Get Approved at The Lowest Rate
Traditional mortgage requirements in Ashford, AL 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 Ashford, AL 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 Ashford, AL 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 Ashford, AL, 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 Ashford, AL without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Ashford, AL 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 Ashford, AL 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 Ashford, AL, 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 Ashford, AL to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Ashford, AL? 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 Ashford, Alabama offers numerous benefits to borrowers, especially those with non-traditional income sources. This type of loan allows self-employed individuals or business owners to qualify based on their bank statements, rather than traditional income documentation. Demographics in Ashford, Alabama, show a diverse community with a population of approximately 2,100 residents. The median age is 38 years old, and the median household income is $40,000. The town offers a mix of suburban and rural living, making it a great place for families and professionals alike. The housing market in Ashford is stable, with a median home price of $150,000. The market is favorable for both buyers and sellers, offering a range of housing options from single-family homes to condos. With a low cost of living compared to national averages, Ashford presents an affordable option for homebuyers. Main attractions in Ashford include the Houston County Farm Center, where residents can enjoy various events and activities throughout the year. The Ashford City Park is another popular spot, offering green spaces, playgrounds, and walking trails for outdoor recreation.
Benefits of a 12 Month Bank Statement Loan in Ashford, Alabama
