of over 400,000 residents. The city boasts a mix of young professionals, families, and retirees, contributing to its vibrant community. Housing Market: Arlington's housing market is dynamic, offering a variety of options from affordable starter homes to upscale properties. The market is competitive, with steady demand and price appreciation over the years. Main Attractions: Arlington is home to popular attractions such as AT&T Stadium, where the Dallas Cowboys play, Six Flags Over Texas, and the Globe Life Field, offering residents and visitors ample entertainment and leisure opportunities.
Benefits of a 12 Month Bank Statement Loan in Arlington, Texas
